Pandemic puts downward pressure on office rents and occupancy

KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.

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Speaker deems comments by Baling MP 'offensive', demands apology

KUALA LUMPUR (July 14): Before the parliamentary sitting kicked off with the Minister's Question Time, newly appointed Dewan Rakyat Speaker Datuk Azhar Azizan Harun addressed the commotion yesterday amid alleged racist and sexist remarks by Datuk Seri Abdul Azeez Abdul Rahim (BN-Baling).

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Govt, BNM must step in to extend bank loan-repayment moratorium — MATTA

KUALA LUMPUR (July 13): The Malaysian Association of Tour and Travel Agents (MATTA) has urged the government and Bank Negara Malaysia (BNM) to extend the bank loan-repayment moratorium by another six months for the tourism industry because the sector is the hardest hit by the Covid-19 outbreak and studies indicate that it will only recover from the crisis much slower than other local industries.

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