The MOF added that if hotels proceed to raise rates on the pretext of the SST, the government, through the Ministry of Domestic Trade and Cost of Living (KPDN), will examine the matter to prevent unreasonable price increases.
The court also ordered that any sale and transfer of the 57 condominium units held under strata title must be sold at market value and through an open tender or public auction.
“Under the proposed Act, the government has no right to relocate any owners.
Distributive trade totalled RM149.
The strong sales in the first nine months helped lift Sime Darby Property's cumulative net profit and revenue to record highs.
A news report last week revealed that Concorde Hotel Kuala Lumpur is up for sale at nearly RM700 million, along with the adjacent land.
This compares to the RM85.
The National House Buyers Association (HBA) has time and again highlighted the ramifications and repercussions that will affect the house owners’ rights and interests, should the URA be enacted without 100% consent from all homeowners.
Earnings per share ballooned to 103.
Sales at department stores cum supermarkets grew 12.
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