Parkson’s Cambodian unit ordered to pay RM630m in damages to its landlord
The unit is Parkson (Cambodia) Co Ltd (PCCO), which is wholly-owned by Parkson’s 67.96%-owned subsidiary, Parkson Retail Asia Ltd (PRA).
Gamuda JV bid for Sydney highway job could contribute RM181.7m in earnings over four years — PublicInvest Research
If successful, this would be Gamuda’s first Australian project.
Property prices expected to decline by as much as 20% following Covid-19 — buyers market ahead, says MIEA
As such, property prices at best could decline by 10%, and at most could decline by 20%.
Berjaya Times Square to waive rent for all tenants from March 18 till April 14
In a statement, the mall and entertainment operator said it will be a full base rental waiver and that it is done to support the long-term business sustainability of its tenants.
AME Elite potential sales to be realised later due to COVID-19
Travel restrictions placed by the government led to a delay in signing the sales and purchase agreements for land sales.
Facing halted ops under MCO, manufacturers seek higher wage subsidy, EPF exemption and income tax waiver
This is because the allocated amount is not sufficient since it is estimated to cover only 3.3 million workers.
COVID-19: Malaysia SMEs see zero cash inflow for at least three months due to MCO
The biggest challenge for SMEs is cash flow as they evaluate how Malaysia’s RM250 billion Prihatin Rakyat Economic Stimulus Package will mitigate COVID-19’s economic impact on them.
UPDATED: These banks won't compound interest, profit rates during six-month loan moratorium
This is to further alleviate the financial strain on their individual and small and medium enterprise (SME) customers.
MITI gives approval to 2,732 companies to operate as usual during MCO
In a statement, MITI said that as of 12pm today, some 2,732 companies or 29.41% of appeals it received have been allowed to operate, while 2,794 appeals or 30.08% of the total number of appeals have been rejected.
These banks won’t compound interest, profit rates during six-month loan moratorium
The moratorium applies to all ringgit-denominated loans that are not in arrears for over 90 days.
