80 healthcare workers test positive for COVID-19, says Health DG
In his Facebook posting at noon today, he said none of the healthcare workers’ source of infection has been linked to the management or treatment of COVID-19 patients.
Another person dies from COVID-19, tally now at 21
The 63-year-old-man passed away at 4am today.
A tough year expected for Tiong Nam’s industrial property business — MIDF
Most of the group's property developments comprise industrial and commercial properties, such as Tiong Nam Business Park.
COVID-19 to place Malaysian economy into technical recession, says AmBank
In a thematic note today, AmBank Group chief economist and head of research Dr Anthony Dass said the impact from this virus should taper by the end of the second quarter of 2020.
CMMT provides 14-day rental waiver to non-essential services tenants
The latest measures by CapitaLand and CMMT aims to provide immediate cost and cashflow relief to the affected tenants, it said in a statement.
Consider tax rebates for SMEs including property management companies
MIPFM president Adzman Shah Mohd Ariffin: Most property management businesses are in the SME category and are operating at competitive fees with slim margins, and some are already facing delayed payments from clients.
COVID-19 MCO: 'Unfit' property developers will fall
Property developers may have a slight buffer from unbilled sales to cushion the near term impact of the MCO but those with high gearing and bad credit record are in a precarious situation, said RHB Research Institute senior analyst Loong Kok Wen.
Housing prices to fall?
The Movement Control Order imposed by the government to stem the spread of the COVID-19 which began on March 18 until April 14 (extended from the initial date of March 31) will see many sectors including the property sector struggling because of limited business activities.
DONE DEAL: Office lot, Oasis Square, Ara Damansara, Petaling Jaya, Selangor
Rented for: RM11,000 per month (RM2.60 psf); Concluded by: Joanne Soh (REN 13124, 012-297 6506) of CBD Properties Sdn Bhd; When: November 2019
Glomac’s 3Q net profit jumps over eight times to RM12.14m
The property developer attributed the significantly increased profitability to contribution from higher margin projects, better performance by the property investment segment and overall administrative cost savings during the period under review, it said in a statement today.
