PM, ministers, deputies give up two months’ pay for COVID-19 fund
The decision was made during the Cabinet meeting today, and said this demonstrated the government’s sincerity in helping those affected by the pandemic.
The decision was made during the Cabinet meeting today, and said this demonstrated the government’s sincerity in helping those affected by the pandemic.
In a filing today, the group said Resorts World Genting, Resorts World Awana, Resorts World Kijal and Resorts World Langkawi will remain closed during the extended MCO period.
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.
The 63-year-old-man passed away at 4am today.
Most of the group's property developments comprise industrial and commercial properties, such as Tiong Nam Business Park.
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.
The latest measures by CapitaLand and CMMT aims to provide immediate cost and cashflow relief to the affected tenants, it said in a statement.
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.
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.
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.