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MIDF downgrades property sector to neutral as recovery slowed by CMCO

The research house’s analyst Jessica Low Jze Teing said in a note today that while she had anticipated property sales to recover in the second half of 2020 (2H2020) due to incentives in Short Term Economic Recovery Plan (Penjana) and record low interest rate, she believed the worsening Covid-19 situation in Malaysia would derail the property sales recovery as the economic outlook turns uncertain.

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MQREIT sells Quill Building 5 for RM45m

In a bourse filing, the REIT said it had entered into a sale and purchase agreement with Deriv Services Sdn Bhd to dispose of the building, which is not tenanted at present, and that the expected net gain from the proposed disposal is RM3.73 million. 

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Airbnb calls for healthy and sustainable travel

Chris Lehane, Airbnb senior vice president, global policy and communications: As this evolves, we will continue to develop ways to best support our communities by supporting healthy and sustainable travel, in partnership with local governments.

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