News by Cheryl Poo

In an April 8 note, Hong Leong Investment Bank Research analyst Tan Kai Shuen says much of the property sector dynamics had changed compared with the previous year, owing to the pickup in sales and construction activity following the easing of lockdown restrictions, ending of the Home Ownership Campaign (HOC) last December, rising cost of living and lower household income, inflationary pressures on commodities and building materials cost, border reopening in April, anticipated rate hike and return of capital inflow from foreign investors.

Mean salaries and wages declined 9% to RM2,933 from RM3,224 in 2019, relegating many households’ incomes in the middle 40% (M40) category to bottom 40% (B40).

"AVL and AVC have made a counterclaim against PDC for, inter alia, damages amounting to a total of RM161.62 million (RM161,617,507.85) or such other sums as assessed by the High Court ..."

Hatten group said the digital assets, which include non-fungible tokens (NFTs), can be exchanged for or connected with the current loyalty point system of its malls and hotels, as well as of other participating hotels, attractions, malls and shops

He is the son of Eversendai’s founder, executive chairman and group managing director Tan Sri AK Nathan Elumalay

The 49-year-old textile brand, whose bread and butter is in the distribution, import, export, retail, and wholesale of textile and textile-based products in Malaysia, said the closure of this outlet would reduce operational expenses and let it out to an external party for better returns to the group

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the visitor contraction across all states in terms of volume and value to the implementation of Covid-19 lockdowns.

The revised projection also takes into account the latest data which covers the time when the Delta variant broke into the Covid-19 situation, but the World Bank expects an even more heightened recovery for 2022 as corrections will kick in.

The 322,346 doses administered yesterday involved 133,861 persons who received their first shot and 188,485 individuals who were fully vaccinated.

According to the CITF, the fully vaccinated category represents the number of people who have received the second jab of the two-dose vaccination or one dose of the single-shot CanSino Covid-19 vaccine