Amending Act to improve workers accommodation will raise business costs
Malacca Securities head of research Loui Low says the amendment is good news for the migrant workers, but does acknowledge that costs will increase for employers.
Covid-19: Malaysia records 3,391 new cases, 19 deaths
As new recoveries at 3,392 today came in higher than the new infections, active cases fell slightly
Top Abu Dhabi executives implicated in 1MDB scam believed to have been convicted
According a Feb 3 news report by the Khaleej Times, the Abu Dhabi Criminal Court had sentenced a former senior management executive of a government-owned company and its chief executive officer (CEO) to 15 years in prison for money laundering.
Shafee wants Tommy Thomas cited for contempt over contents in his book relating to Cradle Fund CEO murder trial
Speaking during the hearing of the murder case at the High Court today, Shafee told Justice Datuk Indera Abdul Karim Abdul Rahman that Thomas had allegedly published subjudice statements in the book titled "My Story: Justice in the Wilderness".
Khazanah associate Parkway Life REIT divests non-core property in Japan for RM112m
"The divestment which sees us divesting our non-core asset resonates well with our recycling strategy to rebalance and strengthen the growth potential of our Japan portfolio," said Yong Yean Chau, chief executive officer of Parkway Trust Management Ltd, the manager of the REIT.
Implementation of new accounting standards to trim Sime Darby Property FY21-22 earnings by 10%-14% — CGS-CIMB Research
Under the new accounting standard, borrowing costs will not be capitalised for unsold units.
Significant changes with higher risks led to Boustead privatisation lapsing, says LTAT
Upon the latest deadline to announced a plan to privatise Boustead on Feb 2, a conscious decision was made to allow the deadline to lapse.
Resorts World Genting temporary closure extended to Feb 18
All operations at RWG, except essential resort-based services such as security, bomba, utilities and clinics, will not be operational.
Contractors to feel pinch of higher steel prices, says CGS-CIMB
The 48% increase in steel prices had put additional pressure on many contractors still reeling from revenue losses due to the Covid-19 pandemic.
BNM allocates extra RM2b for Targeted Relief and Recovery Facility, sets up RM200m Disaster Relief Facility 2021
The facility will be available until Dec 31, 2021 or full utilisation, whichever is earlier.
