News by The Edge

What does all this mean for those who have bought properties that are now being built?

Will they get a property that has been build according to the specifications spelt out in the sales and purchase agreement? Would all the building processes be executed the way they should be?

A day after the tragedy, the UK government announced that a public inquiry into the incident would be held. Phase One of the inquiry, released in October 2019, reportedly found “systemic failures” in the London Fire Brigade’s response. Phase Two, now ongoing, examines in-depth, among others, the building’s refurbishment and external cladding, testing and certification of products and fire risk assessments.

Malaysia is fast becoming an aged nation, even by global standards. According to World Bank estimates, Malaysia joined the ranks of an ageing society (with 7% of its population aged 65 and over) in 2020. The country is en route to becoming an aged society in 2044 (with 14% of its population aged 65 and over), and super-aged society in 2056 (with 20% of its population aged 65 and over).

While the move to provide legislated protection to both landlords and tenants is a progressive and noble one, the what and how of it need to be clear and convincing lest it winds up being an exercise in futility. 

McCrea said: “There is a scramble to do something in the financial setting, and in the world of environmental, social and governance (ESG). We are seeing this being driven by big investment companies. It is definitely [linked] to the property sector — we have a lot of developers and managers who are involved. However, everyone is prickly about ESG risks.

University Malaya Medical Centre received RM1.44 million in ventilators and other ICU equipment like beds and video laryngoscopes. Hospital Shah Alam was given RM890,000 worth of similar equipment plus oxygen tanks, medical gloves and face shields.

The leasehold vacant land measuring 3.781ha was originally slated to be developed into an integrated mixed development that will comprise a shopping mall, cineplex, convention hall and auditorium, meeting rooms, a hotel block and a serviced apartment block

The Medici-Watermark is an indirect 60%-owned subsidiary of Hatten Land

Rosli said Sarawak Report's owner, Claire Rewcastle Brown, has not contacted him for clarification on its allegations.

Genting Singapore is leading a consortium comprising Sega Sammy Holdings, Sohgo Security Services Co, Kajima Corporation, Takenaka Corporation and Obayashi Corporation