Bukit Bintang City Centre in RM242m JV with Mitsui Fudosan

Bukit Bintang City Centre in RM242m JV with Mitsui Fudosan

Kuala Lumpur: Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM) and BBCC Development Sdn Bhd (BBCCD) entered into a JV agreement to form a JV company, MFBBCC Serviced Suites Sdn Bhd (JVCo). The aim is to purchase a serviced residence block in the Bukit Bintang City Centre (BBCC) development for RM242 million. MFAM will hold 51%

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Air transport to see rough times until 2023: Report

Air transport to see rough times until 2023: Report

Global demand in air transport will not return to its pre-Covid-19 level before 2023. The unprecedented slump in international travel will make 2020 a terrible year for the air transportation industry. “We expect airlines’ aggregate revenues to plummet by USD310bn to USD525bn and profitability to become negative with a staggering USD60bn operating loss,” says Alliance

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HSBC helps local businesses to thrive in adversity

HSBC helps local businesses to thrive in adversity

HSBC recognised that Covid-19 has disrupted business across different sectors. As an international bank that has historical ties with Malaysia for more than 150 years, HSBC Malaysia continues to help its customers in various ways. Meaningful Partnership with ‘dahmakan’ for Meaningful Businesses To this end, HSBC has partnered with dahmakan for a campaign named A

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Recovery Plan: Biggest winner automobile sector and car buyers

Recovery Plan: Biggest winner automobile sector and car buyers

The short-term National Economic Recovery Plan (June–December 2020) (Penjana), launched by PM Tan Sri Muhyiddin Yassin on 5 June 2020, will help restart the economy after a soft patch against a backdrop of the movement control order (MCO), followed by the conditional MCO, over the last three months to contain the Covid-19 pandemic. This third

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Malaysia remains an attractive horizon for businesses, investment: Deloitte

Malaysia remains an attractive horizon for businesses, investment: Deloitte

To attract foreign companies to relocate their business into Malaysia by addressing the risk of re-shoring, the Government will grant the following incentives: a)  0% tax rate for 10 years for company in manufacturing sector with new investment in fixed assets between RM300 million and RM500 million. b)  0% tax rate for 15 years for

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COVID-19: Malaysia’s short-term recovery plan

COVID-19: Malaysia’s short-term recovery plan

Malaysian Prime Minister Tan Sri Muhyiddin Yassin unveiled a host of measures in the Short-Term Economic Recovery Plan. The plan aims at alleviating the worst effects of the Covid-19 pandemic. Here are the main points: > Up to June 2, the Statistics Department recorded that around 12.7 million or 83.5% of the workforce has started

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GOH BROTHERS ACQUIRE 100% OF MACROKIOSK GROUP

GOH BROTHERS ACQUIRE 100% OF MACROKIOSK GROUP

Founders to acquire the remaining equities of MACROKIOSK from Japan’s GMO Internet Group’s unit, GMO Payment Gateway Inc (GMO-PG) Set to boost profitability and Asian Market expansion further while remaining agile and focused on delivering real value to clients Record-breaking revenue expected in 2020 Move marks the 20th Anniversary of MACROKIOSK KUALA LUMPUR, Malaysia, June

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