Daily Industry News Update (1 March 2022)

INDUSTRY NEWS (28 February 2022)

Proposed Law On Rental Security Deposits Would Only Add To Layers Of Red Tape, KL Retention Ponds Remain Off-Limits To Developments, And More

The National Housing Buyers Association (HBA) believes the proposal to introduce a law authorizing a government agency to handle the two-month security deposit for rented properties would only add to the layers of red tape. Meanwhile, the Federal Territories Ministry said that retention ponds within the city remain off limits to developments.

Kerjaya sees better prospects ahead, expects FY22 revenue to return to pre-pandemic levels

Construction outfit Kerjaya Prospek Group Bhd aims to restore its revenue to pre-pandemic levels in the current

MRCB rebounds to RM15.83 mil net profit in FY21

Property and construction group Malaysian Resources Corporation Bhd (MRCB) rebounded to record a net profit of RM15.83 million in the financial year ended Dec 31, 2021 (FY2021), from a net loss of RM177.37 million in the same