INDUSTRY NEWS (25 FEBRUARY 2021)
Exemption for 2020 strata management AGMs to be gazetted, says ministry
The housing and local government ministry is in the process of gazetting an exemption for strata managements with regard to their 2020 annual general meetings (AGMs) which could not be held due to the implementation of the movement control order (MCO) to curb the
A healthier economic outlook in the horizon
A healthier economic outlook is anticipated in the coming months after Malaysia’s Leading Index (LI) posted 108.8 points in December 2020 from 101.6 points in December 2019, which also points to a sustained annual growth of 7.1% since November 2020. Department of
DBKL: JMBs and MCs may consider using sinking funds to sanitise strata buildings
Joint management bodies (JMB) and management committees (MC) can consider using their discretion and powers to utilise the sinking funds to finance the costs of sanitisation work at their strata residences if there is no special allocation provided. Kuala Lumpur City Hall (DBKL)
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