CMCO in Selangor, KL and Putrajaya extended till Nov 9
The Conditional Movement Control Order (CMCO) imposed in Selangor, Kuala Lumpur and Putrajaya, which will end tomorrow, has been extended for another two weeks until Nov 9. Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob said the extension was agreed upon at the National Security Council (MKN) Special Meeting today, after taking into consideration the current development of COVID-19 infection in the Klang Valley. Ismail Sabri said the same CMCO standard operating procedures (SOP) will be adopted for the next two weeks. The government had earlier announced the implementation of the CMCO in Kuala Lumpur, Selangor and Putrajaya from Oct 14 to 27. He said the MKN Special Meeting today also agreed to implement CMCO in Nilai, Negeri Sembilan, from Oct 28 to Nov 10, following the surge of positive cases of COVID-19 among foreigners in the area. (Bernama)
GDB inks LOI with KSK Land for RM1.25bil 8 Conlay project
Construction services company GDB Holdings Bhd has inked with a letter of intent (LOI) with KSK Land Sdn Bhd’s unit to be main contractor for the 8 Conlay property project for RM1.25bil. GDB’s unit, Grand Dynamic Builders Sdn Bhd had on Monday signed the LOI with Damai City Sdn Bhd to complete the remaining main building works for 8 Conlay, which is an integrated mixed development project. The three high-rise blocks would be the tallest towers that GDB participates in, and brings GDB’s total order book to approximately RM2.27bil. 8 Conlay consists of three towers, atop a four-storey experiential retail space. The integrated mixed development features the first and only five-star 68 storeys high Kempinski Hotel in Malaysia and two twisted towers which are devoted exclusively to branded serviced residences called YOO8 serviced by Kempinski. Upon completion, 8 Conlay will own the world’s tallest twisted twin residential towers and the first and only Kempinski Hotel in Malaysia. (The Star Online)
IOI Properties to invest more in property management
Value creation comes in the form of good property maintenance, hence, IOI Properties Group Bhd is looking at putting more resources into the property management segment to create more value for the property buyers, said its CEO Datuk Voon Tin Yow. “We recognise that value is in the maintenance, be it a landed or strata property… If it is not well maintained over time, it deteriorates. This include the amenities, security and the landscaping,” he said. Voon added that even though it was the responsibility of the local council or Management Corporation to manage the property, they as the developers would still receive comments from purchasers that the property management is not well done. Being a strong believer of value creation through property maintenance, Voon stressed that developers could make a difference by contributing their part in improving the building maintenance or the company could even offer their services to the purchasers by helping them to manage the property. (The Edge)
Malaysia to export 100 megawatts of electricity to Singapore on two-year trial
Singapore is set to import electricity from Malaysia as early as next year in a trial to diversify the Republic’s energy supply. Trade and Industry Minister Chan Chun Sing said that the two-year trial will begin with the import of 100 megawatts (MW) of electricity. Singapore’s Energy Market Authority (EMA) said that it plans to issue a Request for Proposal by March next year for 100 MW of electricity imports. The amount is equivalent to about 1.5% of Singapore’s peak electricity demand. The highest monthly peak demand last year was 7,404 MW in May. Under the proposal, electricity imports could begin as early as the end of 2021 via the existing electricity interconnector between Singapore and Malaysia. Singapore currently does not import electricity. More than 95% of Singapore’s electricity is generated from imported natural gas, of which the majority is from Malaysia and Indonesia. An importer will be selected through an open and competitive selection process. (Malay Mail)
Malaysia sets new record of 1,240 daily Covid-19 cases
Malaysia recorded 1,240 new Covid-19 cases yesterday – the highest daily tally of infections since the pandemic began in March. The previous record of 1,228 cases was set just two days before. Only two of the new cases are imports, while the rest are local transmissions. The country’s cumulative tally of Covid-19 cases now stands at 27,805. Meanwhile, seven new fatalities – all in Sabah – were recorded, raising the death toll to 236. According to Health director-general Tan Sri Dr Noor Hisham Abdullah, Sabah recorded the highest daily number of cases today at 927, followed by the Klang Valley with 194. (NST Online)
