Published on: Tuesday, January 19, 2021
By: NST
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Permodalan Nasional Bhd (PNB) is reportedly selling the 21-storey Menara MIDF in Jalan Raja Chulan to Singapore- based JD Hospitality Sdn Bhd for about RM140 million.
Kuala Lumpur: Permodalan Nasional Bhd (PNB) is reportedly selling the 21-storey Menara MIDF in Jalan Raja Chulan to Singapore-based JD Hospitality Sdn Bhd for about RM140 million.
The selling price for the tower was estimated at RM875 psf when the building was first put up for sale more than 18 months ago, according to The Edge Weekly.
The fund manager had previously confirmed that it was in the midst of a sale process but that it was unable to disclose any details on pricing before completing the deal.
KUALA LUMPUR: The Ministry of Entrepreneur Development and Cooperatives (MEDAC) has urged entrepreneurs to take full advantage of the various assistan.
Sunday, 17 Jan 2021 01:24 PM MYT
Minister Datuk Seri Wan Junaidi Tuanku Jaafar said entrepreneurs should take full advantage of the various assistance, incentives and programmes under the ministry and its agencies to remain competitive. Borneo Post pic
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KUALA LUMPUR, Jan 17 The Ministry of Entrepreneur Development and Cooperatives (Medac) has urged entrepreneurs to take full advantage of the various assistance, incentives and programmes under the ministry and its agencies to remain competitive in today’s challenging business environment.
Minister Datuk Seri Wan Junaidi Tuanku Jaafar said informal business entrepreneurs are also encouraged to register with the relevant authorities so that all the allocations and assistance available could be channelled to the eligible recipients.
Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) SMEs committee chairman Koong Lin Loong says “We did a survey and found that SMEs can’t survive more than four months with no cash flow. Generally, they can only do three months. Those that can survive six months and above are rare.
JUST when businesses thought 2020 was done and dusted, the resurgence in Covid-19 cases and the reimposition of stricter movement controls may have brought about a sense of deja vu.
Many had entered the year with optimism and were pinning their hopes on a great recovery in 2021 following the disruption to the economy last year.
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Striking off is one of the processes available under the
Companies Act 2016 for the dissolution of a company. When a company
becomes dormant, and directors do not wish to continue incurring
costs for its upkeep, striking off can be fast, straightforward and
cost-effective. This article will set out the requirements and
procedures by the Companies Act 2016, as well as the Companies
Commission of Malaysia, for the striking off of a company which is
not carrying on business or is not in operation
1.
Who can initiate the striking off process under section