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Valerie Ong Pui Shan Published EVERY FRIDAY FRIDAY, APRIL 24, 2020 . issue 3116/2020 . PP19055/06/2016(034530) PRINT + DIGITAL Do you miss Live EP EP going to your favourite Will malls be empty mall? Are FEATURE04 FEATURE10 you looking in the new normal? forward to visiting it Let’s share the Hotel again after the MCO is lifted? burden of Covid-19 closures With TAN SRI TEO CHIANG KOK, construction and layoffs Tell us by taking part in VALERIE ONG PUI SHAN and HC CHAN delays, says PAM inevitable EdgeProp Malaysia’s Survey LIVE FIRESIDE CHAT On EdgeProp Malaysia’s CLICK HERE Facebook Page FREE to JOIN Friday, 24 April @ 2:00 pm Is this the CLICK HERE TO REGISTER Will the Malaysian economy and the property sector MOTHER of survive the onslaught of the Covid-19 pandemic? How? ALL CRISES? Read Pages 6 to 8. Subscribe to pullout Stay updated on for FREE! the latest news at www.EdgeProp.my EP 2 FRIDAY APRIL 24, 2020 NEWS HIGHLIGHTS from www.EdgeProp.my CLICK HERE New EMCO at Selayang for video and more wholesale market area photos Putrajaya on Monday announced its • Parcel E2: Taman Sri Murni Fasa 1, sixth enhanced movement control Jalan 1/2D, Kuala Lumpur order (EMCO) at Pusat Bandar Utara • Parcel E3: Taman Sri Murni Fasa 3, and the areas surrounding the Selayang Jalan 1/2B, Kuala Lumpur wholesale market also known as the • Parcel F: Taman Batu View and Kuala Lumpur wholesale market. Taman Batu Hampar, Kuala Lumpur Senior Minister Datuk Seri Ismail Ismail Sabri also explained that the Sabri Yaakob said the government has areas to be closed are the residential decided to have the EMCO in these areas around the market, while the The Edge Property Sdn Bhd (1091814-P) areas bases on the advice of the Health Selayang wholesale market itself will Level 3, Menara KLK, Ministry, a daily reported. operate as usual during the EMCO No. 1 Jalan PJU 7/6, Mutiara The duration of EMCO in the areas period. Damansara, 47810 Petaling Jaya, Selangor, Malaysia will be from Monday until May 3. The “All residents are requested to stay eight parcels in the city under the calm and fully co-operate with the latest EMCO are: personnel of the Ministry of Health EdgeProp.my EdgeProp.my • Parcel A: Jalan 6/3A, Pusat Bandar (MOH) and to comply with all the | Managing Director/Editor-in-chief Utara, Kuala Lumpur directives of the authorities. Au Foong Yee EING • Parcel B: Jalan 6/3A and 9/3A, Pusat “Residents who need assistance or Y EDITORIAL Bandar Utara, Kuala Lumpur have any questions can contact the EN Y Executive Editor Sharon Kam • Parcel C: Jalan 2/3A, Pusat Bandar DBKL MCO Operations Room at 03- Assistant Editor Tan Ai Leng Utara, Kuala Lumpur 4026 7222 or the Sentul IPD Control Deputy Chief Copy Editor James Chong • Parcel D: Jalan 2/3A, Pusat Bandar Centre at 03-4048 2212,” he told a press Copy Editor Utara, Kuala Lumpur conference after chairing a meeting of Arion Yeow • Parcel E1: Taman Sri Murni Fasa 2, the Special Ministerial Committee on Senior Writer ICTURES BY LOW Rachel Chew Jalan 1/2D, Kuala Lumpur the MCO. P Writers Natalie Khoo, Chin Wai Lun, Chelsey Poh Art Director Sharon Khoh Senior Designer Jun Kit Designer Rajita Sivan REITs to temporarily exceed the tation of preventive measures in the Raise electricity gearing limit of 50% for a period community. For New Launches/Events/ HOTLINES Press Releases/News Tips tariff discount for of 12 months, on a case-to-case Dr Noor Hisham said border con- email: [email protected] basis, provided the affected REIT trol is crucial to prevent people with Tel: (03) 7721 8211 Fax: (03) 7721 8280 malls and hotels to For COVID-19 screening has obtained the sanction from its or tests, contact the Health infection coming to Malaysia. ADVERTISING & MARKETING 25%, urges MRMA unitholders. Ministry’s Crisis Preparedness So far, 95 Malaysians who re- Associate Account Director, The Malaysian REIT Managers As- turned from overseas brought the Advertising & Marketing and Response Centre (CPRC) Heidee Ahmad (019) 388 1880 sociation (MRMA) is calling for more Tel: 03-8881 0200, virus with them. He said attention Senior Account Managers relief measures to help Malaysian should also be given to movement Ian Leong (012) 359 1668 New Sime Darby 03-8881 0600 Cecilia Too (012) 319 7666 real estate investment trusts (M-RE- Property group MD and 03-8881 0700 control to avoid infection from one Sharon Lee (016) 330 1571 ITs) mitigate the adverse impact from person to another. Account Manager prepares ‘to chart from 8.30am to 5pm daily Joane Tan (012) 377 2885 the Covid-19 pandemic. Or Email: [email protected] It has proposed to the govern- new history’ Marketing Support & Ad Traffic Comply with Madeline Tan (03) 7721 8218 ment to consider a further discount Wednesday marked the first day of For more information, go to email: [email protected] MCO SOPs or incur on electricity tariff and waiver of Datuk Azmir Merican Azmi Merican’s CPRC Telegram channel at imbalance cost pass through for six tenure at Sime Darby Property BUSINESS DEVELOPMENT https://t.me/cprckkm higher costs Manager months. Specifically, the associa- Bhd as group managing director. Construction companies which are Nimalen Parimalam (014) 324 3193 tion has called for an increase from However, it is not business as usual For queries on the Restricted allowed to operate during the Move- AGENCY SALES 15% to 25% in the electricity tariff amid the Covid-19 pandemic and the Movement Control Order, ment Control Order (MCO) period Sales Manager discount accorded to hotels, retails Movement Control Order (MCO) for must ensure that their employees Stannly Tan (012) 538 1687 call 03-8888 2010. malls, conventions and exhibition the newly minted head of Malaysia’s are free of Covid-19 or face higher PRODUCT DEVELOPMENT centres, commercial and industrial largest property developer in terms costs to cover all costs of treatment. & CUSTOMER ADVISORY Senior Manager properties, for six months up to Sep- of landbank. “We will realign our immedi- Senior Minister (Infrastructure Elizabeth Lay (012) 512 1687 tember 2020. ate priorities, bolster our position Cluster) Datuk Seri Fadillah Yusof Associates Omar Nawawi (012) 537 1687 It also called for a waiver of as- and sustain our business standing who is also Works Minister said Nazrin Hakimin (017) 368 6061 sessment fee and quit rent for one amidst the current situation. Our among the main requirements for year; liberalisation of withholding future depends on our ability to be construction companies to operate For enquiries and listings email: [email protected] tax on M-REITs income distribution resilient and we will have to remain were by ensuring that their workers Tel: (03) 7733 9000 to all resident individual unitholders; focused on identifying opportunities were Covid-19 negative and that all EdgeProp.my pullout is published reduction in interest and financing while adjusting to the new norms so workers’ health examinations in- by The Edge Property Sdn Bhd. rate to 3% for at least six months; that we can sustain our performance cluding hospitalisation costs would You can download it for free at www.EdgeProp.my automatic six-month moratorium and remain competitive,” he said. be borne by the company. on financing facilities repayment or “This means that even if there payment; and double deduction of is only one (positive Covid-19), the The Edge Malaysia borrowing costs for half a year. MOH outlines six project will be halted and there is Publisher and Group CEO In addition, MRMA has sought criteria before MCO a mandatory screening for all. This Ho Kay Tat the authority’s consent to allow for The former UEM Edgenta Bhd can be lifted will surely cost them even more. managing director and CEO told The Ministry of Health (MOH) has “So, it is best to obey all stip- EDITORIAL Azam Aris EdgeProp.my that things are differ- outlined six criteria that should be ulated SOPs (standard operating Editor-in-chief Get CORPORATE BREAKING ent from what he would have im- met before the government can lift procedures) so that the project can Chief Operating Officer PROPERTY agined. the Movement Control Order (MCO) run without interruption,” he told a Lim Shiew Yuin NEWS delivered “[My appointment] comes at a which is slated to end on May 12. media conference on Construction ADVERTISING & MARKETING to you daily via Chief Commercial Officer time where most of us are required Health director-general Datuk SOP during MCO on Wednesday. To WhatsApp! Sharon Teh (012) 313 9056 to remain at home while trying to Dr Noor Hisham Abdullah said they date, over 19,000 applications had General Manager Fong Lai Kuan (012) 386 2831 TO SUBSCRIBE maintain some semblance of a nor- are: security control; movement been received, of which only 1,856 Senior Sales Manager 1. Add +6018 290 2116 mal working routine. Nevertheless, control; capability of the country’s have been approved thus far while Gregory Thu (012) 376 0614 to your contact I am excited and looking forward healthcare system; ability to protect about 7,000 have been rejected. An- Head of Marketing to the beginning of my journey with the high-risk group; ability to prac- other 8,000 more are in the process Support & Ad Traffic list as EdgeProp Lorraine Chan (03) 7721 8001 News. Or scan Sime Darby Property. It is a welcome tise the new normal; and implemen- of evaluation. this QR code. change of scene and with a great 2. Send us a WhatsApp with team behind me, I believe we are How do I get past issues of this weekly pullout? ready to chart a new history (for "NEWS" and your full Go to www.EdgeProp.my to download for free name in the message.
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