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MCO extended two weeks to April 28

April 10th, 2020 No comments

mco-checkingThe movement control order (MCO) to curb the spread of Covid-19 in the country has been further extended to April 28, Prime Minister Muhyiddin Yassin said today.

In a live telecast, he said the MCO had helped healthcare workers contain the spread of the infection.

He added that the country’s death rates were low compared to the global toll, and that the number of new cases had also dropped.

“If the trend continues to drop, we can curb it from spreading, but we cannot take it easy,” he said.

 “The extension is to allow health workers to curb the pandemic.”

The order, implemented on March 18, was initially supposed to end on March 31. It was later extended to April 14.

Under the MCO, all government and private businesses were shut down except for essential services such as water and electricity, telecommunications, transport, banking and food supply.

In the second phase of the MCO, a 10km travel restriction was imposed with leeway to be given if essential services or items cannot be found within the vicinity.

Members of the public were also barred from carrying passengers in their vehicles except during emergencies, with a 6am-10pm curfew for all vehicles including those used for e-hailing.

Hypermarkets, grocery stores and petrol stations meanwhile were only allowed to operate from 8am to 8pm.

Source: Free Malaysia Today

 

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Mah Sing and Iconic donate face masks to aid frontliners

April 10th, 2020 No comments

mahsing-face-mask

Mah Sing Group and Mah Sing Foundation donated 30,000 surgical masks while Iconic Worldwide Berhad contributed 20,000 medical-grade face masks to the Penang government.

Mah Sing was represented by head of northern region and senior general manager Lai Kok Soon; while Iconic was represented by managing director Datuk Tan Kean Tet.

Chief Minister Chow Kon Yeow thanked the contributors for donating the face masks, adding that the masks would be distributed to the frontliners in Penang.
Meanwhile, the state government had taken the initiative to distribute 6,000 face masks to food deliverers to safeguard them from the risk of Covid-19 infection.

As the country undergoes the movement control order (MCO), food delivery workers have been tirelessly ferrying meals from restaurants to consumers every day.

The restaurants have also stopped accepting dine-in customers since the MCO enforcement started on March 18 to help the country flatten the curve of Covid-19.

Takeaways are however allowed by the authorities. Thus, this has kept the brave delivery workers busy.

Although they are applauded for their courageous efforts, they also risk their lives if they are not taking any appropriate preventive measures when dealing with the customers during their daily rounds.

The face mask distribution took place near Maybank in Komtar today, involving three food delivery companies, namely Foodpanda, DeliverEat and GrabFood.

Each food delivery company received 2,000 face masks.

GrabFood company were represented by its Penang city manager Daphne Lim Beng Shuan and its head of operation Alex Teoh Chia Liang.

Foodpanda was represented by its Penang Island recruiter Hakimi, while DeliverEat was represented by its George Town rider management supervisor Nurul Nadia Nor Azmi.

Also present during the face mask distribution were Chow’s political secretary Teh Lai Heng, who is also the Komtar assemblyman, and Bukit Bendera MP Wong Hon Wai.

Nurul Nadia expressed her gratitude and thanked the state government for the face masks.

“The face masks come at the right time because we are currently having a shortage of face masks supply. At the same time, we have many riders in Penang.

“Now our riders can use the face masks to protect themselves when they are out doing the delivery.

“So, on behalf of the company, I would like to convey my sincere appreciation to the chief minister and the state government,” she said.

During the MCO enforcement, food delivery services can operate from 8am to 8pm.

The MCO is now into its 23rd day and will end on April 14 after being extended from March 31 to contain the spread of the coronavirus.

Source: Buletin Mutiara

 

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TreeO – Affordable Home from RM3XXK onwards

April 9th, 2020 Comments off

Treeo-Package

Nature’s Best, Above the Rest

Discover a nature-inspired sanctuary meticulously designed to not only integrate seamlessly with the natural environment, but to also enrich lives through intuitive modern features. Rising majestically from a pristine enclave in Sungai Ara, this one-of-a-kind project promises the ultimate combination of versatile design, lavish condo facilities, panoramic views and many more.

Away from the Daily Noise, Connected to Everything Else.

Located along a tranquil upper cul-de-sac in Sungai Ara, TREEO residents enjoy the best of both worlds – a serene living environment at home, and the convenience of having all daily, lifestyle and business needs within a short drive away.

location-banner-1

 

A World of Indulgence Right at Home

  • Strategically positioned to provide sweeping views of the hills, city & sea
  • Vast variety of condo facilities catering to residents of all ages
  • Carpark with multiple entry and exit points on levels 1,3,7 and 9
  • Lush landscaping with more than half of project site dedicated to greenery
  • Optimised internal layout for versatile living

Adding A New Dimension to Rest & Recreation

Your home sweet home at TREEO comes equipped with an extensive list of resort-style condo facilities including an Infinity Pool fronting the cityscape and sea, well-equipped gym and a variety of thematic gardens. TREEO sets itself further apart from the rest with a first-of-its-kind link bridge which directly connects the residents to an adjacent hillside landscaped park.

 

To find out more details, kindly contact developer at
+6012-5410749( WhatsApp)

Sales Gallery: Penang International Commercial City (PICC) Sales Gallery
Lot 6029, Jalan Tun Dr Awang, Sungai Nibong Kecil, 11900 Bayan Lepas, Pulau Pinang
(Waze: http://bit.ly/2MFdwsm)

Website: www.treeo-hunza.com

Register your interest here

Location Map:

 

 

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COVID-19 Crisis Measures & Opportunities (Part 2 of 2)

April 9th, 2020 No comments

George Town

by Anders Ong

FOUR Measures That Can Be Taken During the Six Months Automatic Moratorium Period: 

1. Increase Cash Reserve of Minimum 6 Months:

Preparing for the worst but hope for the best, because many businesses and companies may have to cut cost or start to do retrenchment. Cash reserve also serve as a mean for daily expenses such as foods and basic needs usage.

2. EPF Account 2 Withdrawals Under i-LESTARI:

EPF members may apply for the i-LESTARI Account 2 Withdrawal Schemes beginning April 2020. Remember to only withdraw if you are cash constraint due to loss of income from jobs or you wanted to reduce your existing debt burden.

3. Property Refinance:

Homeowners could take the opportunity to refinance their house in this market condition to cash out their home equity. Property owner who is in need of more cash to sustain their business or to safeguard their interest during this period could refinance their property for extra cash and to lower their existing mortgage interest rates without losing the ownership.

4. Existing Idle or Vacant Property:

If you have any properties which are not rented out yet, consider renting it out as soon as possible to increase monthly income and reduce debts. If you have any non-performing properties, consider to sell it off and restructure your future property plan before another property boom.

FIVE Opportunities That Arise During the Six Month Automatic Moratorium Period: 

1. The Automatic Moratorium:

Should we take it or should we decline and make normal payment as usual? If we have job securities with fixed income and a lot of cash reserve, then it is of not much importance as we will still need to pay for the interest later on. But if we are commission-based or business owner and affected, then we should consider to take it as we will have extra cash reserve for monthly expenses, salary payment and company expenditure.

2. Six Months Period to Settle All High Interest Debt Commitment:

The extra money from the deferred payment of mortgages should have been use wisely. Use the extra cash available to pay off or reduce other debts which have higher interest rates such as Business Loan, Personal Loan and Credit Card installment.

3. Improve Your CCRIS & CTOS Report Score for Future Mortgage Applications:

Focus on settling any short term loans which had been in arrears before and reduce the numbers of bad debt under the record or debt consolidations.

4. Refinance Property Again to Capitalize on The Low Interest:

If you had spotted any property which is worth to invest in the market downtrend, then refinance and invest. Some units are selling at a good price and the interest rates are low at this moment. But always invest with due diligence through real estate market studies of the prices, market segment and cash flow or hiring a professional estates agent.

5. Rental Income from Investment Property:

Any rental income received during this 6 Months Automatic Moratorium Period can be used to invest in other assets which can provide a higher percentage of return in the future. Make sure the other investment could reap a return of more than 5-6% to cover the mortgage interest rates.

Anders Ong – PEA, Property Investor, Writer, Speaker, Real Estate Coach, Property Market Analyst & Author of Back To Property Investment To Create Wealth

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Latest COVID-19 Statistics in Penang (by District)

April 7th, 2020 No comments

penang-covid19-07apr2020-bymukim

Coronavirus disease 2019 (COVID-19), an infectious disease, was first identified to have spread to Malaysia on January 2020. One of the key preventive measures to reduce the chances of infection includes staying at home. Let us all stay at home to stay safe! #stayathome #staysafe

As COVID-19 creates a critical impact to the property industry, Penang Property Talk brings you the latest statistics for Penang.

One new Covid-19 case reported in the Southwest (Barat Daya) District today. The cumulative positive cases in Penang now is 102 cases.

Follow the latest statistics HERE

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