Property development and asset management company UDA Holdings Bhd plans to diversify further its businesses to ensure that the government-linked company remains competitive and relevant in the future.
Chairman Datuk Jalaluddin Alias said the businesses being looked at would be based on the new normal in order to boost confidence of the public, including business people, amid the COVID-19 pandemic.
“Although our main business is property, we are also involved in construction and hospitality which are similarly affected by the COVID-19 pandemic. However, we have implemented several changes and approaches to ensure that our business concept will remain relevant.
“We are spreading our wings. We will emphasise on food and beverages (FB) and our asset management businesses while stressing on businesses that are pertinent to the new norm, which should be practised and welcomed by businesses (operating from UDA Holdings’ premises) currently,” he told Bernama here yesterday.
Earlier, Jalaluddin, who became chairman effective May 13, spent about two and a half hours visiting the operations of Angsana Seremban and AnCasa Residences Port Dickson which are under UDA Holdings’ supervision. Also present was chief executive officer Mohd Salem Kailany.
Commenting on the extension of the period for individual income tax relief of RM1,000 for tourism expenses until Dec 31, 2021, announced yesterday, Jalaluddin said the move would rejuvenate the country’s tourism industry that had been much affected by COVID-19.
“We want to get as many domestic tourists to utilise (the products and services of) the local industry.
“I think the incentive will have a positive effect and be well-received by the people, especially those who could not travel and go on holiday with their family for a long time. This is a good opportunity for them to maximise their spending power,” he said.
UDA Holdings owns four hotels in Pekan, Pahang; Kuala Lumpur; Port Dickson, Negeri Sembilan; and Kuala Terengganu, Terengganu, as well as shopping malls such as Angsana Seremban, Angsana Kuala Lumpur, Angsana Ipoh Mall and Angsana Johor Bahru Mall.
When presenting the National Economic Recovery Plan (PENJANA) on Friday, Prime Minister Tan Sri Muhyiddin Yassin announced tax incentives for the tourism sector worth RM1.8 billion, including a tourism tax exemption from July 1, 2020, to June 30, 2021; an extension of the service tax exemption for hotels from Sept 1, 2020, to June 30, 2021; and an extension of the period for the tourism industry’s deferment of tax instalment payments to Dec 31, 2020.
Meanwhile, Malaysian Association of Hotels (MAH) Negeri Sembilan chapter chairman Haziz Hassan said MAH had submitted its standard operating procedures proposal to the Health Ministry and the Tourism, Arts and Culture Ministry for approval to enable all hotels under the association to operate at the maximum level.
“We are now waiting for the approval. At present, the hotel business is highly affected; and since the implementation of the Movement Control Order, we have incurred heavy losses. However, the tax deferment announced by the prime minister really helps,” he said.
Haziz also expressed hope that the government would allow travel across state lines to help rejuvenate the country’s tourism industry.
-- BERNAMA
Bernama
Sun Jun 07 2020
Jalaluddin, who became chairman effective May 13, spent about two and a half hours visiting the operations of Angsana Seremban and AnCasa Residences Port Dickson.
Tiada kemunculan Amad, pertemuan Man United-Brentford
Kedua-dua pasukan Manchester United dan Brentford kehilangan seorang pemain kerana penggantungan untuk pertembungan Liga Perdana Inggeris Sabtu ini.
Singgah Sahur UMPSA santuni anak yatim, agensi keselamatan
Program Singgah Sahur UMPSA bukan sekadar bertujuan berkongsi rezeki, tetapi juga menjentik rasa keinsafan dan kesyukuran.
Sarawak Energy kini penaung Majlis Tenaga Dunia, pertama dari Asia Tenggara
Sarawak Energy secara rasmi menjadi penaung global Majlis Tenaga Dunia, sekali gus menjadikannya yang pertama dari rantau Asia Tenggara.
Dua lelaki tak mengaku rompak, menyamar polis
Dua lelaki dihadapkan ke Mahkamah Sesyen Seremban pada Jumaat atas pertuduhan melakukan rompak berkumpulan terhadap seorang lelaki, minggu lalu.
Pembinaan LRT Pulau Pinang tidak melibatkan tanah yang banyak
Menurut Menteri Pengangkutan Anthony Loke Kerajaan Negeri P.Pinang telah kenal pasti jajaran tersebut dan meminimakan pengambilan tanah dan tidak melibatkan bangunan-bangunan yang banyak.
Kemalangan: 45 maut kemalangan bas di Afrika Selatan
Seramai 45 maut dan seorang cedera parah selepas terlibat dalam kemalangan bas berhampiran Mamatlakala di wilayah utara Limpopo, Afrika Selatan, pada Khamis.
'Fast track' Mahkamah Syariah selesai kes cerai dalam masa sehari
Perkhidmatan laluan pantas atau 'fast track' Mahkamah Rendah Syariah Wilayah Persekutuan yang diperkenalkan pada 2021 berjaya menyelesaikan kes antaranya cerai dalam masa sehari.
Ops Samba 2.0: Ketirisan akibat penyeludupan di Kargo KLIA cecah RM2 bilion - KP SPRM
Jumlah ketirisan akibat kegiatan sindiket penyeludupan babitkan beberapa anggota Jabatan Kastam Diraja Malaysia di Kargo KLIA mencecah RM2 bilion bagi tempoh tiga tahun lepas.
Lebih 100 pelajar Nigeria berjaya dibebaskan tentera
Tentera Nigeria telah menyelamatkan pelajar dan kakitangan yang diculik oleh lelaki bersenjata dari sebuah sekolah di utara negara itu beberapa hari sebelum tarikh akhir pembayaran wang tebusan sebanyak $690,000 dolar.
Pembinaan Projek LRT Laluan Mutiara disasarkan bermula tahun ini
Kata Menteri Pengangkutan Anthony Loke, pelaksanaan keseluruhan projek dijangka memerlukan tempoh masa lebih kurang enam tahun dan disasarkan beroperasi pada tahun 2030.
Malaysia, Singapore to resume discussions on high-speed rail project soon - Azmin
Azmin said, the discussions would encompass some of the proposed changes in the commercial and technical aspects of the project.
Extend the MCO until after Aidilfitri - AMM
The AMM understood the people's desire to spend time with relatives during the Raya holidays but in the face of this outbreak, social distancing had to continue until a new vaccine was discovered.
Industri pertahanan bakal pacu ekonomi negara - Mohamad Sabu
Kertas Putih Pertahanan dijangka dibentangkan di Dewan Rakyat pada November atau awal Disember ini selepas mendapat persetujuan Kabinet.
Do postponements cause delays in the Courts?
Cases may often be postponed or otherwise delayed for various reasons. The truth of the matter is that these delays may be necessary due to the Rule of law and due process.
Tiada perubahan drastik dijangka dari PRU Thailand - Penganalisis
Perjalanan proses itu hanyalah bagi memberi lebih legitimasi kepada kerajaan sedia ada yang dikuasai junta tentera ketika ini.
[OPINION] Opportunity from chaos
The biggest clandestine threat is the evaporation of the middle class across the developed world.
Here are the three considerations we had when we did the Budget - Tony Pua
Damansara MP Tony Pua explained the three major considerations on what went into the development and execution of Budget 2019.
'Kalau nak berkumpul, jangan la dalam bangunan' - Dr Maszlee
Bantahan mereka ini adalah susulan daripada pelantikan Dr Maszlee sebagai Presiden Universiti Islam Antarabangsa Malaysia (UIAM).
Climate change in Malaysia and what it means for us
The worlds climate is changing for the worse, and humans are responsible for that. Lets dive into a touch of science to make sense of this.
Major quake cuts communications, halts oil and gas operations in Papua New Guinea
At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday.