Articles

The bank interest rates from fixed deposits had fallen from a high of more than 2% per annum before COVID-19 period to about 0.5% per annum currently. Many people felt that placing monies as fixed deposits in banks at such low interest rate is like giving monies away to the banks. Some opined that only people whom do not know how to invest, will place their monies as fixed deposits with the banks

Under Sect 29(1)(b) of the Building Maintenance & Strata Management Act (BMSMA), an MCST is required to properly maintain the common property and keep it in a state of good serviceable repair including replacing wholly or part thereof. If any part of the common property fails to operate, it is the obligation of the MCST to repair it.