Latest news with #SarawakHousingandRealEstateDevelopers'Association
Borneo Post
18-05-2025
- Business
- Borneo Post
Sheda Miri 2025 Roadshow returns this August
Sheda Miri chairman James Hii (fourth left), Aaron on his left, and other committee members show flyers for the upcoming event. MIRI (May 18): The Sarawak Housing and Real Estate Developers' Association (Sheda) Miri branch will host the Sheda Miri 2025 Home & Property Roadshow this Aug 7 to 10 at the ground floor of the Old Wing of Bintang Megamall. Open daily from 10am to 10pm, the four-day event will feature over 20 exhibition booths, showcasing a wide mix of property developers from Miri and beyond, alongside hardware suppliers and home improvement businesses. The roadshow aims to serve as a comprehensive platform for homebuyers, investors, and industry stakeholders to explore the latest in residential and commercial property developments. The official opening ceremony is scheduled for 9.30am on Aug 8, to be officiated by Miri mayor Adam Yii. Speaking at a press conference here yesterday, organising chairman Aaron Hii of Jiajaya Sdn Bhd expressed confidence in this year's showcase. 'The Sheda Miri Roadshow continues to be a focal point for both homebuyers and investors to connect with developers and industry experts,' he said. 'Whether you're planning to purchase your first home or expand your real estate portfolio, there is something valuable here for everyone.' Key highlights will include residential and commercial developments across Sarawak, financial advice on housing loans, and networking opportunities with experts from the development and finance sectors. Booth prices range from RM3,700 to RM4,050, with a 10 per cent early bird discount for bookings made by July 7, 2025. Sheda members are also entitled to a 10 per cent discount. A 'Best Booth Design' competition will run throughout the roadshow, offering a cash prize of RM1,000 to the winner. The event is open to all—from first-time buyers to seasoned property investors and real estate professionals. For booth reservations or further details, contact Michelle Hii on 012-5340607 or email [email protected]. Home & Property Roadshow lead miri Sheda
Borneo Post
02-05-2025
- Business
- Borneo Post
Amended SLO brings higher compliance costs for businesses, says Sheda advisor
Sim says new employment regulations―including a reduced weekly working limit to 45 hours and extended maternity leave to 98 days―pose greater challenges to employers. KUCHING (May 3): The amended Sarawak Labour Ordinance (SLO), which came into effect on Labour Day, will increase compliance costs for businesses in the state, said Dato Sim Kiang Chiok. The Sarawak Housing and Real Estate Developers' Association (Sheda) advisor said new employment regulations―including a reduced weekly working limit to 45 hours and extended maternity leave to 98 days―pose greater challenges to employers. 'While these measures aim to improve employee welfare and align Sarawak with international labour standards, they present substantial cost implications for employers,' he said in a statement yesterday. Sim noted that the new requirements add to an already growing list of obligations, particularly for small and medium enterprises (SMEs). He also pointed out that the recent minimum wage increase from RM1,500 to RM1,700, further raises fixed costs across various sectors. 'This wage hike, combined with the reduction in working hours, means businesses are now expected to pay more for less output, unless they invest in automation or absorb productivity losses,' he said. He further noted that the federal government's plan to implement mandatory e-invoicing for all businesses by next year poses another major challenge. He said many small traders and businesses, especially those in semi-urban and rural areas of Sarawak, lack the technical capacity and resources to transition quickly to digital invoicing systems. 'Compliance will require investments in new technology and training, which adds to the burden of already overstretched micro and small business owners.' Sim warned that these combined changes could unintentionally dampen entrepreneurial spirit in Sarawak. 'While the objective is to modernise labour practices and ensure fair treatment, the cumulative effect of increased compliance costs could discourage business startups or expansion, reduce job creation, and shift focus away from growth and innovation. 'For sustainable development, it is crucial that policy reforms take into account the operational realities faced by local businesses,' he added. compliance Sarawak Labour Ordinance Sim Kiang Chiok slo
