News by theedgemarkets.com

Selangor again recorded the highest number of new infections at 750, whereas Kelantan came in second with 484 cases and Sarawak in third at 432.

Najib's lead defence counsel Tan Sri Muhammad Shafee Abdullah today argued that the former premier's participation in the two Cabinet meetings, which resulted in two government guarantees to SRC for the RM4 billion loans from Retirement Fund (Incorporated) (KWAP), could not be enough to prove that he had personal interest in the company as he was doing so in his professional capacity as the prime minister and finance minister at the time. 

This follows the apex court today granting their habeas corpus application, where the bench discovered the magistrate in issuing the 21-day remand order did not comply with the guidelines to look into the merits of the police application into imposing the detention.

Singapore-listed Starhill Global REIT’s manager YTL Starhill Global REIT Management Ltd said although the recent roll-out of Covid-19 vaccines is positive for a global recovery, the property trust remains cautious as vaccine deployment, the reopening of borders and return of consumer confidence will take time.

According to Starhill Global REIT’s website, YTL Starhill Global REIT Management Ltd is a wholly-owned subsidiary of YTL Starhill Global REIT Management Holdings Pte Ltd, which is in turn an indirect subsidiary of YTL Corp Bhd.

RHB Institute Research said it continues to like IGB REIT for its solid recovery prospects upon mass vaccinations and the broad reopening of the economy as well as considering its fully tenanted retail assets, strategic rental structure, and largely domestic shopper profile. The local research house kept its "buy" call on the REIT with an unchanged target price (TP) of RM1.95. 

At an appropriate time, Star Media will consider the possibility of developing real estate projects for the next cycle of growth in the property development industry to increase investment yield, Chor said in the company’s latest annual report, which was filed with Bursa Malaysia yesterday.

"The board wishes to announce that MREC had vide its letter dated April 23, approved the said Phase III Clinical Trial study to be carried out in Malaysia involving 3,000 subjects," the group said in a bourse filing yesterday.

... largely due to lower car park income and higher allowance for impairment of trade receivables as a result of Covid-19.

... to build a sea link between Jalan Gurney and the Seri Tanjung Pinang (phase two) development.