News by theedgemarkets.com

Revenue fell 27.88% to RM58.38 million, compared with RM80.95 million previously, which the group said was mainly due to the negative impact of the suspension of construction work for ongoing projects, as well as lower carpark rental and mall rental income during the Movement Control Order (MCO).

In a bourse filing yesterday, the power giant said it received the notice yesterday, which was similar to the notices it had received in past years.

Mujahid, who was the minister in the Prime Minister’s Department in charge of religious affairs, said the accounts of TH were manipulated at that time in order to pay out higher dividends to the members, which he stressed should not have happened.

The death toll also remained unchanged for the third consecutive day at 122, as no new fatalities were recorded.

On top of that, Rizal asked for a RM5 million cut for himself every year for a five-year period, which is also the duration of the project, said Rayyan Radzwill Abdullah, a business partner of Jepak.

HLIB analyst Nazira Abdullah said that although historically, the widened yield spread between M-REITs and Malaysian Government Securities (MGS) bodes well for REITs' share prices, it may not be the case this time because the Covid-19-driven restricted movement policies in Malaysia have impaired the retail industry, which constitutes a large portion in M-REITs.

The group said it would be buying Blossom Eastland Sdn Bhd, which is developing Bandar Baru Setia Awan Perdana (BBSAP) and Lagenda Teluk Intan (LTI).

Knight Frank Malaysia: The sense of growing uncertainty surrounding supply and demand chains will lead to [less] leasing or transactional activity as business owners and investors review or put on hold their real estate decisions.

Batu Kawan MP Kasthuriraani Patto: The Speaker's role is to manage the house and to run the house as efficiently as possible.