News by Adam Aziz

Quarterly earnings per unit rose to 1.85 sen, from 1.81 sen for 1QFY19, as net profit climbed 1.94% to RM19.79 million from RM19.41 million.

At 10:36am, YNH shares pared gains at RM3.30 with some 14,000 shares traded. At RM3.30, the group is valued at RM1.74 billion.

"The board of directors and leadership team of PNB conveyed their appreciation to Jalil for his leadership and contributions during his tenure with PNB. PNB wishes Jalil every success in his future endeavours," PNB said.

Quarterly earnings per share slumped to 0.32 sen from 1.37 sen in 3QFY19, Ekovest’s bourse filing showed.

IGB’s hotel division reported a loss in 1QFY20, while its property development business, which does not have any project under construction currently, recorded weaker sales of completed Stonor 3 condominium units. As for its construction and others' segments, losses widened.

Last month, Sabah Umno called for the anti-graft agency to investigate allegations that Peter was involved in the issuing of contracts worth RM1.55 billion under the ministry led by Peter, which was done via direct award.

Under this programme, dubbed the SME Go-Scheme, Prime Minister Tan Sri Muhyiddin Yassin announced that SME Bank will provide financing support to contractors and vendors who were awarded small Government projects under the Economic Stimulus Package 2020 and the PRIHATIN stimulus package.

Prime Minister Tan Sri Muhyiddin Yassin: To aid the tourism sector, an RM1 billion Penjana Tourism Financing (PTF) facility will be made available to finance transformation initiatives by SMEs in the tourism sector to enable them to remain viable and competitive in the new normal. Details of this fund will be announced by Bank Negara Malaysia (BNM) in July 2020.

The financing facility will be made available in mid-June 2020 with a maximum loan size of RM500,000 per SME.

The new rates are applicable for purchases made from June 15, 2020 to Dec 31, 2020