News by Arjuna Chandran Shankar

The group said it incurred lower selling and marketing expenses by RM4.1 million compared with a year ago, mainly due to lesser sales and marketing activities on its ongoing projects as a result of the Movement Control Order.

Pavilion REIT declared a final distribution per unit (DPU) of 2.52 sen, versus the 4.1 sen DPU declared in 4QFY19.

It posted a net loss of RM41.84 million for the fourth quarter ended Dec 31, 2020.

Eight of these clusters are workplace-related, while one cluster was found at a detention centre.

Selangor posted 950 new cases today.

MITI Secretary-General Datuk Lokman Hakim Ali had informed Eurocham that the Ministry of Health (MoH) has made a clear stand on the matter of a complete shutdown of the economy. It was noted that with 99 Covid-19 clusters related to the manufacturing sector out the 300 present in the whole country, the MoH believes that the manufacturing sector is the main source of infections.

The death toll from the virus increased to 667

The gaming giant also announced that its Resorts World Birmingham, alongside all land-based casinos in the UK, will be temporarily closed until further notice, in compliance with the British government directives to curb the spread of Covid-19.

UOA REIT declared a DPU of 4.6 sen, compared with 2.3 sen a year ago.

As for revenue, the commercial property REIT — which has offices, warehousing and manufacturing facilities under its portfolio — reported a 3.94% increase to RM224.94 million from RM216.41 million a year prior.