News by Arjuna Chandran Shankar

Revenue for the quarter dipped by 1.42% to RM33.43 million from RM33.91 million, it announced in a bourse filing.

As the group expects economic activities to take some time to recover, it is revising its sales target for the full year ending Dec 31, 2020 (FY20) to RM3.8 billion, from RM4.55 billion previously.

Health director-general Datuk Dr Noor Hisham Abdullah said his ministry has found a cluster of 10 virus cases as of noon today.

AHP said as a fund which is directly linked to Permodalan Nasional Bhd, it has provided some rental reduction reliefs to tenants, especially small and medium companies.

Yuen will also step down from his roles as chairman of Ikhmas Jaya’s risk and audit committee and as a member of its remuneration and nomination committee, according to the filing to Bursa Malaysia.

In a joint statement, the presidents and chairmen of the chambers of commerce and associations said they share the conviction that it is critical for business operations to be resumed nationwide while encouraging all state governments to follow the federal government’s decision and restart the economy, given the close interlinking of supply chains between states.

In a statement, the central bank’s Monetary Policy Committee (MPC) said the ceiling and floor rates for the OPR have thus been reduced to 2.25% and 1.75% respectively.

Country View said the financing will be secured, among others, against an Open All Monies Facilities Agreement to be entered into between CVR and AmBank Islamic and CVR’s commercial and affordable residential properties in Pulai, Johor.

CMMT chief executive officer (CEO) Low Peck Chen said the mandated closure of non-essential businesses during the MCO had dealt a blow to shopping mall tenants involved in non-essential services.

Hotels were not included in the list of permitted sectors under the first, second or third phases of the MCO to operate at full capacity, the Malaysian Association of Hotels pointed out in a notice to its members today.