News by Justin Lim

IOI Properties said the land tender represents an attractive and viable opportunity for the group to venture into a mixed-use development comprising residential, hotel and commercial elements in the Marina Bay area, which is Singapore’s prime business and financial precinct with well-established commercial and office developments besides various cultural and entertainment offerings

The company had net liabilities of RM59.574 million as at Dec 31, 2020, it said in a filing with bursa Malaysia on Sept 27.

In terms of the country's adult population, 83.1% had been fully vaccinated while 93.7% had received at least the first jab.

There were no deaths reported in Perlis, Putrajaya, Negeri Sembilan and Labuan.

Sarawak maintained its top spot with 2,943 new cases, followed by Selangor with 1,558 cases, Johor (1,455), Kelantan (1,206), and Sabah (1,078).

98.5% of patients displayed mild or no symptoms

In the REIT's latest annual report filed with Singapore Exchange, its chairman Tan Sri Francis Yeoh Sock Ping said that it remains difficult to ascertain the full impact of the pandemic on its business in light of the fluidity of Covid-19, hence it will continue to be vigilant, assess the constantly changing environment and respond appropriately.

The Marina View landbank is intended for mixed development, largely comprising residential units and a 540-room hotel with the balance for commercial units.

Group revenue rose q-o-q to RM214.33 million from RM210.28 million. 

The FMM also urged the government to standardise the thousands of SOPs into “activity based” SOPs such as indoor or outdoor in this regard.