News by Samantha Ho

“Looking at the REIT index, it has gone up nicely from Dec 31, 2018 closing at 924.87 points to 995.19 points on May 24 for a 7.6% return.”

Revenue for FY19 declined 9.81% to RM886.32 million compared with RM982.71 million in FY18 mainly due to decreases in contribution from its property and hospitality segments.

“Deloitte Malaysia is not the subject of the investigation and is cooperating fully with the authorities in their investigation.”

The cuts are effective today and reduce the BR and BLR to 3% and 6.65% respectively.

The property developer said despite this, its net profit for the quarter ended March 31, 2019 slipped just 0.73% to RM46.06 million from RM46.4 million previously.

In January, figures from the Construction Industry Development Board (CIDB) indicated private sector adoption of IBS stood at an estimated 35%. The government's target is to have 50% adoption by 2020.

The DMO is designed to keep government debt and liabilities in check by preventing it from growing out of control.

The increase in ECL was mainly because 1QFY18 had recorded a writeback as a result of staging improvement from stage 2 to stage 1.

The tenancy term for the space measuring 42,903 square metres is for 12 years and is renewable for another three years

The group’s wholly-owned unit Scientex Park (M) Sdn Bhd yesterday signed two conditional sale and purchase agreements with the sellers, Swan Lake City Sdn Bhd and Fair City Sdn Bhd, for the proposed acquisition, it said in a stock exchange filing yesterday.