News by THEEDGEMARKETS.COM

Fitch Solutions said retail sales in Malaysia had yet to reach pre-Covid-19 levels in 2021, owing to the significant impact that Covid-19 had on the capacity of retail operations, as well as disposable incomes of households.

The decision to withdraw the appeal at the Federal Court was made despite the fact that the Court of Appeal's decision to acquit him was not unanimous.

The group, via its Singapore subsidiary Sunway Developments Pte Ltd (SDPL), together with Singapore-based property developer Hoi Hup Realty Pte Ltd, had on Thursday (Nov 18) entered into a collective sale and purchase agreement with the owners of the land.

The MoU was inked between Boustead and Sinohydro Bureau 9 Co Ltd International Co, a wholly-owned subsidiary of PowerChina, on Thursday.

BNM announced that the action taken against the company and its affiliates had led to the freezing of 45 bank accounts in seven banks and the seizure of RM118.7 million in cash.

Quarterly earnings per share came in at 5.97 sen, from 0.66 sen in 3QFY20.

Dr Mahathir had questioned why Najib’s request for the RM100 million piece of land and house was not included in Budget 2022.

Earnings per share dropped to 1.5 sen from 1.86 sen. 

Earnings per unit rose 10.6% to 2.4 sen, from 2.17 sen in the same quarter last year.

This is the second extension for the MGO, after the offeror previously extended the closing date to Nov 8 from Nov 22.