News by THEEDGEMARKETS.COM

In a statement issued today, GENM said its management team has volunteered to have salary reduction of up to 20%.

Earnings per share (EPS) for the quarter ended March 31, 2020 (2QFY20) dropped to 1.01 sen from 11.46 sen previously, according to the group’s exchange filing today.

Minister in the Prime Minister’s Department Datuk Takiyuddin Hassan said the Bill will involve amendments in several existing Acts as part of efforts to rebuild the economy and assist the people after the pandemic. 

Datuk Shaharudin Ali confirmed to theedgemarkets.com via an audio message that he received a letter dated yesterday from High Court judge Mohamed Zaini Mazlan informing that the court would not call up the case file or proceed to hear the revision.

It was one of several luxury properties he bought in New York and California.

This marks the eighth consecutive loss-making quarter for the department store operator. The current loss-making quarter is the largest it has had since 4QFY17 with a net loss of RM96.03 million then.

Net property income fell by a quarter to RM39.36 million, from RM52.75 million a year earlier, CMMT said in a bourse filing today.

Revenue came in 26.26% lower at RM4.11 billion versus RM5.57 billion previously, the group's stock exchange filing today showed.

This comes as Tadmax refocuses on property development, following its recently announced plan to exit from the RM3.3 billion Pulau Indah power plant project.

"They are retrenching about 10% to 20% of their staff force that stands at about 20,000," said a source.