News by Tan Siew Mung

Rapid improvement in the global energy demand, spurred by the coronavirus vaccine optimism, may provide some support to the industrial sector

The loss of employment is concentrated in Selangor and Kuala Lumpur, which hold some of the highest numbers of positive cases in the country

Sunsuria in October entered into two agreements to venture into the development of Bangsar Hill Park — a high-rise residential project along Lorong Maarof — and Nadi @ TAR, a high-rise mixed commercial project along Lorong Tuanku Abdul Rahman in Kuala Lumpur.

According to HSBC global survey Navigator: Now, next and how, which surveyed more than 10,000 companies across 39 markets in the world, Malaysia’s businesses have lowered their growth expectations, but they are still more positive than their regional peers.

AmInvestment Bank Research analyst Kelvin Ong said in a note today that the group’s normalised earnings for 9MFY20 were above expectations, making up 97.9% and 85.9% of the research house's and the consensus FY20 net profit estimates respectively.

Her forecast was lower than the official forecast of -4.5% this year, and 6.5% to 7.5% next year.

The company’s immediate priorities in 2020 remain on enhancing cashflow by monetising its inventory of unsold completed stocks and focusing on its projects in hand.

... dragged by lower construction margin.

The Johor Bahru-based property developer told Bursa Malaysia that its revenue for 1QFY21 had dropped by 27.07% to RM76.66 million, from RM105.12 million.