News by Wong Ee Lin

The project involves the construction and completion of 10 levels of podium and external works at Plot 7MD7, Precinct 7, Putrajaya

The poorer performance was due to the reintroduction of conditional Movement Control Order from Oct 14 last year, which resulted in lower shopper footfalls that affected tenants’ businesses, amid lower occupancies. It also extended targeted rental rebates to the affected tenants.

According to MOH, there are 327 active clusters in the country currently

Meanwhile, 2,490 more patients have recovered and were discharged in the last 24 hours, raising total recoveries to 130,152 or 75.4% of overall infections. But as recoveries continue to lag new infections, active cases that carry transmission risks reached another new high of 41,755.

“We are looking at inflation to make a comeback this year by 2%, after a deflation of -1% last year.”

The lower revenue was mainly due to “the adjustments on the unrealised revenue on unbilled lease income receivable pursuant to requirements of MFRS 16 Leases, recognised on a straight-line basis over the lease terms”.

EcoFirst said the proposed land acquisition has come at an opportune time for the group to increase its landbank within an area currently being developed to incorporate a MRT2 station, adding that it is confident that the development of the land will bode well for the group’s earnings.

Malaysia recorded 3,211 new Covid-19 cases today, the third time this week that daily increases surpass 3,000, bringing cumulative Covid-19 cases in the country to 151,066. Eight more deaths were also reported, with the death toll now standing at 586.

Eight additional deaths linked to the pandemic were reported in the country today.

Last year, the local central bank made four OPR cuts and slashed a total of 125bps to its lowest-ever level of 1.75%.