News by justin Lim

Gamuda said Penang state government on March 25 accepted the terms of project development of Island A, whereby the project shall be implemented via a project development model through a joint venture with the state government.

Yong Tai said the mining area was in operation over the last five years with proven gold mined, giving a better exploration database and detailed geological models, which translated into reduced risks and huge discount on capital costs.

In its 2020 annual report, KLCC REIT chairman Tan Sri Ahmad Nizam Salleh said the second Movement Control Order, which came into effect on Jan 13, 2021, is expected to delay recovery in the retail and hospitality sectors.

Under the moderate reform scenario, Malaysia's GDP growth rate is expected to fall to 2.9% by 2050. 

The group is currently involved in the assembly and sales of new and rebuilt commercial vehicles and property development.

Paramount Corp Bhd group chief executive officer Jeffrey Chew: Interest rates have come down and hopefully will stay low, prompting people to start buying properties.

The number of persons who were reported today to have recovered from Covid-19 stood at 3,251.

The Ministry of Health (MoH) said the Covid-19-related deaths reported today brought the total number of fatalities in the country due to the pandemic to 1,121 so far

Apart from the lower revenue, other factors contributing to the lower profit before tax (PBT) included additional project-related and compliance costs arising from the Covid-19 pandemic, the property developer's bourse filing showed.

Construction segment  for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.