News by justin Lim

Following the completion of Merdeka PNB 118 in four years, the country's largest asset manager would focus on its role as asset allocator.

In announcing the quarterly income in a stock exchange filing yesterday, it also attributed the higher NPI to better cost management, which resulted in 9.8% dip in property operating expenses to RM4.86 million from RM5.39 million a year ago.

In a filing with Bursa Malaysia, the REIT attributed the lower income to the rental support provided to tenants, and lower car park income, arising from the Covid-19 pandemic and Movement Control Order (MCO) since mid-March.

Similarly involved in the business of manufacturing and distributing kitchen cabinets, wardrobe and customised home-furniture products, Xiamen Goldenhome is listed on the Shanghai Stock Exchange. As of yesterday, it has a market capitalisation of 4.03 billion Chinese yuan (about RM2.49 billion).

In a filing with Bursa Malaysia, the group said the proceeds will also be used for capital expenditure, investments and working capital.

This comes after the group last month aborted similar cash calls announced on Feb 12, to raise up to RM80 million.

Ikhmas Jaya said its board is negotiating with EPF for settlement via instalments.

The other hotels are located outside Malaysia — two in Thailand, two in Canada and one in Australia.

BNM estimated that capital spending on major transport infrastructure projects of about RM15 billion is expected to lift 2020 gross domestic product (GDP) by 1 percentage point (ppt). 

Nor “Phoenix” Diana, 20, is Malaysia’s first hijab-wearing female pro wrestler.