The analysts expect this news (on stricter MCO rules) to dampen near-term sentiment and will be negative for recovery play stocks - banks, auto, property, construction and tourism-related plays) on concerns of earnings risks in the near term.
Cagamas president and chief executive officer (CEO) Datuk Chung Chee Leong said the RM700 million issuance was concluded via private placement, while the second tranche of RM800 million was conducted via a book-building exercise, which was upsized to RM800 million from an initial size of RM500 million.
Tan Sri Lim Kok Thay said these disposals are in line with the streamlining exercises undertaken by the group to focus on cruise-related business, which will continue to be the major contributor to the group’s results of operations.
... bringing the country's tally to 512,091.
Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob said the new measure covers shopping malls, eateries, and petrol stations. “The same operating hours will also apply to convenience stores, pet stores and laundries.” Pharmacies may, however, stay open until 10pm, while petrol stations at highway rest stops can also operate longer hours.
ICU occupancy rate in Klang Valley jumps to 113%
"Our utmost priority should be to protect the maximum number of people within the shortest possible timeframe. By delaying the administration of the second dose, more Malaysians will be given the first dose of the vaccines. This is particularly pressing, in view of the acute shortage of vaccines at the moment."
"As we move further into 2021, the group will continue to recognise a substantial portion of stable recurring income from the 1,200MW Hai Duong Power Plant joint venture for the next 25 years," said its chief executive officer Andy Ang Lam Poah
In a statement today, the PMO also highlighted that further details will be announced tomorrow (May 22) by Senior Minister for Security Datuk Seri Ismail Sabri Yaakob.
This is the third consecutive day new cases were above the 6,000 mark
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