The commencement of work is in two phases, which will be from May 27, 2020 and Aug 27, 2020 respectively, according to its filing to Bursa Malaysia yesterday.

Its property development segment's profit jumped more than three times to RM23.17 million from RM6.84 million previously, as it recognised proceeds from the sale of the Pavilion Bukit Jalil Mall and progressive sale of its Kota Kinabalu Crown development units. It also recognised progressive billings from Phase 2 Park Residence.

In a statement, executive director/ group chief executive officer Raymond Pang said the company had been ramping up efforts to get its construction work team back to full force to make up for the lost time during the MCO and conditional MCO.

The statement, signed by Tun Dr Mahathir Mohamad, Bersatu deputy president Datuk Seri Mukhriz Mahathir, Armada chief Syed Saddiq Syed Rahman, supreme council member Dr Maszlee Malik and MP for Kubang Pasu Datuk Amiruddin Hamzah, said the nullification had denied them their right to explain and defend themselves.

This brings the country’s total recorded cases to 7,629. 

It said the Office of the Malaysian Consulate General in New York was monitoring the spread of the disease, especially in cases involving Malaysians and was in constant contact with the local authorities responsible for the management of Covid-19 to ensure the validity and accuracy of information received.

The shut down was aimed at avoiding the spread of the Covid-19 pandemic following the high number of visitors to the park.

According to the KLCC Stapled Group which consists of units in KLCC REIT stapled together with the ordinary shares of KLCC Property Holdings Bhd (KLCCP), the performance of the office segment is expected to remain stable backed by triple net lease agreements and long term leases.

Tan Sri Vincent Tan: I urge the public to be extremely careful not to be victims of any investment scams, especially since many people have lost their jobs and savings recently due to the Covid-19 pandemic.

30 Malaysians in New York have so far been infected by Covid-19.