The rubber glove maker said the land is located next to its existing manufacturing plant No. 12, which will facilitate management control and operational synergies and efficiency.

In a bourse filing today, the company said the subsidiary will undertake property and investment holdings, besides manufacturing industrial products.

“Perhaps in 3Q2020, if the situation did not improve, the OPR could be revised once again to preserve the competitiveness of the economy and maintain price stability,” suggested Persatuan Perunding Hartanah Muslim Malaysia (PEHAM) president Ishak Ismail.

The Chenderiang assemblyman will be sworn in as the 13th MB at 3.30pm today.

Dubbed Serimba Terrace, the project sits on an 8.71-acre freehold site next to a public lake park. The project will have only 97 double-storey terraced houses with built-up sizes ranging from 2,214 sq ft to 2,289 sq ft. The indicative selling price is from RM738,000.

At the time of writing, Bursa Malaysia’s construction index was down 10.27% or 16.93 points at 147.86 points.

Justice Collin Lawrence Sequerah had decided that the case will resume next Thursday if Shafee and his wife Tania Scivetti tested negative for the virus.

That event has now been known to be linked to a number of COVID-19 cases in Malaysia, Brunei and Singapore.

The statement also said the couple is now self-isolating.

The board member is now being treated at Sungai Buloh Hospital and is in a stable condition, said the regulator in a statement.