The property developer is marching ahead with plans to spin off its commercial assets into a commercial real estate investment trust comprising nine of its office buildings, and listing it on Bursa Malaysia.

"There were no Covid-19-related deaths reported as at noon today. The cumulative number of deaths remains at 115 so far.”

He said the matter was decided at the Special Ministerial Meeting on the implementation of the Conditional Movement Control Order (CMCO) today upon obtaining the advice of the Royal Malaysian Police (PDRM).

Its offices, construction sites and property sales galleries had been closed in compliance with the movement control order (MCO) that was effective from March 18, 2020, although the marketing of properties continued to be conducted digitally, the company said.

Under the property division, Hap Seng expects the property market sentiment to soften further as cautiousness in consumers’ spending is anticipated to heighten, amid the Covid-19 outbreak and the uncertainties of its aftermath. Nevertheless, the division is cautiously optimistic of the affordable residential property market due to the accommodative monetary environment.

In a statement today, Muhyiddin said he did not act hastily on their suspension although he was pestered to take action against Dr Mahathir, Mukhriz, Syed Saddiq, Amiruddin and Maszlee much earlier.

On prospects, PPB said the present challenging operating environment will affect the group's film exhibition and distribution and property segments. Its other main business segments, however, are expected to perform satisfactorily, it said.

Mah Sing is strengthening its digitalization initiatives by accelerating capabilities to market products digitally.

“However, he cannot meet anyone now as he is in quarantine after coming into contact with a Covid-19 patient at a meeting.”

“The spike in new cases reported today is due to cases involving non-citizens. Of the 103, seven are imported cases that got infected abroad.