SP Setia 1Q net profit down 62% as MCO hits property, construction segments

KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.

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Ex-security guard with Covid-19 died on a 372km walk home

KUALA LUMPUR (may 14): A 30-year-old man who was found dead with Covid-19 infection in Rompin was supposedly walking from Segamat, Johor, to Kuala Terengganu when he collapsed and died, according to an undertaker who managed his final rites, Malaysiakini reported today.

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Another Melaka hotel to shutter

KUALA LUMPUR (May 14): The 228-room The Emperor Hotel Melaka (pictured) will cease operations, impacted by the Covid-19 pandemic and the ensuing movement control order (MCO) that was imposed, the New Straits Times reported yesterday.

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