IOI Properties 2QFY20 net profit down 7%
KUALA LUMPUR (Feb 25): Lower contribution from the property development segment dragged down IOI Properties Group Bhd’s net profit by 7% in the second financial quarter ended Dec 31, 2019 (2QFY20).
Avillion shares surge on news of offer received for group’s land
KUALA LUMPUR (Feb 25): Loss-making Avillion Bhd saw its shares rise in heavy trading on news that it has received an offer for its land in Port Dickson from a China-based investment group.
Chief secretary: Civil service will continue to function
KUALA LUMPUR (Feb 25): Chief secretary to the government Mohd Zuki Ali has ensured that the civil service will continue on working smoothly even in the absence of a government, Malaysiakini reported today.
Cabinet is dissolved following PM's resignation
KUALA LUMPUR (Feb 24): Cabinet has been dissolved following the shock resignation of Tun Dr Mahathir Mohamad as prime minister today.
‘Not all Chinese companies are the same’
KUALA LUMPUR (Feb 24): While some China construction firms are creating a bad reputation in the local construction industry with shoddy workmanship and tardy deliveries, MCC Overseas (M) Sdn Bhd (MCCOM), a Chinese state-owned entity, hopes Malaysians will not tar every China-based construction company with the same brush.
Rethink housing financialisation, says Liew
KUALA LUMPUR (Feb 22): It is time for Malaysia “to unwind and reverse the 50-year history” of “housing financialisation”, said Kluang MP Liew Chin Tong.
No car park being built next to Fort Cornwallis
PETALING JAYA (Feb 20): “There is not now, nor has there ever been” a plan to build a multi-storey car park next to Fort Cornwallis (pictured) in Penang, according to Chief Minister of Penang Incorporated (CMI) in a statement today.
COVID-19: Ip Man star Donnie Yen to donate HK$1m for China’s frontline medical workers
KUALA LUMPUR (Feb 20): Donnie Yen, the man who plays the legendary martial artist Ip Man (pictured), will donate HK$1 million (about RM537,000) to medical personnel battling the COVID-19 outbreak in China, especially in the city of Wuhan.
Affin Hwang: Malaysia's slower GDP growth in 4Q19 likely to continue into 1Q20
KUALA LUMPUR (Feb 20): Malaysia’s sharp economic slowdown in the fourth quarter of 2019 (4Q19) will likely continue into 1Q20 amid the COVID-19 outbreak, impacting consumer and business sentiment, according to Affin Hwang Capital Research.
COVID-19: Mainland China death toll tops 2,100
KUALA LUMPUR (Feb 20): The COVID-19 death toll across Mainland China rose to 2,118 as of Wednesday (Feb 19) after 114 new fatalities were recorded, said the Embassy of the People's Republic of China in Malaysia, citing China's National Health Commission updates.
