Glomac dips into the red for 4Q on fair value losses, declares one sen dividend
KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.
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Covid-19: Malaysia records four new cases, all imported
KUALA LUMPUR (July 14): The Ministry of Health (MoH) reported four new Covid-19 cases today — all imported, involving three Malaysians and one foreigner — raising the country's confirmed infections to 8,729.
Rosmah's ex-aide sought 15% 'contribution' for her for helping to secure project, court told
KUALA LUMPUR (July 14): Datuk Rizal Mansor, a former aide to Datin Seri Rosmah Mansor, had asked for a 15% “contribution” from Jepak Holdings Sdn Bhd on behalf of the former prime minister’s wife for helping the company to secure a RM1.
Covid-19: Expatriates cannot go on holidays overseas
KUALA LUMPUR (July 14): Expatriates living within Malaysia are not allowed to go on holidays overseas, reported The Star today.
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Despite BNM OPR cut, HLIB downgrades M-REITs as Covid-19 impairs earnings
KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.
Pandemic puts downward pressure on office rents and occupancy
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
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Jogging during MCO: Penang cardiologist changes plea to guilty
GEORGE TOWN (July 14): The cardiologist in Penang who hit the news after being caught by the local authorities for jogging on the second day of the movement control order back in March 19 has changed his please to guilty at the Magistrate’s Court here today, reported FMT.
Ex-parte application to seize US$340m from PetroSaudi and Tarek Obaid to be heard on Thursday
KUALA LUMPUR (July 14): The High Court today allowed an ex-parte application by public prosecutors to be heard on Thursday in a bid to obtain a prohibition order against PetroSaudi International Ltd and Tarek Obaid from using over US$340 million (RM1.
Asia Young Designer Awards 2019/20 winners revealed
KUALA LUMPUR (July 13): Lin Honghan from China and Greta Elsa Nurtjahja from Indonesia have been picked as the Asia Young Designers of the Year 2019/2020 (AYDA).
Protasco sells three plots of land in Johor to NSK for RM17m
KUALA LUMPUR (July 14): Protasco Bhd is disposing of three plots of commercial land in Johor to NSK Property Sdn Bhd, for RM16.
