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PETALING JAYA (May 22): Many strata property owners may have sought waivers or discounts on maintenance fees since the Covid-19 outbreak and the ensuing Movement Control Order (MCO) period but such fee waivers and discounts are not viable as any adjustments in fee collection or sinking funds will need the approval of property owners via an AGM or EGM, said Chur Associates founder and managing partner Chris Tan.

KUALA LUMPUR (May 21): Capitaland Malaysia Mall Trust (CMMT) said its earnings in the first quarter ended March 31, 2020 was affected by lower rental income from its shopping malls, following the implementation of the movement control order (MCO).

KUALA LUMPUR (May 21): Following the temporary closure of the group’s resorts and casinos worldwide due to the Covid-19 outbreak, Genting Bhd sank into the red with a net loss of RM133.

KUALA LUMPUR (May 21): As part of its landbank expansion, Tadmax Resources Bhd is buying a 70% stake in a firm which is in the process of acquiring a strategically located piece of land in Cheras.

KUALA LUMPUR (May 21): Genting Malaysia Bhd is believed to have announced to its employees that the casino group needs to undertake an unprecedented sizable retrenchment exercise, according to sources.

KUALA LUMPUR (May 21): Sime Darby Bhd said it is willing to part with its stake in Eastern and Oriental Bhd (E&O) if it can secure the right price.

KUALA LUMPUR (May 21): Malaysia will look for ways to get access to Remdesivir if the antiviral drug is proven effective against Covid-19, says health director-general Datuk Dr Noor Hisham Abdullah.

KUALA LUMPUR (May 21): Severely affected by the Covid-19 pandemic, Genting Malaysia Bhd posted a net loss of RM417.

KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.

KUALA LUMPUR (May 21): Sunway Construction Group Bhd’s (SunCon) first quarter net profit fell 47% year-on-year to RM16.