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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.

PETALING JAYA (May 21): In light of the Federal Court's decision today to dismiss an application to appeal a Court of Appeal (COA) ruling on flat rate maintenance charge for mixed strata developments, the Malaysia Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin has advised Joint Management Bodies (JMBs) of such developments that are charging different maintenance rates for different parcels, to comply with the ruling.