News about economy

KUALA LUMPUR (May 29): OSK Holdings Bhd posted a net profit of RM77.

PETALING JAYA (May 27): A viral message circulating on WhatsApp on a list of hotels in Kuala Lumpur and Penang available for sale is a hoax.

KUALA LUMPUR (May 21): Genting Malaysia Bhd has been dealt a poor hand this year, the 55th anniversary of the founding of the group, The Edge reported today.

KUALA LUMPUR (May 22): As the Covid-19 pandemic hits it hard, Genting Malaysia Bhd (GENM) has announced that it is undertaking a restructuring exercise at its home operations including voluntary pay cut and "rightsizing its workforce".

KUALA LUMPUR (May 22): Parkson Holdings Bhd’s net loss widened to RM92.

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

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