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).

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Pakatan will continue to rule in Selangor, says MB

KUALA LUMPUR (Feb 25): The Pakatan Harapan coalition is still governing Selangor “under the current political arrangement” even though one of the component members have bolted, Mentri Besar Datuk Seri Amirudin Shari (pictured) said after meeting with Sultan Sharafuddin Idris Shah Alhaj Ibni Almarhum Sultan Salahuddin Abdul Aziz Shah Alhaj, reported the Malay Mail.

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COVID-19: Mainland China death toll rises to 2,663

KUALA LUMPUR (Feb 25): The COVID-19 death toll in Mainland China rose to 2,663 as of yesterday (Feb 24) after 71 new fatalities were reported, the Embassy of the People's Republic of China in Malaysia said today, citing China's National Health Commission updates.

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Affin Hwang Capital cuts construction sector to Underweight

KUALA LUMPUR (Feb 25): Affin Hwang Capital Research has downgraded the construction sector to “Underweight” from Overweight amidst the political uncertainties following the resignation of Prime Minister (PM) Tun Dr Mahathir Mohamad (and his re-appointment as interim PM).

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