Matrix Concepts FY20 net profit up 7% despite dropping 16% in 4Q, declares 2.5 sen dividend
KUALA LUMPUR (July 9): Matrix Concepts Holdings Bhd’s net profit for the fourth quarter ended March 31, 2020 (4QFY20) fell 16% year-on-year to RM55.
5 charged with kidnap of murdered businessman
PETALING JAYA (July 9): Five men were charged today at the Magistrate’s Court here today with the kidnap of a businessman/property developer who was later murdered, FMT reported today.
Najib, Rosmah allowed to inspect handbags, other valuables after July 21, but face longer wait to examine jewellery
KUALA LUMPUR (July 9): Former Prime Minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor will be allowed to inspect and view close to 12,000 pieces of jewellery, 300 handbags and other valuables which were seized by police shortly after the 14th general election in 2018, after July 21.
Eason Chan staging online charity concerts this Saturday
PETALING JAYA (July 9): Hong Kong popstar Eason Chan has invited all to online concerts this Saturday to enjoy a musical performance at sunrise and sunset, Oriental Daily reported today.
Covid-19: Health Ministry declares end of Sri Petaling tabligh cluster
KUALA LUMPUR (July 9): The Ministry of Health yesterday declared the end of the Sri Petaling tabligh Covid-19 cluster, the country’s largest, after no new infection was reported in that group for 28 days.
DONE DEAL: Serviced apartment, DC Residensi, Damansara Heights, Kuala Lumpur
Rented for: RM7,200 per month (RM3.
SEGi to lease Subang Jaya space from HCK in related party deal
KUALA LUMPUR (July 8): SEG International Bhd (SEGi) said it has agreed to lease space in HCK Capital Bhd's upcoming project in Subang Jaya for the expansion of SEGi College Subang Jaya.
Gagasan Nadi Cergas undertakes record RM777m construction job for Selangor’s Rumah Idaman project
KUALA LUMPUR (July 8): Construction group Gagasan Nadi Cergas Bhd announced today that it will lead the construction of 4,319 units of affordable homes under the Rumah Idaman programme by the Selangor state government worth RM777 million.
Affin Hwang remains neutral on MREITs despite OPR cut to 1.75%
KUALA LUMPUR (July 8): Affin Hwang Capital Research has maintained its "neutral" rating for Malaysian real estate investment trusts (MREITs) with a 5% distribution yield at the end of 2021 after Bank Negara Malaysia (BNM) cut its overnight policy rate (OPR), for the fourth time this year, by 25 basis points (bps) to 1.
BNM may cut OPR by another 25bps to 1.50% as early as September — HLIB
KUALA LUMPUR (July 8): Hong Leong Investment Bank Research (HLIB) is not discounting the possibility that Bank Negara Malaysia (BNM) will cut the overnight policy rate (OPR) by another 25 basis points (bps) to 1.
