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The passing of Datuk Teo Chiang Quan, chairman and executive director of Paramount Corp Bhd on May 24, has left Malaysian corporate and property development sector players in a state of shock and despair.

KUALA LUMPUR (May 27): Malaysia registered a new daily high Covid-19 infections of 7,857 today — the third day in a row that infections have spiked — pushing the number of active cases to 69,408, according to Health Ministry director-general Tan Sri Dr Noor Hisham Abdullah.

KUALA LUMPUR (May 27): Mass Rapid Transportation Corp Sdn Bhd (MRT Corp) has appointed its former CEO, Datuk Wira Azhar Abdul Hamid, as its new chairman effective May 11.

KUALA LUMPUR (May 27): Due to the good response of the AstraZeneca vaccine, the next batch of it will no longer be available on a voluntary opt-in basis.

KUALA LUMPUR (May 27): Kerjaya Prospek Group Bhd plans to launch two new residential developments in the Klang Valley with a combined estimated gross development value (GDV) of RM630 million in the second half of this year, said Kerjaya Prospek’s chief executive officer and executive director Tee Eng Tiong (pictured).

PETALING JAYA (May 27): Sime Darby Property (SDP) is on track to achieve its RM2.

KUALA LUMPUR (May 27): Malaysia Building Society Bhd (MBSB) reported a first quarter net profit of RM63.

KUALA LUMPUR (May 27): OSK Holdings Bhd's net profit climbed 50.

KUALA LUMPUR (May 27): Former 1Malaysia Development Bhd (1MDB) CEO Mohd Hazem Abdul Rahman (pictured) testified today that the board of directors performed a “sandiwara” (drama) to hide the fact that money in 1MDB’s BSI bank account in Switzerland actually belonged to Umno.

SHAH ALAM (May 27): Datuk Seri Ahmad Zahid Hamidi’s (pictured) trial in connection with the Foreign Visa System (VLN) ended early today, as one of the lawyers representing the defence, Aiman Abdul Rahman, was indicated as a close contact of a symptomatic Covid-19 patient.