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KUALA LUMPUR (May 14): Gadang Holdings Bhd’s net profit fell 24.

KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.

KUALA LUMPUR (May 14): Permodalan Nasional Bhd (PNB) president and group chief executive officer Jalil Rasheed said today that the state-owned asset manager would step away from property development upon completion of its RM5 billion megastructure in 2024.

KUALA LUMPUR (May 14): The Entrepreneur and Cooperative Development Ministry has announced the appointment of Datuk Jalaluddin Alias (pictured) as UDA Holdings Bhd (UDA) chairman effective May 13, 2020.

KUALA LUMPUR (May 14): The Ministry of Health (MoH) has confirmed 40 new cases today, bringing the total infections in the country to 6,819.

KUALA LUMPUR (May 14): Under the more relaxed conditional movement control order (CMCO) that will be enforced from May 13 till June 9, lawmakers and assemblymen will be allowed to attend Parliament or state assembly sittings.

KUALA LUMPUR (May 14): Hatten Group will be closing its non-performing business units, which would see affected employees being placed on temporary lay-off scheme until the global economic situation recovers, upon which the company will arrange for their potential return.

IPOH (May 14): Land erosion has impacted eight houses along Jalan Silibin Indah here, causing “the back portion of their houses to sink”, The Star reported today.

PETALING JAYA (May 14): A group of medical specialists, the Academy of Medicine of Malaysia (AMM), have called on the government to review the relaxation on its policy for small gatherings under the conditional movement control order (CMCO) over the Hari Raya Aidilfitri season, The Star reported today.

KUALA LUMPUR (May 14): The Sessions Court today granted a request by the prosecution to give a discharge not amounting to an acquittal to Datuk Seri Najib Razak's step-son, Riza Aziz (pictured), who was charged with five counts of money laundering amounting to US$248 million (RM1.