News by Adam Aziz

Six new Covid-19 cases and two recoveries in the 24 hours until noon today

The new cases comprised two local infections and four imported cases.

The flattish bottom line comparison was supported by growth in its pharmaceutical business and plantation, while losses widened in three segments — property and industrial; heavy industries; and trading, finance and investment.

MRCB impaired RM197 million worth of its contract assets, trades and other receivables it believes "will be impacted as a result of the pandemic from some of the group’s completed construction projects in the quarter under review".

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.

The proposed high-rise development comprises three tower blocks: 46-storey Tower A, 49-storey Tower B, and 30-storey Tower C encompassing 536, 572 and 268 units respectively.

In a filing with Bursa Malaysia yesterday, Sasbadi said the property had an audited book value of RM7.85 million as at end-August 2019.

Boustead had been subject to criticism due to high debt strain from its expansion exercises.

Apart from the proposed diversification, Titijaya had in April signed an agreement with China's Sinopharm Medical Equipment QuanZhou Co Ltd to collaborate on sale of medical industry-related equipment and real estate