News by Arjuna Chandran Shankar

Gamuda said its engineering segment’s profit rose due to greater profit from the construction of the MRT2 line. Meanwhile, its property development arm saw lower profits due to the higher upfront costs of newer townships in Malaysia.

Customers can continue to use their credit card as per normal and pay their monthly credit card payments as normal

In a statement, MTUC said the central bank’s directive has brought huge relief, especially to individuals, many of whom are low salaried workers, and small and medium enterprises (SMEs) that are going through tough times on account of the virus.

In a statement, Gamuda Land said OLA, which is located along Anchorvale Crescent in Sengkang, is a JV with Evia Real Estate (7) Pte Ltd.

"... the issuances are composed of RM300 million in two-year conventional medium-term notes (CMTNs) and RM150 million worth of three-month conventional commercial papers (CCPs)."

In a statement, Sime Darby said Jeffri is currently being treated under quarantine, and has not visited any of the group’s premises in the past 16 days. 

In a statement, the bank said that it is working with Bank Negara Malaysia to offer a special relief facility for its SME customers during the COVID-19 outbreak.

At the time of writing, Bursa Malaysia’s construction index was down 10.27% or 16.93 points at 147.86 points.

For its property segment, revenue rose 17.2% to RM255 million, from RM217.6 million. Operating profit for the property development segment grew to RM75.6 million, from RM64.9 million.

In a bourse filing today, the oil and gas, and construction group announced it would be acquiring Nathan’s Vahana Offshore (M) Sdn Bhd, which owns the Vahana Aryan liftboat and Vahana Arjun – the construction of which will be completed in 2021.