News by M

Construction segment  for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.

In a report by CBRE | WTW, such hotels have been dealing with significantly lower Average Room Rates (ARR) and Average Occupancy Rates (AOR) from the first Movement Control Order (MCO) which began on March 18, 2020.

Beyond our shores, it goes without saying the hotel industry is similarly in deep water as it is a sector that relies heavily on foreign travellers as its main income source.

Malaysian Association of Hotels (MAH) CEO Yap Lip Seng expects that without government assistance, the extension of the travel ban would cause another 10% to 20% of hotel closures with more employees losing their jobs.

The last time the country recorded daily new infections below the 2,000 mark was on Jan 4 with 1,741 cases. The country’s daily new cases climbed to a high of 5,728 on Jan 30.

Since the resumption of construction activities, MRCB said it saw continued improvements in its profitability, albeit at a slower pace, compared with pre-pandemic levels.

Longans, apples, pomelos and even durians, could turn into stunning décor pieces too!

A lawyer representing the Taman Tun Dr Ismail Resident's Association, which had gone to the court to stop the project, confirmed that an appeal has been filed with the Federal Court by DBKL and Memang Perkasa Sdn Bhd, a subsidiary of Malton Bhd.

On Aug 28 last year that High Court judge Justice Datuk Seri Mariana Yahya had dismissed a civil action by the former premier and his lawyer to remove Sri Ram from prosecuting them.

Revenue increased 10% to RM4.59 billion from RM4.18 billion in 1QFY21.