News by M

In a filing with Bursa Malaysia, MTD ACPI said its wholly-owned subsidiary MTD Construction Sdn Bhd (MTDC) had on May 13 accepted the letter of award from the Northern Corridor Implementation Authority.

Consumer shopping habits are changing. The usual mall offerings consisting of retail shops, departmental stores and F&B outlets do not suffice anymore.

Although the majority of the respondents look forward to visiting malls again in the long run, in the near term, most would continue to be wary about the spread of the Covid-19 coronavirus as only 26% of those who will visit malls post-MCO stated that they will go to the malls immediately after the MCO is lifted against 74% who reckoned that they would only visit when the need arises.

The objective of the survey was to gauge consumer behaviour in visiting shopping malls pre- and post-MCO; and to see whether Malaysians were keen to return to visit their favourite malls like they used to after the MCO was lifted.

The report said barbed wire fencing was being set up by Armed Forces personnel as early as 3am at surrounding areas across Hotel Pudu Plaza, similar to recent efforts at the nearby Jalan Raja Bot wet market in Chow Kit.

The retirement fund notified Bursa Malaysia yesterday that it disposed of 1.92 million shares in the property development company on May 8.

“It is also the first time in the over six-decade history of the Malaysian Parliament that a session will be held without a full meeting,” they said.

The movement control order (MCO) since March 18, 2020 has impacted the group’s construction and property development projects, with the sudden suspension of its ongoing activities.

As the group expects economic activities to take some time to recover, it is revising its sales target for the full year ending Dec 31, 2020 (FY20) to RM3.8 billion, from RM4.55 billion previously.

Following the completion of Merdeka PNB 118 in four years, the country's largest asset manager would focus on its role as asset allocator.