News by M

In a bourse filing, the group said that 3QFY18 saw an impairment loss of RM1.83 billion on its investment in the promissory notes issued by the Mashpee Wampanoag Tribe.

There are no comparative figures disclosed for the current quarter following the company's change in its financial year end from April 30 to June 30, 2019.

Litrak said a share of higher profit in its 50%-owned associate Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (SPRINT) amounting to RM4.8 million in the current quarter, also contributed to the group's higher net profit for the quarter.

Despite the muted growth experienced by the property market and conscious consumer sentiment, the property developer is already targeting new launches amounting to a GDV of RM3 billion in FY20.

Consequently, it recorded a net profit of RM6.67 million for the three months ended Sept 30, 2019, as compared with a net loss of RM274.57 million in the same quarter last year — when it recorded a share of loss from its associate Syarikat Pengeluar Air Selangor Holdings Bhd.

“Housing developments are getting more sophisticated these days with concepts such as mixed-use and integrated schemes that perhaps require longer construction time.”

The recording revealed that Ali had called for the meeting to protect the reputation of Najib.

“It s very heartwarming to know that we can make a difference,” those were the words echoed among the volunteers from the respective organisers and supporters of the Sayangi Rumahku campaign to refurbish the sports courts of public housing schemes.

In particular, EMIR Research found that the cost of living was the source of most worry for Malaysians surveyed — with a score of 0.81.

The recording of the meeting was played again in the High Court for Ambrin as prosecution witness today. It revealed that former chief secretary Tan Sri Ali Hamsa told the then AG to manage his diligent "younger officers", to take care of national interest and leadership.