News by TheEdgeMarkets.com

There are two property projects Bina Puri plans to use the proceeds on: a Johor development involving 384 double-storey houses with an estimated gross development value (GDV) of RM229.5 million and one development involving 28 units of four-storey and five-storey shophouses in Kuching, Sarawak with a GDV of RM57 million.

Ho Hup expects the corporate exercise to be completed by the fourth quarter of 2020.

The country reported a double-digit number of new infections again after five straight days  of single-digit daily cases since July 5.

The agency observed negative growth for tourists from every regional market, namely the short-haul market which saw a 37.3% decrease, the medium-haul market with a 41.4% decline and the long-haul market with a 22.5% decrease in the three months.

The former prime minister said he still stands by his decision to support Parti Warisan Sabah president Datuk Seri Mohd Shafie Apdal as the next prime minister candidate of Malaysia.

In a statement today, MyHSR said Mohd Nur Ismal returns as a familiar face as he led the company from 2015 until late last year when his contract ended.

Matrix Concepts founder and group executive deputy chairman Datuk Lee Tian Hock said the company had during March 18 and June 30, 2020 received RM827 million worth of real estate bookings from buyers despite Malaysia’s Movement Control Order (MCO) to curb the Covid-19 pandemic.

"Meanwhile, hardcore poverty recorded 0.4% in 2019 as compared to 0.6% in 2016.”

Bank Negara Malaysia slashed the OPR by another 25 basis points (bps) to a record low of 1.75% on Tuesday. With this, the rate has been cut by 125bps this year.

"In life, never say never to anything," replied Khazanah's managing director (MD) Datuk Shahril Ridza Ridzuan when asked if the proposal on merger between Malaysia Airlines and AirAsia was off the table in an interview with Bloomberg TV.