News by theedgemarkets.com

IOI Properties said the property development segment recorded revenue and operating profit of RM544.6 million and RM314.9 million, up 53% and 193% respectively compared with 4QFY19.

Active cases dropped to 151 from 177 reported yesterday, as 36 more Covid-19 patients recovered. This raised total recoveries to 9,030, representing a recovery rate of 97%.

Managing director and CEO Syahrunizam Samsudin: If there are areas where the tender meets our current capabilities we definitely will participate

The group said it maintains a positive outlook on the retail industry in China. With the effective control of the pandemic and the implementation of various measures to stimulate consumer spending, China's retail market has recovered gradually with consumer consumption picking up steadily.

The flattish bottom line comparison was supported by growth in its pharmaceutical business and plantation, while losses widened in three segments — property and industrial; heavy industries; and trading, finance and investment.

For the first half FY20, Genting posted a cumulative net loss of RM918.37 million against a net profit of RM1.16 billion a year ago.

"Tan Sri Lim Kok Thay, the chairman and chief executive/non-independent executive director, has been redesignated as the deputy chairman and chief executive of the company with effect from 27 August 2020," Genting Malaysia said in Bursa Malaysia filing yesterday

MRCB impaired RM197 million worth of its contract assets, trades and other receivables it believes "will be impacted as a result of the pandemic from some of the group’s completed construction projects in the quarter under review".

Ministry of Health (MoH) Director-General (DG) Tan Sri Dr Noor Hisham Abdullah: With the 16 recoveries today, this means 8,994 or 96.8% of Covid-19 patients have recovered so far.

Chief executive officer Datuk Sulaiman Mohd Tahir: We think there should be another cut, the question is how much is the cut? The range [we expect] is about 25bps or as much as 50bps in the near term.