News by theedgemarkets.com

IGB REIT said: "The lower gross revenue, net property income and profit after taxation are mainly due to the rental support provided to tenants and lower car park income arising from the Covid-19 pandemic and resultant MCOs (Movement Control Orders)."

A new Covid-19 cluster has been detected in an old folk’s home in Kluang, Johor, with 14 confirmed positive cases, the Ministry of Health (MoH) said today.

In a statement today, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the effective recovery of 1MDB assets remains a key priority for the Malaysian government. 

The affordable segment is expected to perform better, driven by the mass market, especially demand from young professionals and families due to continued urbanisation.

The facilitation fund aims to help bridge the private-sector viability gap with respect to projects that have a strategic impact and those with huge economic spillover effects.

The number of daily infections has been going up and down between the single- and double-digit levels since last Friday when 18 cases were reported, after posting four straight days of single-digit cases since last Monday.

Of the nine new cases, four were imported cases involving three Malaysians and one foreigner who is married to a local citizen. These cases were traced to Indonesia, Singapore and Pakistan.

“Mulpha was successful in proving the claim against the defendants (Mula), and the judge found that Mula had breached the settlement agreement and that the said agreement was terminated on Dec 15, 2013,” the group said in a bourse filing yesterday.

Alleging that AEON BiG has made “an inaccurate unilateral interpretation” of the stay order, Mega Continental said: “Any subsequent acts by AEON BiG in dealing with the seized goods may therefore be contempt in the face of court.”

Further investigations are ongoing into these new clusters