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IGB Bhd sinks into 1Q net loss on MCO

IGB REIT said revenue decreased to RM234.62 million in the first quarter ended March 31, 2021 (1QFY21) from RM291.42 million a year earlier, due to lower contribution from among others, the group’s commercial and retail property investment segments and hotel operations.

Sunsuria 2QFY2021 revenue rises 31% to RM62.95m

Sunsuria attributed the higher revenue to the on-going projects in Klang Valley including Monet Springtime, Monet Garden Townhouses and Villa, Giverny Walk dual frontage shop offices and Tangerine Suites at Sunsuria City, as well as Sunsuria Forum (Phase 2) @ 7th Avenue at Setia Alam and Block D Verdura at Bangsar Hill Park at Lorong Maarof in Bangsar

Any further tightening of MCO 3.0 will hurt manufacturing sector, say industry associations

During a virtual press conference by the Penang Manufacturing Advisory Council, Dr David Lacey, who is president of the Free Industrial Zone, Penang, Companies' Association (Frepenca), said if there is a further tightening of MCO rules, it will further impact output, revenue and exports. “So we are really at the limit (threshold) in the current MCO 3.0,” Lacey said.