He said the continuous increase in the number of unemployed persons was partly due to a review of business strategies in tourism-related industries.

... with the latest being the redesignation of Boustead's executive director of group business development Izaddeen Daud as its deputy group managing director, effective March 1.

Selangor registered 726 new cases, followed by Johor at 120.

The acquisition is in line with its objective of acquiring strategic stakes in companies with potential for future growth.

“Inclusive of this contract, Bintai Kinden has successfully increased its outstanding order book to approximately RM236.67 million."

The insurers, including a unit of American International Group, are being sued for the losses caused by the shutdown orders in response to the coronavirus outbreak, news portal Law360 cited Genting Americas Inc as saying in a New York state court complaint.

The Covid-19 pandemic forced people to stay home and retail stores shut. A majority of the retail sub-sectors contracted by double digits, with the department store and fashion and fashion accessories segments shrinking the most at by 38.3% and 37.9% respectively.

In 4Q20, the retail sub-sector that was the worst hit was the fashion and fashion accessories segment, which contracted 49.6%. Another segment that was hit badly was the department store category, which slumped 44.7%, according to the Malaysia Retail Sales Report.

US-based Carlyle Group and Luxembourg-based CVC Capital Partners “are believed to be the front runners…”

Group managing director Datuk Jimmy Doh Jee Ming: To me, this is only the beginning. Today, our presence is mostly in Perak. We still have so many other states to go into.