News by theedgemarkets.com

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.

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.

The stock surged as much as 38% to hit its intraday high of 73 sen in early trade today. At 4.14pm, the stock was trading at 63 sen, bringing a market capitalisation of RM272.81 million. A total of 61.4 million shares changed hands.

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

In the event that he is not able to pay the fine by tomorrow, he faces 18 months' imprisonment.

Deloitte’s lawyer Datuk Malik Imtiaz Sarwar informed the court that both parties have decided not to commence oral submissions, and instead will rely on their written submissions, which have already been handed to the judge.

The property, with a net lettable area of 285,249 sq ft, comprises a leasehold industrial piece of land with a single-storey warehouse and a double-storey office annex, another single-storey warehouse and other ancillary buildings.