News by theedgemarkets.com

The REIT attributed the lower earnings to the March 18-31 rent free period given to tenants that were not able to provide essential services and supplies during the movement control order (MCO) period. 

IGB’s hotel division reported a loss in 1QFY20, while its property development business, which does not have any project under construction currently, recorded weaker sales of completed Stonor 3 condominium units. As for its construction and others' segments, losses widened.

The government needed more time to study expert reports on the feedlot project, senior federal counsel Azizan Arshad said in the High Court today.

A total of 53 prosecution witnesses and seven defence witnesses, including the six accused, had been called to testify in the trial.

Chief statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin further said that in the normal business environment, it is estimated that the sales of wholesale and retail trade fell RM45 billion in April 2020.

Justice Datuk Muhammad Jamil Hussin said the prosecution had failed to show that the money, which had been frozen, was either wholly or partly from former prime minister Datuk Seri Najib Abdul Razak, as the evidence showed many transactions going in and out of Yayasan PBAKM's account since the RM100,000 cheque was written on Oct 19, 2013.

Health Director-General (D-G) Datuk Noor Hisham Abdullah said the matter will be discussed with countries such as Brunei, Thailand and Singapore, to formulate a mutual agreement on the standard operating procedures (SOP) to be followed.

This follows MBAM taking over the federation’s chairmanship from the preceding members association, Indonesian Contractors Association.

According to him, Rohaizat, who holds the position of deputy director-general of health (medical), has served the Ministry of Health (MoH) for 35 years and 10 days.

The jewellery and other items belonged mostly to Najib’s wife Datin Seri Rosmah Mansor, who was already granted permission by the High Court to physically inspect the items worth RM680 million in March.