News by theedgemarkets.com

In a statement today, ICAEW, however, said growth is expected to spring back to 4.5% in 2021, supported by accommodative macro policies and fiscal stimulus.

"The impact (of COVID-19) to the market is tremendous. People are not travelling. Businesses not operating as they used to be and the aviation landscape has changed tremendously. MAG is not spared from all of this."

The revision comes at a time when it forecasts Genting Bhd’s near-term capital expenditure to peak in 2020.

This relates to the condos in Pavilion Residences which are also subject to forfeiture by the Malaysian government, as they had been used to house the items acquired from proceeds allegedly obtained using 1Malaysia Development Bhd (1MDB) funds.

Of the total 149 cases, 22 were detected among Patient-Under-Investigation (PUI) COVID-19 infection, 124 cases were from close contacts; one case was from a severe acute respiratory infection (SARI) via the COVID-19 case involving a surgeon; and  two more cases from humanitarian missions.

The order was made by Justice Datuk Muhammad Jamil Hussin after hearing the submission by Rosmah's lawyer, Iskandar Shah Ibrahim, and objection by Deputy Public Prosecutor Fatnin Yusof.

Courts usually give a one-month period for the two sides to prepare their written submissions after the defence case is closed.

In a statement today, WJP said Malaysia’s overall rule of law score increased 5.1% in this year’s index.

In a statement today, Eversendai said its outstanding construction order book stands at a near all-time high of RM2.69 billion.

For its property segment, revenue rose 17.2% to RM255 million, from RM217.6 million. Operating profit for the property development segment grew to RM75.6 million, from RM64.9 million.