News by Adam Aziz

Tan Sri Mohamad Ariff Md Yusof: His Royal Highness voiced a clear opinion that Parliament is an important platform to discuss the Emergency Ordinance and the National Recovery Plan, as well as to review the spendings to overcome the pandemic and the plight of the rakyat

Istana Negara: His Royal Highness is well aware of Parliament's role as an important platform for Parliamentarians to discuss a multitude of issues, especially involving the Covid-19 outbreak.

The group will recategorise its businesses by July, from seven reporting segments currently into five key segments: retail, food and beverages, property, hospitality, and services (which will house the group's gaming unit and financial technology unit).

The movement, dubbed “Moratorium Untuk Rakyat” also urged the government to push for lenders to make certain additions, including interest waiver during the moratorium period, as well as to include all financing facilities including trade, credit and lease facilities.

Senior Minister (Security) Datuk Seri Ismail Sabri Yaakob: The decision was made after taking into account high daily new Covid-19 cases at above 5,000 cases…

"God willing, by the end of June, we will be able to reach the target of 150,000 doses a day."

The analysts expect this news (on stricter MCO rules) to dampen near-term sentiment and will be negative for recovery play stocks - banks, auto, property, construction and tourism-related plays) on concerns of earnings risks in the near term. 

Cagamas president and chief executive officer (CEO) Datuk Chung Chee Leong said the RM700 million issuance was concluded via private placement, while the second tranche of RM800 million was conducted via a book-building exercise, which was upsized to RM800 million from an initial size of RM500 million.

"There is no corporate development that may account for the trading activity of the company (shares)."

“The overall duration of the project is 16 months and works are expected to commence in August 2021."