News by Ahmad Naqib Idris

Meanwhile, Gamuda Land sold RM1 billion worth of properties during the quarter, rebounding sharply from the previous quarter's sales of RM250 million, and almost on par with the RM1.1 billion sold in 4QFY19.

Starhill chairman Tan Sri Francis Yeoh: While our business is not immune to global trends, the years of a disciplined approach with a cautious investment strategy, sound tenant base and prudent capital management have given us a solid foundation to navigate the challenges ahead.

He also urged Malaysians to be calm in the face of this political situation. "InsyaAllah (God-willing), this issue will be dealt with properly, in accordance with the process provided under the law and the Federal Constitution," he added.

The bank said the branch will remain closed as it conducts a deep-clean of the premises, and will be opened when it receives the necessary clearance from health authorities.

Bank Negara Malaysia (BNM) did not cut the overnight policy rate (OPR) in yesterday's Monetary Committee Meeting (MPC), keeping the rate at 1.75% after four consecutive cuts since the start of the year.

Bank Negara Malaysia: Financial conditions have improved, although risk aversion remains elevated. The outlook is still subject to downside risks and uncertainty, primarily due to the risk of a resurgence of the pandemic and weaker labour market conditions.

In a written response to a question from Senator Datuk Ismail Ibrahim, Transport Minister Datuk Seri Wee Ka Siong said the government is in the midst of reviewing Section C of the alignment, which is the stretch from Mentakab to Port Klang, in respect of the original alignment which goes through Bentong and Gombak.

In a filing with the bourse, the REIT said its trustee RHB Trustees Bhd has entered into a sale and purchase agreement with Melewar Steel Services Sdn Bhd for the acquisition of a parcel of leasehold industrial land measuring 8,732.6 square metres on which the single-storey warehouse is situated.

Some 61% of Malaysians agreed with the court’s verdict against former premier Datuk Seri Najib Razak in his RM42 million SRC International Sdn Bhd case

The new infections comprise 15 imported cases, involving 11 Malaysian citizens and four non-citizens, and two local transmission cases with both involving Malaysians.