In its 2020 annual report, KLCC REIT chairman Tan Sri Ahmad Nizam Salleh said the second Movement Control Order, which came into effect on Jan 13, 2021, is expected to delay recovery in the retail and hospitality sectors.
Under the moderate reform scenario, Malaysia's GDP growth rate is expected to fall to 2.9% by 2050.
The group is currently involved in the assembly and sales of new and rebuilt commercial vehicles and property development.
Paramount Corp Bhd group chief executive officer Jeffrey Chew: Interest rates have come down and hopefully will stay low, prompting people to start buying properties.
The number of persons who were reported today to have recovered from Covid-19 stood at 3,251.
The Ministry of Health (MoH) said the Covid-19-related deaths reported today brought the total number of fatalities in the country due to the pandemic to 1,121 so far
Apart from the lower revenue, other factors contributing to the lower profit before tax (PBT) included additional project-related and compliance costs arising from the Covid-19 pandemic, the property developer's bourse filing showed.
Construction segment for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.
Revenue increased 10% to RM4.59 billion from RM4.18 billion in 1QFY21.
Selangor reported the highest number of daily new cases at 1,757, more than double yesterday’s 862 cases.
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