News by JUSTIN LIM

... despite the reintroduction of the MCO 3.0 in targeted areas, which is seen as a short-term blip to the recovery of the domestic economy.

"Neither has there been a discussion held with the government on the details."

BNM said the latest indicators point to continued improvement in economic activity in the first quarter of the year, and into April.

MARC has assigned a preliminary rating of AA-IS with a stable outlook to the sukuk programme.

Its revenue fell 17.37% quarter-on-quarter (q-o-q) to RM138.91 million from RM168.12 million, dragged mainly by lower construction activities and lower work progress for its property development projects, the company’s filing with the local bourse showed.

SCSB has taken over Welcome Global's shares in SESB and will develop the property on its own since the property is located within its development project at Sunsuria City, Sepang

On top of the disposal of the Jasin land worth RM260.2 million, the group attributed the better profitability to the positive contribution from its ongoing development, namely Emerald Hills and Emerald 9 in Cheras

Messrs HLB Ler Lum said the group’s and company’s current liabilities exceeded its current assets by RM108.37 million and RM309.19 million, respectively as of the financial year ended Dec 31, 2020 (FY20).

"We have survived with the pent-up demand; more vaccines being rolled out and with Covid-19 cases coming down, I think [consumers'] confidence will come back," Cheah said during a media briefing on the economic recovery.

Residential units made up almost all of the sales with a total of 5,736, including 2,467 units of two- and three-storey terrace houses, 1,225 units of serviced apartments and 1,082 units of apartments/condominiums.