News by THEEDGEMARKETS.COM

“Although OIB is known for developing residential and commercial projects, we have been looking for opportunities to diversify," said OIB Group general manager of sales and marketing Wendy Lim.

Pending further developments within this period and further consultations with the Ministry of Health, Pecca Leather Sdn Bhd aims to resume production operations no later than Dec 28.

“Following the easing of movement restrictions in early May 2020, works at all construction and property projects gradually picked up pace while traffic plying the expressways were returning to pre-movement restrictions level.”

This means that while countries like Britain, the US and Canada have already approved the Pfizer-BioNTech vaccine and are now carrying out vaccination exercises on their citizens, Malaysians, from the looks of it, will need to wait at least a few more months before anyone can get their shots.

They include consumer electronics player Panasonic Manufacturing Malaysia Bhd, condom manufacturer Karex Bhd, and electronics manufacturing service provider ATA IMS Bhd.

Karex said the affected catheter facility is closed temporarily for disinfection and sanitisation processes and is expected to resume operations in stages beginning Dec 25.

Following this surge of new cases, the current number of active cases — meaning those who carry high transmission risks — breached the 16,000 mark for the first time with 16,496.

“The safety and well-being of our workers and employees as well as our community is of our utmost priority towards containing the situation. We have and will continue to adhere to the Covid-19 preventive standard operating procedures (SOPs) on a stringent basis,” said Panasonic.

He is sentenced to 12 months' jail and a fine of RM2 million, or in default six months' jail. But the High Court granted him a stay of execution of both sentences. He is expected to file an appeal.

“KSK Land is positive on the post-pandemic outlook for the hospitality industry, where long-lasting brand prestige and value of luxury hotels such as Kempinski will still prevail among discerning travellers. Travel and tourism will see a recovery and rebound by then when the 8 Conlay Kempinski Hotel & Residences is completed in 2023,” said KSK Group chief executive officer (CEO) and KSK Land managing director Joanne Kua in a press release today.