News by THEEDGEMARKETS.COM

"Management shared that during CMCO/RMCO, footfalls and tenants sales growth in their malls has shown some encouraging recovery signs, although their renewal has been hampered with negative double digit rental reversion.”

It is expected that the Covid-19 pandemic will continue to affect the group’s businesses, as the spread and development of the virus has created significant uncertainty over when authorities in the relevant cruising markets will allow resumption of the cruise travel.

Khairy Jamaluddin said that the application by Lynas will be evaluated and processed by the Environmental Department, whereby a public display will be done once the EIA is carried out.

This is on top of the new stores that had opened in the mall during the RMCO (Recovery Movement Control Order) period — which began on June 10 and is supposed to end on Aug 31 — including the new Adidas flagship store, Brunello Cucinelli and Calia in June 2020; meanwhile, Dior and Karl Lagerfeld opened just last month (July 2020).

The two new cases today are the lowest daily figure of new cases recorded since July 16, when three new cases were reported.

During the cross-examination by defence counsel Wan Aizuddin Wan Mohammed today, Shahrol maintained that he was not aware of the schemes at the material time, but conceded that it was a fraud in hindsight.

The current alignment of the ECRL, which links Kota Baru to Port Klang, is slated to cost RM44 billion — or RM64 million per km. 

Speaking in the Dewan Rakyat today, Mohd Shahar said there was an additional RM9 billion GST refund claimed by businesses, on top of RM19.4 billion that had been claimed and processed previously.

“Daniel Lim will be responsible for the overall strategic development and direction of the property business and drive positive growth of one of Naza Group’s core businesses,” said Naza TTDI deputy executive chairman cum group managing director SM Faliq SM Nasimuddin in a statement today.

Najib had already been found guilty by the High Court of all seven charges of abuse of power, criminal breach of trust and money laundering in relation to RM42 million belonging to SRC International Sdn Bhd, a former subsidiary of 1MDB.