News by THEEDGEMARKETS.COM

“It is also the first time in the over six-decade history of the Malaysian Parliament that a session will be held without a full meeting,” they said.

The movement control order (MCO) since March 18, 2020 has impacted the group’s construction and property development projects, with the sudden suspension of its ongoing activities.

As the group expects economic activities to take some time to recover, it is revising its sales target for the full year ending Dec 31, 2020 (FY20) to RM3.8 billion, from RM4.55 billion previously.

Following the completion of Merdeka PNB 118 in four years, the country's largest asset manager would focus on its role as asset allocator.

Of the new cases, 31 involved foreign nationals, according to health director-general Datuk Dr Noor Hisham Abdullah in a statement today.

This is according to the Federal Government Gazette that has been published.

The Melaka-based group, which is involved in property development, property investment, hospitality, retail and education, will also implement a 30% pay cut for employees firm-wide, while some will be on unpaid leave for six months starting May 1.

Subject to Riza returning part of the loot which amounts to “several millions of ringgit”.

"But if Malaysians work together and collectively practise social responsibility and social discipline by complying with the SOP, we can reduce the R0 further and reduce [the number of new] cases to one figure.”

With the two new deaths, the death toll in the country stands at 111, representing a mortality rate of 1.64%.