News by THEEDGEMARKETS.COM

Works Minister Baru Bian said CIDB had issued a stop-work order for construction works on Feb 15 to facilitate the investigations, including sample collection of construction materials for standards compliance tests.

In a bourse filing today, Seacera said Duta Skyline was yesterday (Feb 17) served with a statement of claim and writ of summons by IRB. Duta Skyline holds assets of more than 70% within the Seacera group.

Counsel Datuk Akberdin Abdul Kader told Madinah that she appeared to believe that the solar hybrid gensets proposed by Jepak Holdings Sdn Bhd were not suitable as some of the schools are located in areas covered by deep forests where sunlight may be blocked.

The property developer posted a net profit of RM18.76 million in 3QFY20 compared with a net loss of RM8.76 million a year ago. As a result, it recorded an earnings per share of 1.31 sen for 3QFY20 from a loss per share of 0.67 sen for 3QFY19.

However, she did not express her reservations despite her ministry being instructed by the former prime minister, Datuk Seri Najib Abdul Razak, to implement the project speedily.

560,901 close contacts had been tracked, while 141,552 people were under medical observation.

"After careful consideration of the opinions of many shareholders, we regret that we will not continue our participation in the Osaka IR project going forward.

According to the notice dated Feb 17 and issued by the pilgrims fund's hospitality arm TH Hotels & Residence Sdn Bhd (THHR), the move will take effect starting April 1, 2020.

It said the reason for the termination is the breach by the vendor, The Aston Holiday, of certain terms in the sale and purchase agreements (SPAs) whereby the market values of the properties have been devalued as a result of the removal of various fittings, furnishing and/or furniture in and on the properties.

Its chief executive officer (CEO) Philip See said this would particularly affect the Singapore and domestic business routes, but overall the airline remains confident of a strong passenger growth in 2020.