News by TheEdgeMarkets.com

Justice Mohamed Zaini Mazlan on Thursday allowed the transfer of the four charges involving criminal breach of trust (CBT), misappropriation of funds and money laundering of more than RM1 million due to “unusual questions of law that will arise” in the case.

UEM Sunrise said it recorded an operating loss in the current quarter as a result of lower revenue and foreign exchange losses of RM5.6 million due to weakening Australian dollars and South African rand.

The VTL-Land will begin with an initial quota of 1,500 daily travellers at the beginning stage, with weekly increments to follow.

The study further found that Sinovac’s Covid-19 vaccine was only 76% effective against breakthrough deaths after three to five months, falling from 79% two months after the primary series.

The group via its wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from Sime Darby Property for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for Development of Phase 1 (R10C, R10D and R10E), at Bandar Bukit Raja 2, Kapar district. 

In a statement on Monday, it said the 16 Covid-19 positive individuals had been isolated and quarantined, while deep cleaning and sanitisation will be conducted in the resort.

The exercise would allow the group to expand its existing customer base and widen its M&E engineering service offerings to include the healthcare services industry in Malaysia.

Berjaya Land said it will seek leave from the Federal Court on the recent Court of Appeal (COA) decision to cancel its STC plan. This case for the company against the Selangor state government — that had gone through two administrations since this went to the courts — had been ongoing since 2016.

Fitch Solutions said retail sales in Malaysia had yet to reach pre-Covid-19 levels in 2021, owing to the significant impact that Covid-19 had on the capacity of retail operations, as well as disposable incomes of households.

The decision to withdraw the appeal at the Federal Court was made despite the fact that the Court of Appeal's decision to acquit him was not unanimous.