News by Wong Ee Lin

The subsidy amount, which was retained at RM600 per employee per month, is “insufficient for the industry to sustain”, said the association in a statement yesterday.

Its offices, construction sites and property sales galleries had been closed in compliance with the movement control order (MCO) that was effective from March 18, 2020, although the marketing of properties continued to be conducted digitally, the company said.

Under the property division, Hap Seng expects the property market sentiment to soften further as cautiousness in consumers’ spending is anticipated to heighten, amid the Covid-19 outbreak and the uncertainties of its aftermath. Nevertheless, the division is cautiously optimistic of the affordable residential property market due to the accommodative monetary environment.

On prospects, PPB said the present challenging operating environment will affect the group's film exhibition and distribution and property segments. Its other main business segments, however, are expected to perform satisfactorily, it said.

The commencement of work is in two phases, which will be from May 27, 2020 and Aug 27, 2020 respectively, according to its filing to Bursa Malaysia yesterday.

Both the works involve the construction and completion of subgrade earthworks and drainage, according to a filing to Bursa Malaysia today.

Both jobs, which are for 30 months — starting June 15, 2020 — are for the construction and completion of subgrade, drainage and culvert works on Section 6 of the ECRL, according to Ho Hup's stock exchange filing today.

In a statement issued today, GENM said its management team has volunteered to have salary reduction of up to 20%.

This marks the eighth consecutive loss-making quarter for the department store operator. The current loss-making quarter is the largest it has had since 4QFY17 with a net loss of RM96.03 million then.

Revenue came in 26.26% lower at RM4.11 billion versus RM5.57 billion previously, the group's stock exchange filing today showed.