The Marina View landbank is intended for mixed development, largely comprising residential units and a 540-room hotel with the balance for commercial units.
Group revenue rose q-o-q to RM214.33 million from RM210.28 million.
The FMM also urged the government to standardise the thousands of SOPs into “activity based” SOPs such as indoor or outdoor in this regard.
In line with global commitment towards ESG, many global businesses will exclude companies that are accused of engaging in forced labour practices and modern slavery from the supply chain.
Abdul Wahid noted no one anticipated the global Covid-19 pandemic to hit the world this badly; Malaysia is obviously not spared with its GDP contracting by 5.6% in 2020.
... and it is estimated to chart better growth for 2022.
Today's new confirmed cases brought the country's total number of Covid-19 cases to 1.81 million
Syed Hizam has been suspended since May to facilitate investigations into allegations of possible financial mismanagement in relation to the group’s investments and operations.
It is also worth noting that its financial performance in 2QFY20 was dragged by an impairment recognised for completed property inventories totalling RM50 million.
On prospects, Guocoland expects it to be challenging due to reduced consumer capital spending in response to the raging pandemic, coupled with large overhang of unsold properties
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