News by theedgemarkets.com

This follows a notice of additional assessment for 2018 amounting to RM1.81 billion, which TNB received from the IRB last Monday (July 13), the utility company said in a bourse filing yesterday.

Of the 15 new cases, 11 were local transmissions and the other four were imported cases.

Works for the RTS will commence in January 2021 after the relevant approvals have been acquired, with the project to be completed in 2026.

“According to the airlines, even though the government has relaxed the social distancing rules, flight ticket prices may not drop immediately. They must ensure there is continuous and stable demand before airfares can return to normal as seen before the Covid-19 outbreak."

In a bourse filing today, Yi-Lai, which mainly carries out manufacture and sale of ceramic and homogenous tiles, said it had been cited as the second defendant in Kuala Lumpur High Court Suit No. 285 filed on July 8, 2020 and served on the company yesterday by one Teng Kam Kheong.

The Sarawak-based construction and property firm had announced on Feb 28 that it was planning to raise between RM19.4 million and RM46.1 million via a renounceable rights issue of up to 576.4 million of irredeemable convertible preference shares (ICPS) at an issue price of 8 sen each and a conversion rate of 16 sen.

Sepang Member of Parliament (MP) Mohamed Hanipa Maidin said he treats Parliament Speaker Datuk Azhar Azizan Harun’s reasoning with the greatest respect, although the move is deemed absurd and not a good move. He said Azhar should not have written to the court on behalf of any MPs.

"Discussions are ongoing for a more targeted approach going forward, such as extending the repayment period, restructuring their borrowings and granting exemptions until the borrower stabilises."

"The updated valuation reports to be prepared by the respective independent valuers will take into consideration the effects of Covid-19 on the material properties of TA Group."

IGB REIT said: "The lower gross revenue, net property income and profit after taxation are mainly due to the rental support provided to tenants and lower car park income arising from the Covid-19 pandemic and resultant MCOs (Movement Control Orders)."