“These are both trying and uncertain times. So we are seeking to alleviate our customers’ burdens as much as we can. Although compounding might be allowed for, we have elected not to do so in light of the pressing circumstances."
In a filing today, the group said Resorts World Genting, Resorts World Awana, Resorts World Kijal and Resorts World Langkawi will remain closed during the extended MCO period.
In his Facebook posting at noon today, he said none of the healthcare workers’ source of infection has been linked to the management or treatment of COVID-19 patients.
The 63-year-old-man passed away at 4am today.
Most of the group's property developments comprise industrial and commercial properties, such as Tiong Nam Business Park.
In a thematic note today, AmBank Group chief economist and head of research Dr Anthony Dass said the impact from this virus should taper by the end of the second quarter of 2020.
The latest measures by CapitaLand and CMMT aims to provide immediate cost and cashflow relief to the affected tenants, it said in a statement.
The property developer attributed the significantly increased profitability to contribution from higher margin projects, better performance by the property investment segment and overall administrative cost savings during the period under review, it said in a statement today.
Gamuda said its engineering segment’s profit rose due to greater profit from the construction of the MRT2 line. Meanwhile, its property development arm saw lower profits due to the higher upfront costs of newer townships in Malaysia.
“Malaysia is the largest producer of medical gloves in the world and we are duty bound to ensure enough gloves are supplied to the hospitals and to all healthcare givers, in their fight to stave off this pervasive virus. We are expected to deliver about 225 billion pieces this year, which is about 65 % of total world requirements of about 330 billion pieces.”
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