The motion of removing the speaker has been passed as a total of 111 MPs voted for the motion to remove Tan Sri Mohamad Ariff Md Yusof as the speaker, versus a total of 109 votes against the the motion.
Hong Leong's Malaysia property sector top picks are Sunway Bhd and Matrix Concepts Holdings Bhd.
The research house said it believes the cement sector in Peninsular Malaysia has turned the corner, with more rational competition among the players following a major industry shakeout in 2019.
RGM said this latest quarterly result was better than the estimate of negative 18.8% made in April 2020.
Bank Negara Malaysia slashed the OPR by another 25 basis points (bps) to a record low of 1.75% on Tuesday. With this, the rate has been cut by 125bps this year.
The total rental amount will be RM58.63 million for the tenure of 12 years.
“Khazanah has shown resilience and tenacity in these trying times to achieve significant progress in delivering on its mandate to grow Malaysia’s long-term wealth.
“It is these characteristics that will also enable us as a country to overcome the challenges posed by the Covid-19 pandemic.”
The dispute arose from a 2009 land sale agreement for the Jeju Airest City project, which was inked between South Korea’s Jeju Free International City Development Center (JDC) and Berjaya Jeju Resort Ltd (BJR).
He said Malaysia is fortunate to have a very diversified economy that does not depend on just one or two sectors
Cheras is now a yellow zone, along with Lembah Pantai (15 active cases), Titiwangsa (three active cases) and Kepong (six active cases) in the Federal Territory of Kuala Lumpur.
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