The flattish bottom line comparison was supported by growth in its pharmaceutical business and plantation, while losses widened in three segments — property and industrial; heavy industries; and trading, finance and investment.

For the first half FY20, Genting posted a cumulative net loss of RM918.37 million against a net profit of RM1.16 billion a year ago.

"Tan Sri Lim Kok Thay, the chairman and chief executive/non-independent executive director, has been redesignated as the deputy chairman and chief executive of the company with effect from 27 August 2020," Genting Malaysia said in Bursa Malaysia filing yesterday

MRCB impaired RM197 million worth of its contract assets, trades and other receivables it believes "will be impacted as a result of the pandemic from some of the group’s completed construction projects in the quarter under review".

Built on a 4.3-acre land with a total estimated gross development value (GDV) of RM66.92 million, Irina comprises 394 units with built-ups ranging from 750 sq ft to 1,000 sq ft. The project is expected to be completed in 2023.

Ministry of Health (MoH) Director-General (DG) Tan Sri Dr Noor Hisham Abdullah: With the 16 recoveries today, this means 8,994 or 96.8% of Covid-19 patients have recovered so far.

Chief executive officer Datuk Sulaiman Mohd Tahir: We think there should be another cut, the question is how much is the cut? The range [we expect] is about 25bps or as much as 50bps in the near term.

The stock surged as much as 38% to hit its intraday high of 73 sen in early trade today. At 4.14pm, the stock was trading at 63 sen, bringing a market capitalisation of RM272.81 million. A total of 61.4 million shares changed hands.

Lim Guan Eng: Most of the projects that were procured through direct negotiations were not PH initiatives, but were projects inherited from the former Barisan Nasional administration. The PH government then had instead lowered the cost for some of the projects (projects that were necessary).

In the event that he is not able to pay the fine by tomorrow, he faces 18 months' imprisonment.