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Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.

Titijaya said that the expected losses arising from the winding-up proceedings are approximately RM500,000.

Landmarks said it is of the view that there will be no material impact to its business, both financially and operationally, in view that it has no other outstanding loans or facilities with any other banks or financial institutions.

Commenting on the outlook for the property market this year, Napic director Aina Edayu Ahmad said it depends on market sentiment, especially from property developers and households.

“The sector will continue to be weighed down by oversupply and the declining price affordability, as rising interest rates and inflation bite into consumers’ spending power, let alone high-ticket purchases.

Datuk Seri Azalina Othman Said said the current unity government takes all Felda matters seriously, including the construction of homes for second and third generation Felda settlers, which have been abandoned.

Arica is a 380-unit freehold serviced apartment development, offering unit built-ups ranging from 947 sq ft to 1,259 sq ft and priced from RM800,000.

“Further details regarding the implementation of this initiative will be announced by the EPF at a later date.

Nexgram had signed the agreement in September last year to acquire the 218-room Wings By Croske Resort Langkawi from Croske Hotels Sdn Bhd and Flyboys Club Sdn Bhd via the issuance of convertible preference shares.

Thursday's decision to maintain the OPR at 2.