KUALA LUMPUR (Jan 27): KLCC Stapled Group posted its first ever quarterly net loss on record after impairment and fair value changes on investment properties weighed on its financials.
It posted a net loss of RM41.84 million for the fourth quarter ended Dec 31, 2020 (4QFY20), compared with a net profit of RM156.66 million in the preceding quarter and a net profit of RM244.41 million in 4QFY19.
In a filing today, the stapled security, which includes KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (REIT), attributed the loss to a fair value loss on investment properties of RM142.34 million and an RM81.4 million impairment of its ongoing development of Kompleks Dayabumi Phase 3.
ABCDEFG SEOUL, Jan. 25 (Yonhap) An exhibition highlighting South Korea s close relationship with the 10 member states of the Association of Southeast Asian Nations (ASEAN) will take place online next month, organizers said Monday. The 2021 National Brand Up Exhibition, to be co-organized by the nongovernmental organization Voluntary Agency Network of Korea (VANK) and Yonhap News Agency, South Korea s key newswire, will be held from Feb. 18-25, under the theme of Korea s friend ASEAN and ASEAN s friend Korea. Yonhap and VANK, which internationally promotes South Korea and its history online, have co-hosted the exhibition since 2009 to help increase awareness about the country s national and cultural brand.
KUALA LUMPUR - Malls and streets in the Malaysian capital were quieter than usual on Wednesday (Jan 13) as fresh nationwide movement restrictions kicked in to stem the spread of Covid-19, which saw new cases hit a record 3,309 on Tuesday.
Five states - Melaka, Johor, Penang, Selangor and Sabah - and the federal territories of Kuala Lumpur, Labuan and Putrajaya are now under the movement control order (MCO).
Only essential services in these areas are allowed to operate, and restaurants can open just for takeaways and deliveries.
Only two people per household can go out for groceries, and within a 10km radius from home. Inter-state and inter-district travel is no longer allowed. Anyone breaching these rules can be fined up to RM1,000 (S$330).
Dateline Southeast Asia - January 12 to 18, 2021
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What you need to know
The crash of Sriwijaya Air Flight SJ 182 on Saturday, January 9, with 62 people on board, compounds the list of mishaps Indonesia is facing in a period of pandemic. The archipelago, the most populous in Southeast Asia, also owns the ignominy of being the country with most COVID-19 fatalities
In other countries in the region, the race is on to acquire coronavirus vaccines and fast-track vaccination programs.
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