MRCB diversifying earnings for recovery

“Our strategy coming into 2020 had been to reduce our concentration risk in Malaysia, with TOD making up 80% of our total GDV of RM32bil. But we could not pursue this because of the outbreak of Covid-19, which distracted us with business discontinuity and other issues that required our attention, ” MRCB's chief corporate officer Amarjit Chhina (pic) tells StarBizWeek.

AFTER a challenging past year, which saw its earnings take a hit due to Covid-19, Malaysian Resources Corp Bhd (MRCB) is now gearing up for recovery.

Chief corporate officer Amarjit Chhina says as the group adapts to the pandemic’s disruption, it will be looking “to reduce concentration risk in Malaysia” where it has carved a name as an urban high-rise developer and a pioneer in transit-oriented development (TOD).