News by theedgemarkets.com

COVID-19: MoH detects two sub-clusters in Kuantan with 20 infections including one death

Health director-general Datuk Dr Noor Hisham Abdullah revealed that the index case, patient No. 4,688, in the cluster has a traveling history to Bali, Indonesia. The person had close contact with his brother, patient No. 1,575 patient, who has died of Covid-19.

Patient No. 1,575 had infected seven persons in the second generation, and 11 individuals in the third generation.

13 April, 2020

COVID-19: Malaysia stays ahead of the curve with temporary winding-up protection for companies

On April 10, 2020, the Companies Commission of Malaysia firstly increased of the prescribed amount for the statutory demand to RM50,000. This debt threshold is not particularly high, especially for larger businesses. I do not expect this increased amount to make a significant difference for companies in debt.

Secondly, there was an amendment of the 21-day period in the CA 2016. The minister has substituted this for a six-month period. So, a debtor company now has a six-month window before there is an actual filing of the winding-up petition.

13 April, 2020
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