Govt to part-subsidise salary of affected businesses, with conditions
This measure will take up RM5.9 billion from the government’s RM250 billion economic stimulus package to address the impact of the COVID-19 outbreak that he announced today.
CMMT provides 14-day rental waiver to non-essential services tenants
The latest measures by CapitaLand and CMMT aims to provide immediate cost and cashflow relief to the affected tenants, it said in a statement.
BNM allows banks to tap into capital buffers amid COVID-19
“The banking system is facing these challenges from a position of strength, with excess capital buffers above the minimum regulatory requirement of RM119.7 billion as at end January 2020,” said BNM.
Shopping mall industry could lose over RM750m during 14-day MCO: Association
The estimate includes super-regional malls, regional malls, neighbourhood malls, premium outlets, and shops that are allowed to stay open during this period, and excludes stand-alone hypermarket centres or supermarket centres in the street.
No defence against MCO for REITs
The immediate concern is the impact of the MCO on rental payments among tenants, as well as the possibility of the partial lockdown being extended beyond March.
Singapore to provide accommodation for Malaysian workers during MCO
“We decided that all our workers in [Singapore] will continue with work, and the Singapore government has agreed to prepare their accommodation for two weeks.”
Army mobilised to help enforce MCO from Sunday
The decision was made following a National Security Council meeting this morning, Ismail Sabri said in a press conference today.
ELITE’s Ebor entry toll resumes operations
This follows the completion of the sanitisation and cleaning processes at the location as at 1.30pm yesterday.
HR Ministry: Employers must continue to pay full salary, allowance to all workers during partial lockdown
Employers are also not allowed to force workers to use their annual leave or unpaid leave during this period, as the movement restriction was made under the Prevention and Control of Infectious Disease Act 1988.
Perak escaped COVID-19 patient fake news: MoH
In a statement today, the hospital’s director said that the news, which alleged that a lady patient of Chinese ethnicity had fled the premises, is not true.
