Based on the recent statistics shared by the Construction Industry Development Board Malaysia, since the implementation of MCO 3.0, out of the total inspected construction sites, only 19% were found to be operational.
The inspection report by the engineering firm in 2018 discovered major structural deterioration in the parking garage beneath the 40-year-old Champlain Towers South.
In a recent tweet, the prime minister’s special advisor on public health, Tan Sri Dr Jemilah Mahmood has urged for the guidelines on ventilation in enclosed spaces to be implemented.
Four of Australia’s eight capital cities, including Perth, Brisbane, Sydney and Darwin, are now under lockdown after seeing an increasing number of cases linked to the Delta variant.
We urge the government to extend the automatic bank loan moratorium for all companies irrespective of size and give the option to those that do not require the assistance to opt-out, said FMM
Other than Malaysia, the rating agency also reduce the growth forecasts of other top economies in Asia including India and the Philippines. India's growth projection downgraded to 9.5% from 11%; the Philippines' lowered to 6% from 7.9%.
"I would have chosen a targeted approach whereby banks are incentivised to keep alive only those loans that have a chance of repayments in the future."
Muhyiddin announced a six-month blanket loan moratorium under the PEMULIH initiative to be given to all individual borrowers equally.
They have forwarded many submissions pointing out that the threshold to exit each phase is arbitrarily based on set absolute numbers of Covid-19 cases without any scientific basis.
In a separate report by CNA in 2018, owners of the oceanfront condominium units were informed that the major repair of the building will cost at least RM37 million.
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