GDB tendering for RM2.8b projects
In a statement, GDB said its construction tender book as at today amounted to RM2.4 billion, comprising residential, mixed developments and offices.
Malaysia April unemployment rate spikes to 5% — highest since 1990
Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the closure of operations for most businesses during the Movement Control Order (MCO) has impacted employment and job seekers could hardly find jobs.
Proton cars now cost 1.2%-5.7% lower
Proton said these prices will be effective for the duration of the incentive period of six months from June 15 announced by the government as a measure designed to boost the economy as the country emerges from its Covid-19-induced lockdown.
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Recovery MCO phase augurs well for tourism, says hotels association
Malaysian Association of Hotels (MAH) said it had published its base guidelines on May 1 to guide hotels into the new norm of hotel operations.
MATTA seeks details of mechanism of RM1b Penjana Tourism Financing
In a statement, MATTA president Datuk Tan Kok Liang said the association wants details of the mechanism of the PTF facility, where "we are looking at extremely low interest rates or interest-free loans for digitalisation under the new norm where most procedures and sales are contactless, and are also done extensively through e-marketing platforms".
MTUC raises concerns over scant details of Penjana
In a statement, MTUC secretary-general J Solomon said MTUC fears that, similar to the previous Prihatin stimulus packages, Penjana will fail to live up to its lofty promises on ensuring workers are protected.
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Ho Hup to allocate substantial part of ECRL contracts to local vendors
Ho Hup chief executive officer Datuk Derek Wong Kit Leong said the firm was delighted to secure the sizeable contract during the current highly challenging Covid-19 pandemic period, when businesses across the economy had been badly affected.
CCC-ECRL donates medical supplies to locale along alignment
CC-ECRL managing director Bai Yinzhan said while the company has placed various precautionary and preventive measures to ensure the health and safety of its staff and work sites, it continues to create value and give back to society.
Demand to stay weak even after MCO is lifted, says AmBank Research
Apart from revenue loss, they will be impacted by poor credit standings.
COVID-19 to place Malaysian economy into technical recession, says AmBank
In a thematic note today, AmBank Group chief economist and head of research Dr Anthony Dass said the impact from this virus should taper by the end of the second quarter of 2020.
