C&CA lauds MITI’s quick decision for cement plant ops to resume
C&CA chairman Datuk Yeoh Soo Keng said in a statement that the association is appreciative of the Ministry of International Trade and Industry’s (MITI) prompt action on the matter.
Covid-19: Perlis first to be declared as green zone state
Health director-general Datuk Dr Noor Hisham Abdullah said 18 cases of Covid-19 have been reported in the state so far, and it currently has no active cases.
Govt extends MCO for third time to May 12
He also said the Government will loosen some restrictions, for example allowing students go back to their homes and letting those who are "trapped" in hometowns to return to the cities.
Covid-19: Daily recoveries top new infections again, reducing active cases to 1,966
This is the seventh consecutive day that Malaysia’s new Covid-19 cases are in the double digits, and is the eighth time since the Movement Control Order (MCO) started on March 18.
The Edge sends 35 ventilators, more PPEs to Sabah, Sarawak
The Resmed Astral 150 ventilators and Philips Everflow oxygen concentrators were bought with money donated by Corporate Malaysia and individuals to The Edge Covid-19 Equipment Fund, which has raised RM14.41 million to date.
COVID-19: Active cases in KL drop below 500-mark
More than half of active cases are in Lembah Pantai, which covers several parts of the downtown areas. There were 273 cases in Lembah Pantai, according to the Health Ministry.
CN Asia’s RM4m related-party land buy deemed fair and reasonable by independent advisor
In a circular to CN Asia shareholders today, Asia Equity Research said the purchase consideration is fair as the deal was made on a willing buyer-willing seller basis.
BNM expected to cut OPR by another 75 basis points: CGS-CIMB
CGS-CIMB economists Michelle Chia and Lim Yee Ping wrote in a note that the nation’s monetary policy is likely to become more accommodative and CGS-CIMB expects BNM to reduce the OPR by 50bps this May, followed by a further 25bps cut in the second half of 2020.
IGB REIT says IQ income affected by MCO, sees grim outlook
In a filing with Bursa Malaysia, the REIT attributed the lower income to the rental support provided to tenants, and lower car park income, arising from the Covid-19 pandemic and Movement Control Order (MCO) since mid-March.
Analysts upbeat on Sime Darby disposal of loss-making Tesco, say proceeds could be distributed as dividends
Affin Hwang Capital analyst Brian Yeoh: The potential divestment of Tesco Malaysia is a positive news for Sime as the hypermarket has been reporting continued losses since FY15 (financial year 2015) [except for FY18, likely due to one-off effects] due to intense competition from discount grocers and the growing e-commerce space as well as an increase in affluent customers.
