Under the new accounting standard, borrowing costs will not be capitalised for unsold units.

The 48% increase in steel prices had put additional pressure on many contractors still reeling from revenue losses due to the Covid-19 pandemic.

The facility will be available until Dec 31, 2021 or full utilisation, whichever is earlier.

He said large dining events in conjunction with the festival were also limited to family members living in the same household, besides house-to-house visits, inter-district or interstate travel to visit family members and friends were also not allowed.

“Lee’s background and experience in the property industry has been a great asset for our group in the planning and development of our signature townships.”

Active cases currently stand at 48,771

Muhyiddin stressed on the need for strict SOP compliance in factories, construction sites, workers’ hostels and accommodation as well as workplaces. 

“Similarly, the government would also be looking at the tax treatment, zero-rating exemption and setting the right threshold for businesses to register."

Affin Hwang Capital chief economist Alan Tan: Assuming if the MCO 2.0 were to drag on beyond Feb 18, the assumption would be that there would be some drag on the economy

Kuala Lumpur was the second highest at 1.12, followed by Labuan (1.11), Terengganu and Selangor at 1.10 each, Sarawak (1.03) and Pahang (1.01).