The Building Industry Presidents’ Council said “it is good” that the Covid-19 Act has temporarily suspended “contractual rights under Part 2 of the Act in order to allow all parties to review their respective positions and consider the best way to move forward”.

CGS-CIMB Securities said the contraction in the country's Gross Domestic Product (GDP) moderated significantly to 2.7% year-on-year (y-o-y) in 3Q as economic activity rebounded strongly on a sequential basis following the transition to the Recovery MCO (RMCO) in June.

"This is expected to stimulate and inject domestic spending consistently and in turn create a multiplier effect, especially for industries linked to the tourism, arts and culture sectors."

Health director-general Tan Sri Dr Noor Hisham Abdullah said, however, the contagion was still under control with the implementation of the Conditional Movement Control Order (CMCO) in the area since last month.

“Our key focus for the next two months would be on the swift conversion of these bookings into sales, and hence, we believe we have a fair chance to achieve our sales target of RM3.8 billion set for this financial year,” S P Setia president and CEO Datuk Khor Chap Jen

The second-highest figure reported in a day

He also advised Hindus to celebrate the festival of lights by not shaking hands or gathering in large groups and to practice physical distancing.

Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus: While it [a blanket moratorium] puts money in people's pocket in the short term, it creates a lot of economic distortions and has a negative impact on the economy.

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus: As domestic economic activities resume and external demand picks up, broad income conditions should also improve gradually and support spending

Datuk Chang Kim Loong: Virtual meetings bring a host of benefits and ideally shall remain an option even after the pandemic has been controlled. Virtual meetings could also encourage more people to take part in general meetings as they are just a few clicks away.