Editor's Pick

BN wins landslide victory in Chini

BN candidate Mohd Sharim Md Zain, 41, garnered 13,872 votes to defeat his two independent contenders, Tengku Datuk Zainul Hisham Tengku Hussin, 64, who polled 1,222 votes and Mohd Shukri Mohd Ramli, 49, who only managed to secure 137 votes.

What ails the Malaysian residential property sector

Over the last few years, the Malaysian property market has been characterised by sluggish sales and a rising number of unsold homes. Developers are sitting on large stocks of inventories, which are stretching their balance sheets, funded by borrowings from banks, and the debt and capital markets, including issuing perpetual securities. The sector’s poor outlook is reflected in the low valuation of property stocks, most of which are trading at around one-third book value.

How did this situation come about?

MTUC to BNM, MoF: Compel banks to extend loan moratorium or see record forfeitures

MTUC secretary-general J Solomon: The official statistics clearly show that many workers have been rendered unemployed due to the economic downturn caused by the Covid-19 pandemic. The opening up of the economy is an ongoing albeit slow process and it will take time for workers to get back on their feet and service their loans.

Public encouraged to visit cinemas, support local film industry

Communications and Multimedia Minister Datuk Saifuddin Abdullah said moviegoers need not worry as cinema companies were ready to adhere to strict guidelines for the safety of the audience, such as maintaining social distancing and the sanitisation of seats.