The survey, carried out to evaluate impact and measures to mitigate the MCO, involved over 100 respondents, 39.2% of which are multinational corporations (MNCs) and the other 60.8% small and medium-sized enterprises (SMEs).

To date, the government has announced about RM21 billion assistance under its stimulus package and additional allocations to address the economic risks associated with the pandemic that has hit Malaysians, both individuals and corporates.

This comes as Malaysia just reported four new fatalities from the illness since yesterday noon, which has pushed the death toll to 23, out of a total of 2,031 positive cases so far.

Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob: Not only are locals and visitors not allowed to enter the two areas during the enhanced movement control order period, all business activities are also halted. Basic food for 14 days will be provided for all locals by the Community Welfare Department.

To allow Liew to “lead the Group in overcoming present market challenges and to take advantage of opportunities that will undoubtedly present themselves in every crisis”.

In his Facebook posting at noon today, he said none of the healthcare workers’ source of infection has been linked to the management or treatment of COVID-19 patients.

There were 16 recovered COVID-19 patients who were discharged Thursday, bringing the total to 215 recoveries.

MIPFM president Adzman Shah Mohd Ariffin: Most property management businesses are in the SME category and are operating at competitive fees with slim margins, and some are already facing delayed payments from clients.

Property developers may have a slight buffer from unbilled sales to cushion the near term impact of the MCO but those with high gearing and bad credit record are in a precarious situation, said RHB Research Institute senior analyst Loong Kok Wen.

The Movement Control Order imposed by the government to stem the spread of the COVID-19 which began on March 18 until April 14 (extended from the initial date of March 31) will see many sectors including the property sector struggling because of limited business activities.