GuocoLand suffers eighth consecutive loss-making quarter
KUALA LUMPUR (May 18): GuocoLand (Malaysia) Bhd’s net loss widened to RM10.
World Bank cuts Malaysia 2020 GDP target to -0.1%
KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.
Canadian athletes will not compete at Tokyo 2020 Games due to COVID-19 risks
KUALA LUMPUR (March 23): The Canadian Olympic Committee (COC) and Canadian Paralympic Committee (CPC) said they will not send athletes to compete in Tokyo if the Games — set to begin July 24 — go ahead as scheduled, the CBC reported yesterday.
MAH: Hotels struggle to survive, with VMY2020 cancelled
PETALING JAYA (March 19): Hotels are now focusing on mere survival as the industry faces a gloomy outlook for the rest of the year, with the Visit Malaysia 2020 (VMY2020) campaign now cancelled.
MAH clarifies: Hotels listed as essential services but cannot operate as normal
PETALING JAYA (March 18): In a bid to contain COVID-19, President of Malaysian Association of Hotels (MAH) Kamaruddin Baharin advises hotel operators to limit the movement of people in line with the Restricted Movement Control order until March 31.
ICAEW: Malaysia’s 2020 GDP growth to slow to 3.7% amid COVID-19 situation
KUALA LUMPUR (March 12): Economic growth in Malaysia is expected to slow to 3.
SEMICON Southeast Asia 2020 postponed to August
KUALA LUMPUR (March 5): US-based Semiconductor Equipment & Materials International (SEMI) is postponing SEMICON Southeast Asia 2020, the region’s premier event for the global electronics manufacturing supply chain, from May 12-14, 2020 to Aug 11-13, 2020.
Forbes: Wealth of Malaysian tycoons falls for second year in a row
KUALA LUMPUR (March 5): Forbes Asia said the wealth of Malaysia’s 50 richest on the 2020 Forbes Malaysia Rich List fell for the second consecutive year amid a weaker ringgit and the decline in the FBM KLCI.
MIDF offers financial relief to clients amid COVID-19 outbreak
KUALA LUMPUR (March 3): Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist clients in dealing with the expected economic growth slowdown due to the COVID-19 outbreak.
S&P: Malaysia’s broader economic outlook could weaken if political impasse persists
KUALA LUMPUR (Feb 28): Malaysia’s broader economic outlook could weaken if significant uncertainty over the formation of the new government continues for long, said S&P Global Ratings.
