News about COVID-19

KUALA LUMPUR (March 26): AmBank Group Research said the coronavirus-induced recession is expected to place both the global economy as well as the Malaysian economy into technical recession.

KUALA LUMPUR (March 26): Capitaland Malaysia Mall Trust (CMMT) will provide a 14-day rental waiver to tenants who provide non-essential services across all seven Capitaland malls amid the Movement Control Order (MCO), the trust said yesterday.

PETALING JAYA (March 26): The government should consider giving tax waivers or rebates especially on Sales and Services Tax (SST) and corporate tax for small and medium sized businesses or SMEs as they will be among the hardest hit by the Movement Control Order (MCO) which is now extended a further two weeks to April 14, 2020 to stem the spread of the COVID-19 outbreak in Malaysia.

KUALA LUMPUR (March 26): With the Movement Control Order (MCO) in Malaysia extended for another two weeks to April 14, 2020 to curb the spread of the COVID-19 outbreak, property sales galleries will remain closed and construction works halted until then.

KUALA LUMPUR (March 26): Housing prices in Malaysia are under pressure and Malaysian homebuyers could pick up some real bargains soon as the property market turns sour with the current COVID-19 outbreak, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.

KUALA LUMPUR (March 25): The Malaysian Rubber Gloves Manufacturers Association (Margma) is warning of the possibility of there being a chronic shortage in medical gloves, despite the industry working on an overdrive to meet both local and international demands, amid the deepening COVID-19 outbreak.

KUALA LUMPUR (March 25): There has been another death due to COVID-19 this evening, bringing Malaysia's death toll to 20, said Health Ditector-General Datuk Dr Noor Hisham Abdullah.

KUALA LUMPUR (March 25): Office and industrial real estate investment trusts (REITs) in Malaysia are unlikely to offer free rental or rebates during the Movement Control Order (MCO) period currently in place in the country due to the COVID-19 virus outbreak.

PETALING JAYA (March 25): Prince Charles has caught the virus, confirmed Clarence House, his official residence in London, UK.

KUALA LUMPUR (March 25): New Zealand Prime Minister Jacinda Ardern today declared a state of national emergency as the country prepared to go into a complete lockdown at midnight for a month to stem the COVID-19 outbreak.