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Airbnb contributed RM3.98b to Malaysia's GDP, from 2015 to 2019
PETALING JAYA (Aug 12): Short-term rental activities have contributed as much as RM3.
Finance Ministry: We will be able to regenerate economy after Covid-19 is settled
KUALA LUMPUR (Aug 12): The Ministry of Finance said it is confident that Malaysia will be able to regenerate its economy after the Covid-19 crisis settles down, highlighting the country’s sovereign ratings which are “still at high levels”.
Covid-19 shutdown exposes Legionnaires' disease risk at CDC's buildings
ATLANTA (Aug 12): The US Centers for Disease Control and Prevention (CDC) has closed down several buildings it leases in in the city as Legionella bacteria have been found in the buildings’ water systems owing to the prolonged Covid-19 pandemic shutdown, reported CNN.
Bill seeking RM11.97b supplementary budget passes second reading in Dewan Rakyat
KUALA LUMPUR (Aug 11): The Supplementary Supply (2019) Bill 2020 has passed its second reading in the Dewan Rakyat today, amid a seemingly unanimous agreement for the bill to be brought to the committee stage tomorrow.
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No new infection found in Sivagangga and Kurau clusters, tests still ongoing
KUALA LUMPUR (Aug 11): There is no new case reported in both Sivangangga and Kurau clusters for today.
Putin: Russia has developed “first” Covid-19 vaccine
MOSCOW (August 11): Russia president Vladimir Putin said the country has developed the first vaccine which is believed to offer “sustainable immunity” against the Covid-19 virus, according to reports from Reuters and AFP.
Nine new Covid-19 cases as of noon Aug 11, no deaths
KUALA LUMPUR (Aug 11): Malaysia’s daily number of new Covid-19 cases fell back to a single digit of nine as of noon today after two consecutive days of reporting double-digit cases.
Three new mutated Covid-19 strains detected in South Korea
SEOUL (August 11): South Korea’s public health authorities have discovered three new mutated genome sequences of the novel coronavirus among imported cases-- two from Pakistan and one from Uzbekistan, reported Yonhap News Agency.
Malaysia 2Q20 GDP to decline 18.5% y-o-y, UOB says
KUALA LUMPUR (Aug 11): UOB Global Economics & Markets Research expects Malaysia’s real gross domestic product (GDP) to decline 18.
BNM’s Shariah Advisory Council issues ruling on Islamic loan restructuring, profit compounding
KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.
