News about EC

The current downturn in the economy amid the Covid-19 outbreak has caused many new property launches to be delayed.

KUALA LUMPUR (June 12): The Berjaya Tioman Resort on Pulau Tioman in Pahang has announced that it will close permanently on June 15, the Malay Mail reported today.

KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

KUALA LUMPUR (June 10): Health director-general Datuk Dr Noor Hisham Abdullah broke into tears today when announcing the retirement of his deputy Datuk Dr Rohaizat Yon.

KUALA LUMPUR (June 10): Is the pandemic a boon to autocracy? In Malaysia, efforts to constrain the coronavirus have chipped away at the very democratic principles that for decades made the country a natural US ally and bastion of stability in a volatile region, Bloomberg reported today.

KUALA LUMPUR (June 8): Malaysia’s daily new cases of Covid-19 fell to a single digit with seven cases reported as at noon today, from 19 yesterday, bringing the country’s total positive cases to 8,329.

KUALA LUMPUR (June 8): The Malaysian Association of Hotels (MAH) has denied a report on Astro Awani of a surge in hotel room bookings within an hour of the announcement of the recovery movement control order (RMCO) yesterday.

KUALA LUMPUR (June 8): It is possible for the chain of infection of Covid-19 in Malaysia to be broken, but everyone has to follow the health and safety standard operating procedures (SOPs).

KUALA LUMPUR (June 7): As of noon today, Malaysia saw the number of daily new Covid-19 cases declined once more to 19, from 37 yesterday.