News about Malaysia

KUALA LUMPUR (March 25): The Association of Banks in Malaysia (ABM) said its member banks are currently working out the full details of the proposed six-month moratorium on loan repayments to ensure they will be efficiently executed with minimum inconvenience to customers.

KUALA LUMPUR (March 25): The Ministry of International Trade and Industry (MITI) said companies producing essential goods that have obtained the ministry’s approval can continue operations, as the approval will remain valid throughout the extended Movement Control Order (MCO) period ending April 14.

PETALING JAYA (March 25): Malaysian non-governmental organisations (NGOs) have banded together to prepare free lunches for the B40 group who have been affected by the current Movement Control Order (MCO), the Malay Mail reported today.

KUALA LUMPUR (March 25): As Malaysia entered day eight of the two-week long movement control order, police today revealed that at least 110 people have been arrested for defying the order, the Malay Mail reported today.

KUALA LUMPUR (March 25): The Malaysian Trades Union Congress (MTUC) has welcomed Bank Negara Malaysia (BNM)’s directive to financial institutions to provide a six-month reprieve on loan instalment payments amid the economic fallout of the COVID-19 pandemic.

KUALA LUMPUR (March 25): Prime Minister Tan Sri Muhyiddin Yassin in an announcement today said the movement control order (MCO) was being extended to April 14 to curb COVID-19 spread.

KUALA LUMPUR (March 25): Health director-general (DG) Datuk Dr Noor Hisham Abdullah announced another death from COVID-19 today that was reported to the National Crisis Preparedness and Response Centre (CPRC), bringing the death toll in Malaysia to 17.

KUALA LUMPUR (March 25): Assuming the movement control order (MCO) is extended for another two weeks to contain the spread of the COVID-19 pandemic, Malaysia's real gross domestic product (GDP) may shrink by about 2.

KUALA LUMPUR (March 25): The two brothers of the Shamsuddin family, Tan Sri Shahril Shamsuddin and Datuk Shaziman Shamsuddin of Sapura Holdings, have come forward to donate RM1 million to help fight the COVID-19 heath crisis.

KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.