Nestlé Malaysia moves HQ to 1 Powerhouse in Bandar Utama
KUALA LUMPUR (May 20): Nestlé (M) Bhd (Nestlé Malaysia) has moved its corporate headquarters to 1 Powerhouse, Bandar Utama from Surian Tower in Mutiara Damansara.
FMM calls for stricter Covid-19 prevention SOPs instead of total lockdown to avert 'irreparable damage' to economy
KUALA LUMPUR (May 20): The Federation of Malaysian Manufacturers (FFM) relayed support for stricter standard operating procedures (SOPs) to prevent the spread of Covid-19 and its opposition over a total lockdown, asserting that it will "cost irreparable damage" to the economy.
Y&G slapped with UMA query after share price hits limit up again
KUALA LUMPUR (May 20): Property developer Y&G Corp Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia, after its share price hit limit up again today.
No more Covid-19 green zones in Peninsular Malaysia
KUALA LUMPUR (May 19): There are no more green Covid-19 zones in Peninsular Malaysia, the Ministry of Health (MoH) said in a tweet today on Malaysia’s Covid-19 cases across the 14-day period as at May 18.
Selangor Health Dept admits situation challenging at MAEPS quarantine and treatment centre, amid surge in Cat 3 Covid-19 patients
KUALA LUMPUR (May 16): Amid complaints of poor conditions and inadequate facilities provided at quarantine centres, the Selangor Health Department admitted today that the situation at Covid-19 Integrated Quarantine and Treatment Centre (PKRC) at the Malaysia Agro Exposition Park Serdang (MAEPS) 2.
BNM: Malaysia 1Q GDP registers smaller on-year decline of 0.5% on domestic demand, export improvement
KUALA LUMPUR (May 11): The Malaysian economy, as measured by gross domestic product (GDP), registered a decline of 0.
Gamuda confirms plan to sell four highway concessions to govt
KUALA LUMPUR (May 11): Gamuda Bhd confirmed yesterday that it is currently in talks with the government to put forth its proposal to sell its four highway concessions to a private highway trust.
Finance Ministry confirms 1MDB, SRC filed civil suits for a combined US$23b, as per The Edge report
KUALA LUMPUR (May 10): The Ministry of Finance (MoF) has confirmed the filing of 22 suits by 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd for the recovery of assets with a total in excess of RM96.
Malaysia hotel industry losses RM135m during Ramadan last year
PETALING JAYA (May 10): At least RM135 million of revenue in the food and beverage segment were evaporated during last year’s Ramadan period, due to the implementation of movement control order (MCO), according to Malaysian Association of Hotels (MAH).
Affordable homes: Foundation proposes two-generation loans plan
KUALA LUMPUR (May 8): The Better Malaysia Foundation (BMF) recently proposed to allow 100% financing for two-generation loans and for the government to guarantee such loans to enable the B40 group to own homes, reported The Edge Malaysia.
