News about Malaysia

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

KUALA LUMPUR (July 23): The prosecution in former Malaysian External Intelligence Organisation (MEIO) director-general Datuk Hasanah Abdul Hamid's (pictured) criminal breach of trust (CBT) case informed the High Court of the possibility of calling protected foreign witnesses to testify in the trial.

KUALA LUMPUR (July 22): TRX City Sdn Bhd, a wholly-owned unit of the Minister of Finance Inc, has given IWH-CREC Sdn Bhd a four-and-a-half-month extension to pay the balance RM1.

KUALA LUMPUR (July 21): The Malaysian Aviation Commission (Mavcom) expects airfares on domestic routes to return to 2019 levels by November this year as available seating capacity is projected to return to normal, subject to the development of the Covid-19 pandemic, said Transport Minister Datuk Seri Dr Wee Ka Siong (pictured).

PETALING JAYA (July 21): Japanese homewares and lifestyle retailer Muji said that its business in Singapore and Malaysia will operate as usual despite the United States arm filing for bankruptcy protection, reported Channel News Asia.

  PETALING JAYA (July 20): A&W Malaysia has opened its latest outlet at Seventeen Mall in Section 17, PJ with a retro-themed concept.

KUALA LUMPUR (July 20): Senior representatives of Goldman Sachs Group Inc have flown into Malaysia this week to continue its discussions with the Malaysian government on the repatriation of 1Malaysia Development Bhd (1MDB) funds and assets into the country, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

KUALA LUMPUR (July 20): AmInvestment Bank Bhd (Ambank) maintained its “neutral” view on the property sector as its outlook for the next 12 months remains challenging due to the onset of the Covid-19 pandemic and the resulting Movement Control Order (MCO) to control its spread that has halted economic activities for almost two months.

KUALA LUMPUR (July 20): 320 facilitation fund projects worth RM14.

KUALA LUMPUR, July 16 -- The two-day Malaysia Virtual Travel Expo 2020 from August 22, 2020, could help boost the country's domestic tourism during the Recovery Movement Control Order (RMCO) period, said Tourism Malaysia Domestic and Events Division senior director Datuk Dr Ammar Abd Ghapar.