News about Malaysia

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.

KUALA LUMPUR (July 16): Parti Pribumi Bersatu Malaysia (Bersatu) has received nominations for Prime Minister Tan Sri Muhyiddin Yassin as a candidate for its party president and Perak Chief Minister Datuk Seri Ahmad Faizal Azumu as a candidate for deputy president.

KUALA LUMPUR (July 15): Berjaya Media Bhd (BMedia) will be delisted from the Main Market of Bursa Malaysia on Friday after Bursa Securities dismissed its appeal for an extension of time to submit its regularisation plan.

KUALA LUMPUR (July 14): Hong Leong Investment Bank Bhd (HLIB) has downgraded the Malaysian real estate investment trust (M-REIT) sector to neutral from overweight as the Covid-19 pandemic impairs REIT earnings across most assets.

KUALA LUMPUR (July 14): The prosecution had on Friday filed a notice of motion for forfeiture action against Tareq Obaid, PetroSaudi International Ltd, PetroSaudi Oil Services (Venezuela) Ltd, Clyde and Co LLP and Temple Fiduciary Services Ltd.