News about Malaysia

Although market sentiment is generally bearish owing to the Covid-19 pandemic and economic slowdown, Malaysia has been able to fend off the worst thus far, thanks to its strong fundamentals and the government’s efforts to bolster the economy.

The current property market downturn in Malaysia has pushed property developers to offer myriad attractive packages, freebies and even financial assistance to lure purchasers.

KUALA LUMPUR (Aug 6): The local Chinese business community remains gloomy on this year’s economic outlook, but over two-thirds of them feel they can survive the challenges brought about by the Covid-19 pandemic.

KUALA LUMPUR (Aug 3): The number of Covid-19 cases in Malaysia crossed the 9,000 mark today as two more people were infected, taking the total cases to 9,001 infections.

KUALA LUMPUR (July 31): Malaysia’s unemployment rate, which rose to 5.

KUALA LUMPUR (July 30): The Malaysian Employers Federation (MEF) said today the government's decision to restrict foreign workers to the construction, agriculture and plantation sectors will further devastate operations of other industries including manufacturing and services, which are trying very hard to recover from the country's movement control order (MCO) to curb the Covid-19 pandemic.

KUALA LUMPUR (July 30): The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.

KUALA LUMPUR (July 29): Malaysian hosts have in general welcome Airbnb's Malaysian Medical Association (MMA)-backed enhanced cleaning protocol as communities reopen for travel in Malaysia, said the short-term rental accommodation company.

Some say Damansara Heights or Bukit Damansara in Kuala Lumpur is the most coveted high-end address for Malaysians.

Damansara Heights is a matured enclave located on the fringe of Kuala Lumpur’s central business district and has long been one of the most coveted addresses among the well-heeled in the country.