MRCB’s quarterly profit falls 68% amid multiple construction site closures in 1Q
KUALA LUMPUR (May 31): Malaysian Resources Corp Bhd (MRCB)’s net profit for the first quarter ended March 31, 2021 (1QFY21) fell 67.
Malaysia hotel industry suffers RM6.53b losses last year - MAH
PETALING JAYA (May 24): Malaysia hotel industry has suffered losses of over RM6.
PAM supports full MCO but proposes 10 measures for businesses to survive
PETALING JAYA (May 21): While supporting the implementation of full Movement Control Order (MCO) for national security, Malaysian Institute of Architects (PAM) stressed that the public and private sectors need to work hand in hand to ensure business survival for long-term job security instead of one-off subsidies to individuals.
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.
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).
ADB projects Malaysian economy to rebound to 6% in 2021, stabilise at 5.7% in 2022
KUALA LUMPUR (April 28): Malaysia’s economy is projected to rebound to 6% in 2021 and stabilise at about 5.
Climate change could cut Malaysian economic growth 20% below expectations by 2050 — report
KUALA LUMPUR (April 23): Malaysia has been listed among several nations that would each see an economic growth 20% below what they could otherwise expect by 2050 if the increase in global temperatures is held to 2°C.
Ex-KWAP CEO Wan Kamaruzaman emerges as director on MRCB board
KUALA LUMPUR (April 15): Former Kumpulan Wang Persaraan (Diperbadankan) (KWAP) CEO Datuk Wan Kamaruzaman Wan Ahmad has emerged as an independent non-executive director on the board of Malaysian Resources Corp Bhd (MRCB).
High Court grants discharge not amounting to acquittal to ex-spy chief in RM50m CBT case
KUALA LUMPUR (April 12): The High Court here today has granted a discharge not amounting to acquittal (DNAA) to former Malaysian External Intelligence Organisation (MEIO) director-general Datuk Hasanah Abdul Hamid in the US$12.
IMF: Malaysian economy is set to recover in 2021, growth projected at 6.5%
KUALA LUMPUR (March 18): The Malaysian economy is set to recover in 2021, with growth projected at 6.
