News about Malaysian

KUALA LUMPUR (Apr 8): Malaysians working in Singapore are advised to stay in the city-state for at least another two weeks, instead of coming back home.

KUALA LUMPUR (April 3): Malaysian house prices, relative to income, remain seriously unaffordable, due to a pronounced and prolonged mismatch between demand and supply, stated Bank Negara Malaysia (BNM) in its Financial Stability Review for Second Half 2019 released today.

KUALA LUMPUR (April 3): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) has joined recent calls for the government to provide specific stimulus measures for the real estate industry in light of the prolonged slowdown and the impact of the Covid-19 outbreak and ongoing Movement Control Order (MCO) in the country.

“It was the best of times, it was the worst of times…” The COVID-19 outbreak is dominating every form of media reporting.

KUALA LUMPUR (March 31): The Malaysian International Chamber of Commerce and Industry (MICCI) says the Prihatin Rakyat Economic Stimulus Package is imbalanced between the support to employees and employers.

KUALA LUMPUR (March 30): With many businesses having grounded to a halt during the Movement Control Order period, Malaysian manufacturers are appealing to the government to double its wage subsidy scheme to RM12 billion from RM5.

KUALA LUMPUR (March 30): A senior criminal lawyer has suggested that the authorities not remand those caught flouting the movement control order (MCO), unless they are seriously violating the law, to prevent the spread of COVID-19 in jails and prisons.

KUALA LUMPUR (March 27): The Malaysian Hotel Association (MAH) in response to the Prihatin Economic Stimulus Package announced today said the hotel industry “needs a little bit more help”, as it disclosed that as of now, 2,041 hotel employees in the country have already been laid off due to economic pressures and the extended movement control order (MCO) in light of the COVID-19 pandemic.

KUALA LUMPUR (March 27): The Malaysian Rubber Gloves Manufacturers Association (Margma) has warned distributors to refrain from profiteering as there is adequate supply of gloves in the country.

KUALA LUMPUR (March 25): The two brothers of the Shamsuddin family, Tan Sri Shahril Shamsuddin and Datuk Shaziman Shamsuddin of Sapura Holdings, have come forward to donate RM1 million to help fight the COVID-19 heath crisis.