News about Movement Control Order (MCO)

KUALA LUMPUR (May 24): CGS-CIMB Securities Sdn Bhd said today stricter rules under Malaysia’s current movement control order (MCO) to curb the spread of the Covid-19 pandemic may raise the risk of corporate earnings disappointment as the reenforcement of the MCO is likely to reduce manufacturers’ productivity and lower footfall at retail outlets.

KUALA LUMPUR (May 21): The National Security Council (MKN) has agreed to tighten the enforcement of the Movement Control Order (MCO 3.

KUALA LUMPUR (May 10): The whole of Malaysia will be placed under the Movement Control Order (MCO) from May 12 to June 7, said Prime Minister Tan Sri Muhyiddin Yassin in a statement this evening, as the country grapples with rising Covid-19 infections.

KUALA LUMPUR (May 1): The ongoing movement control order (MCO) will be reviewed, especially in states experiencing a spike in positive Covid-19 cases, said Prime Minister Tan Sri Muhyiddin Yassin.

KUALA LUMPUR (Sept 25): Eco World Development Group Bhd (EcoWorld), which posted a net profit of RM13.

KUALA LUMPUR (Aug 26): UOA Development Bhd’s net profit fell 81.

KUALA LUMPUR (Aug 15): The temporary increase of the gearing limit for real estate investment trusts (REITs) by the Securities Commission Malaysia (SC) “is seen as timely for the sector”, The Edge Malaysia reported recently.

The Covid-19 pandemic almost paralysed Malaysia during the Movement Control Order (MCO) lockdown period for six weeks from March 18, but business owners are optimistic that the market is gradually resuming its pace especially in the current Recovery MCO.

KUALA LUMPUR (June 26): The RM2 billion sales target set by Eco World Development Group Bhd (EcoWorld) for its financial year ending Oct 31, 2020 (FY20) is still achievable despite the lower sales achieved in the first six months of the year due to the Movement Control Order (MCO), said CGS-CIMB.

On April 29, 2020, the National Property Information Centre (Napic) of the Finance Ministry’s Valuation and Property Services Department (JPPH) released the 2019 Malaysia Property Market Report revealing that the market which has been in a prolonged slowdown, had grown by 4.