London Biscuits sells industrial land for RM70m to pay off creditors
KUALA LUMPUR (May 7): London Biscuits Bhd, which is currently under liquidation, is selling seven parcels of freehold industrial land in Johor Bahru for RM70 million.
MoF: Banks to waive interest/profit charge for HP loans, fixed rate financing during moratorium period
KUALA LUMPUR (May 6): The Ministry of Finance (MoF) has reached an agreement with the banking industry to waive additional interest or profit charges for hire purchase (HP) loans and Islamic fixed-rate financing for the six-month moratorium period in conjunction with the Covid-19 pandemic.
Most Malaysians received three types of stimulus funding: DOSM
KUALA LUMPUR (May 6): About 40,000 individuals surveyed by the Department of Statistics Malaysia (DOSM) said they had benefitted from the government’s economic stimulus package.
Report: 145 foreign construction workers go 'into hiding' after Covid-19 swab test
KUALA LUMPUR (May 6): A large group of foreign construction workers went “into hiding” after swab tests were carried out on such workers who had come into contact with infected staff at the Pavilion Embassy construction site, reported Free Malaysia Today (FMT).
Five-year-old stopped on US highway wanted to buy Lamborghini, police say
KUALA LUMPUR (May 6): A US trooper stopping a car with a suspected “impaired driver” on a US highway on Monday was bemused to find a five-year-old in the driver’s seat, Reuters reported today.
59 Chambers of Commerce and Industry Associations call for all states to restart economic activities
KUALA LUMPUR (May 6): 59 Chambers of Commerce and Industry Associations have declared their full support for the federal government’s decision to allow the majority of the economy to resume operations under the Conditional Movement Control Order (CMCO) while calling for all states to follow.
DONE DEAL: Double-storey terraced house, Sutera Damansara, Damansara Damai, Selangor
Sold for: RM740,000 (RM449.
KLCCP Stapled posts lower 1Q profit on bigger loss in hotel segment, proposes 8.3 sen dividend
KUALA LUMPUR (May 5): KLCCP Stapled Group has reported a 3.
Covid-19: New cases drop to record low of 30, after 49 days of MCO
KUALA LUMPUR (May 5): Malaysia’s Covid-19 new cases dropped to 30 today – the lowest daily figure after 49 days of the movement control order (MCO) period, according to the Ministry of Health (MoH).
State v Federal impasse over lockdown relaxation order
KUALA LUMPUR (May 5): The federal government relaxed the movement control order (MCO), essentially to allow businesses to operate subject to certain conditions.
