Malaysia 2Q20 GDP to decline 18.5% y-o-y, UOB says
KUALA LUMPUR (Aug 11): UOB Global Economics & Markets Research expects Malaysia’s real gross domestic product (GDP) to decline 18.
BNM’s Shariah Advisory Council issues ruling on Islamic loan restructuring, profit compounding
KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) has announced that its Shariah Advisory Council (SAC) has made a ruling on practices of restructuring of Islamic financing facilities during the Covid-19 crisis.
Boustead Holdings sues former chairman, ex-MD and four former directors for £6.4 million
KUALA LUMPUR (Aug 11): Boustead Holdings Bhd had in June file a suit here against its former chairman Tan Sri Mohd Ghazali Che Mat, its managing director Tan Sri Che Lodin Wok Kamaruddin, and four other directors for purported breach of fiduciary duty and is seeking jointly from them a sum of £6.
Speaker rejects Pua's motion aimed at setting up panel to monitor 1MDB assets' recovery
KUALA LUMPUR (Aug 11): Speaker Datuk Azhar Harun said yesterday his rejection of opposition lawmaker Tony Pua's (PH-Damansara) bid to amend the motion of thanks to the ruler in the Dewan Rakyat is final.
Sivagangga, Kurau clusters linked to Hari Raya visiting activities — Health D-G
KUALA LUMPUR (Aug 11): Health director-general Datuk Dr Noor Hisham Abdullah said most of the cases in the Sivagangga and Kurau clusters of Covid-19 infections are linked to visiting activities during the recent Hari Raya Aidiladha festivities.
Covid-19: Malaysia records 11 new cases, three from Kurau cluster
KUALA LUMPUR (Aug 10): The Ministry of Health (MoH) announced eleven new Covid-19 cases as of noon today, of which five were imported cases while six were local transmissions.
Gunung Capital and Majuperak to develop RM3 billion affordable homes project in Perak
KUALA LUMPUR (Aug 10): Gunung Capital Bhd and Majuperak Bina Sdn Bhd today announced the development of a RM3 billion worth affordable homes project in Perak.
Platinum Victory’s Kuala Lumpur projects received good take-up rates
KUALA LUMPUR (Aug 10): Despite lacklustre market, Platinum Victory’s Vista Sentul apartment and Vista Danau Kota have received good response with 60% and 70% of the units snapped up after launch.
Police raids Apple Daily offices hours after arrest of its founder, Jimmy Lai
HONG KONG (Aug 10): Over 100 police officers raided the offices of Hong Kong pro-democracy newspaper Apple Daily in Tseung Kwan O this morning, reported Hong Kong Free Press (HKFP).
Capital and rental values in global cities fall by 0.5% and 1.1% respectively in 1H20, says Savills
KUALA LUMPUR (Aug 10): The impact of the Covid-19 pandemic on prime residential values in cities around the world has resulted in a fall of 0.
