IMF revises Malaysian 2020 GDP contraction to 3.8% from 1.7%
KUALA LUMPUR (June 25): The International Monetary Fund (IMF) has revised its Malaysia 2020 gross domestic product (GDP) forecast to a 3.
No dividend from Gamuda as quarterly profit falls 77% on MCO woes
KUALA LUMPUR (June 25): Gamuda Bhd’s net profit for its third financial quarter ended April 30, 2020 (3QFY20) slumped 77.
Malaysia targets zero Covid-19 cases by mid-July
KUALA LUMPUR (June 25): Malaysia is targeting zero new cases of Covid-19 by mid-July, health director-general Datuk Dr Noor Hisham Abdullah said yesterday.
Magna Prima defaults on term loan facility involving RM37.79m from Alliance Bank
KUALA LUMPUR (June 25): Property developer Magna Prima Bhd has defaulted on a term loan facility from Alliance Bank, which amounts to RM37.
MoH reports six Covid-19 cases today, three from new clusters
KUALA LUMPUR (June 24): The Ministry of Health (MoH) logged six new cases today, of which four were local transmissions involving Malaysians, while two were imported cases involving a Malaysian and a non-citizen who were infected while abroad.
Slowdown in tenant demand, reevaluation of office space usage expected in coming months: KPMG International
KUALA LUMPUR (June 24): The pandemic has disrupted the office landscape, which will face a challenging time in the months ahead, according to KPMG International’s “Real Estate in the New Reality” webinar on June 23.
Hong Kong: Owners prepared to cut rents rather than selling at a loss
KUALA LUMPUR (June 24): A myriad of events are eroding rents in Hong Kong.
Mat Sabu's son jailed eight months for drugs use
KUALA LUMPUR (June 24): Ahmad Saiful Islam, the son of former defence minister and Parti Amanah Negara president Mohamad Sabu or Mat Sabu, was sentenced to eight months in prison today by the Magistrates' Court of using drugs at a hotel in the city centre last year.
Court allows prosecution to amend 1MDB audit tampering charge
KUALA LUMPUR (June 24): The High Court today allowed the prosecution to amend the charge in the 1Malaysia Development Bhd (1MDB) audit tampering case as the judge ruled that it would not prejudice former prime minister Datuk Seri Najib Razak (pictured) and former 1MDB president Arul Kanda Kandasamy.
