Kejuruteraan Asastera abandons plans to venture into solar business
KUALA LUMPUR (March 20): Electrical and mechanical engineering company Kejuruteraan Asastera Bhd (KAB) has called off its solar energy investment venture.
Working from home and loving it
Jason Oh, an employee of a hospitality company currently based in Hong Kong — one of the countries affected by the COVID-19 outbreak that saw schools being shut down and the government rolling out a fiscal stimulus package to ease the impact of the virus – was required to work from home after the Chinese New Year holidays until the end of February 2020.
Work from home: Tips for a productive workspace
Dining table, bedroom desk, couch — these could be the “new” de facto workstations for many employees at a time when the COVID-19 virus pandemic is forcing business continuity measures to be put in place out of the office building via remote working or telecommuting.
REHDA: This is probably the worst down cycle
PETALING JAYA (March 20): Real Estate and Housing Developers Association Malaysia (Rehda) president Datuk Soam Heng Choon said the current COVID-19 pandemic and economic uncertainties will affect all sectors in Malaysia, including the property development sector.
Jack Ma, Alibaba foundations donate medical kits to Malaysia, three other Asean countries
KUALA LUMPUR (March 20): The Jack Ma Foundation and Alibaba Foundation announced yesterday their donations of medical supplies to four South-east Asian countries, including Malaysia, the Malay Mail reported yesterday.
Advance Synergy’s Indonesian unit offered RM1.66m out-of-court settlement
KUALA LUMPUR (March 20): Holiday Villa hotels operator Advance Synergy Bhd (ASB) said its indirect Indonesian subsidiary, PT Diwangkara Holiday Villa Bali (DHVB), has entered into a settlement agreement with counterparties which it is suing.
GENM injects RM174.8m into Empire Resorts
KUALA LUMPUR (March 20): Genting Malaysia Bhd (GENM) has entered into a subscription agreement with Nasdaq-listed Empire Resorts Inc to inject US$40 million (RM174.
ELITE’s Ebor entry toll resumes operations
KUALA LUMPUR (March 20): PLUS Malaysia Bhd said the southbound Ebor toll plaza (entry) in the North–South Expressway Central Link (ELITE), where a toll operator tested COVID-19 positive on March 18, has resumed operations at midnight today.
BNM lowers SRR ratio from 3% to 2%, in move to release RM30b into banking system
KUALA LUMPUR (March 20): Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20.
HR Ministry: Employers must continue to pay full salary, allowance to all workers during partial lockdown
KUALA LUMPUR (March 19): Employers have to pay the full salary of all employees — including allowances — during the March 18-31 Movement Control Order period, said the Ministry of Human Resources (MoHR).
