Malaysia's wholesale and retail trade plunge as online retail sales surges
KUALA LUMPUR (June 11): Malaysia's sales value of wholesale and retail trade plunged 36.
How Covid-19 gave cover for a subtle power grab
KUALA LUMPUR (June 10): Is the pandemic a boon to autocracy? In Malaysia, efforts to constrain the coronavirus have chipped away at the very democratic principles that for decades made the country a natural US ally and bastion of stability in a volatile region, Bloomberg reported today.
Savills Malaysia: Investors will return with HOC incentives
PETALING JAYA (June 6): The reintroduction of the National Home Ownership Campaign (HOC) will encourage certain property investors to re-enter the property market, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.
Hotel closures, staff reduction, paycuts for Swiss Garden International
KUALA LUMPUR (June 4): More hotel closures seem to be the order of the day due to the Covid-19 pandemic and the latest casualties are three Swiss Garden International (SGI) hotels across the country, the New Straits Times (NST) reported today.
OSK posts lower 1Q net profit on MCO impact
KUALA LUMPUR (May 29): OSK Holdings Bhd posted a net profit of RM77.
Whatsapp list of hotels for sale in KL and Penang fake
PETALING JAYA (May 27): A viral message circulating on WhatsApp on a list of hotels in Kuala Lumpur and Penang available for sale is a hoax.
Genting down on luck in wake of pandemic
KUALA LUMPUR (May 21): Genting Malaysia Bhd has been dealt a poor hand this year, the 55th anniversary of the founding of the group, The Edge reported today.
Genting Malaysia announces restructuring exercise, including pay cut and 'rightsizing of workforce'
KUALA LUMPUR (May 22): As the Covid-19 pandemic hits it hard, Genting Malaysia Bhd (GENM) has announced that it is undertaking a restructuring exercise at its home operations including voluntary pay cut and "rightsizing its workforce".
Parkson 3Q net loss swells to RM92m as shoppers stay home amid Covid-19 outbreak
KUALA LUMPUR (May 22): Parkson Holdings Bhd’s net loss widened to RM92.
CMMT’s 1Q NPI falls on lower rental income amid MCO
KUALA LUMPUR (May 21): Capitaland Malaysia Mall Trust (CMMT) said its earnings in the first quarter ended March 31, 2020 was affected by lower rental income from its shopping malls, following the implementation of the movement control order (MCO).
