KUALA LUMPUR (May 21): Bars and pubs opened in New Zealand for the first time in months today, as restrictions to limit the spread of the coronavirus were eased further and the government looked to revive economic activity, Reuters reported today.
KUALA LUMPUR (May 14): Hatten Group will be closing its non-performing business units, which would see affected employees being placed on temporary lay-off scheme until the global economic situation recovers, upon which the company will arrange for their potential return.
SINGAPORE (May 12): More than 8,600 business entities in Singapore have closed down in April - more than a double compared to March as well as during SARS in 2003 and economy recession in 2009, as Covid-19 pandemic continues to bite.
KUALA LUMPUR (May 9): The retail and hospitality sectors were among those that have been badly hit as travel had come to an almost complete halt due to Covid-19, The Edge reported today.
KUALA LUMPUR (May 9): Loss-making Pegasus Heights Bhd, which is involved in leasing out commercial properties, has postponed its plans to expand its new F&B business and revamp its Seremban shopping mall in light of the Covid-19 pandemic.
KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 50 basis points (bps) to 2%, a level last seen during the 2008-09 global financial crisis.
KUALA LUMPUR (May 5): Hong Leong Investment Bank Bhd (HLIB) said today it sees the likelihood of property developers in Malaysia revising sales and launch value targets as the Covid-19 pandemic takes its toll on the broader economy.
KUALA LUMPUR (April 29): G City Club Hotel Sdn Bhd has ceased operations after a decade of being in the hospitality business, as the Covid-19 pandemic became the last straw for the company, which has been suffering losses over the past few years.