Hong Kong’s Ocean Park needs HK$5b from taxpayers
KUALA LUMPUR (May 12): Hong Kong’s cash-strapped Ocean Park could go bankrupt next month unless it receives an urgent bailout of HK$5.
KUALA LUMPUR (May 12): Hong Kong’s cash-strapped Ocean Park could go bankrupt next month unless it receives an urgent bailout of HK$5.
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 30): Malaysian publishing company Blu Inc Media announced is ending both its print and digital publications today, effective immediately.
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.
KUALA LUMPUR (April 29): Lauding the government’s decision to allow approved businesses to fully resume their operations from today, Mah Sing Group Bhd said Putrajaya should also consider lifting the lockdown for the property sector.
PETALING JAYA (April 29): Perak state government is currently formulating four strategies to revive the state’s tourism industry, which was badly hit by the Covid-19 pandemic, according to a China Press report.
KUALA LUMPUR (April 27): It has been over six weeks since Malaysia shut down its RM1.