Rehda, MBAM want government to bear construction workers' testing costs

May 06

PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.

MoF: Banks to waive interest/profit charge for HP loans, fixed rate financing during moratorium period

May 06

KUALA LUMPUR (May 6): The Ministry of Finance (MoF) has reached an agreement with the banking industry to waive additional interest or profit charges for hire purchase (HP) loans and Islamic fixed-rate financing for the six-month moratorium period in conjunction with the Covid-19 pandemic.

Most Malaysians received three types of stimulus funding: DOSM

May 06

KUALA LUMPUR (May 6): About 40,000 individuals surveyed by the Department of Statistics Malaysia (DOSM) said they had benefitted from the government’s economic stimulus package.

Report: 145 foreign construction workers go 'into hiding' after Covid-19 swab test

May 06

KUALA LUMPUR (May 6): A large group of foreign construction workers went “into hiding” after swab tests were carried out on such workers who had come into contact with infected staff at the Pavilion Embassy construction site, reported Free Malaysia Today (FMT).

RHB Bank lowers base rate by 50 basis points

May 06

KUALA LUMPUR (May 6): RHB Banking Group has revised its base rate (BR) and base lending rate (BLR) downwards by 50 basis points (bps) effective May 13, 2020, in line with a reduction in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM).

GALLERY 'Administrative restriction' in Taman Wilayah and Taman Desa Bakti, Selayang

May 06

KUALA LUMPUR (May 6): When the soldiers started putting up barbed wire in Taman Wilayah and Taman Desa Bakti, Selayang, on May 5, all thought the enhanced movement control order has arrived but that turned out not to be so.

Five-year-old stopped on US highway wanted to buy Lamborghini, police say

May 06

KUALA LUMPUR (May 6): A US trooper stopping a car with a suspected “impaired driver” on a US highway on Monday was bemused to find a five-year-old in the driver’s seat, Reuters reported today.

Independent director resigns from Ikhmas Jaya

May 06

KUALA LUMPUR (May 5): Ikhmas Jaya Group Bhd, whose external auditor raised a red flag on its financials, has announced that its independent and non-executive director Yeun Choong Lai has resigned from the board.