ICAEW: Malaysia’s 2020 GDP growth to slow to 3.7% amid COVID-19 situation
KUALA LUMPUR (March 12): Economic growth in Malaysia is expected to slow to 3.
Malaysia Airlines staff told to take unpaid leave as COVID-19 outbreak strains financials
KUALA LUMPUR (March 12): Malaysia Airlines Bhd (MAS) is the latest airline to ask its 13,000 employees to take voluntary unpaid leave as the spread of coronavirus (COVID-19) takes a heavy toll on airlines' bottom line.
S&P Global believes COVID-19 will hit Genting Group hard in 2020
KUALA LUMPUR (March 12): S&P Global Ratings revised its outlook on Genting Bhd to negative from stable to reflect its view that Genting Bhd's revenue and EBITDA will drop by 20%-25% and 25%-30% respectively in 2020 because of the ongoing COVID-19 outbreak.
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WHO labels coronavirus a 'pandemic'
KUALA LUMPUR (March 12): The World Health Organization called the new coronavirus outbreak a pandemic on Wednesday, issuing a grim warning that the global spread and severity of the illness was due to "alarming levels of inaction", AFP reported late yesterday.
Tom Hanks, wife tested positive for COVID-19
KUALA LUMPUR (March 12): Tom Hanks and his wife Rita Wilson have both tested positive for COVID-19, the US actor said yesterday, AFP reported yesterday.
OBYU awaits decision on its representation
KUALA LUMPUR (March 12): The High Court was yesterday informed that the prosecution is considering a representation relating to asset forfeiture made by OBYU Holdings Sdn Bhd, the owner of several condos at Pavilion Residences, where more than RM680 million worth of valuable items said to belong to Datuk Seri Najib Abdul Razak and his wife Datin Seri Rosmah Mansor, were kept and are subject to forfeiture.
MOH: Brunei man with COVID-19 was at mosque gathering of 10,000 people
KUALA LUMPUR (March 11): The Ministry of Health (MoH) announced today that about 10,000 people had taken part in a religious gathering at Masjid Seri Petaling, Selangor, between Feb 27 to March 1 where a Bruneian national infected with COVID-19 was also present.
COVID-19: 20 new confirmed cases, Malaysia’s tally climbs to 149
KUALA LUMPUR (March 11): The Ministry of Health (MoH) announced that there are 20 new confirmed COVID-19 cases today, bringing the total tally to 149.
Rosmah allowed to inspect more than RM600m worth of jewellery, handbags
KUALA LUMPUR (March 11) :The High Court today allowed an application by former premier Datuk Seri Najib Abdul Razak's wife Datin Seri Rosmah Mansor to physically inspect close to 12,000 jewellery items, over 300 handbags and other valuables worth more than RM600 million.
