PHOTO GALLERY: The movement control order after a week
KUALA LUMPUR (March 26): Prime Minister Tan Sri Muhyiddin Yassin announced yesterday that the movement control order (MCO) was being extended from March 31 to April 14 to curb COVID-19 spread.
OCBC: No compound of interest or profit during 6-month moratorium
KUALA LUMPUR (March 26): OCBC Bank (Malaysia) Bhd said it will not be compounding interest and profit on mortgages and loans for small and medium enterprises (SMES) during the six-month moratorium period.
PM, ministers, deputies give up two months’ pay for COVID-19 fund
KUALA LUMPUR (March 26): Prime Minister Tan Sri Muhyiddin Yassin, along with all federal ministers and their deputies, are taking a two-month pay cut, with the savings to be donated to Putrajaya’s COVID-19 Fund, the Malay Mail reported today.
Resorts World Genting, Awana, Kijal, Langkawi to be closed until April 14
KUALA LUMPUR (March 26): Genting Malaysia Bhd said several of its resorts will continue to be closed, following the announcement of the extension of the Movement Control Order (MCO) up to April 14 by Prime Minister Tan Sri Muhyiddin Yassin yesterday.
80 healthcare workers test positive for COVID-19, says Health DG
KUALA LUMPUR (March 26): 80 Malaysian healthcare workers have tested positive for COVID-19, according to health director-general Datuk Dr Noor Hisham Abdullah.
Another person dies from COVID-19, tally now at 21
KUALA LUMPUR (March 26): Another death from COVID-19 was reported to the Crisis Preparedness and Response Centre (CPRC) today, bringing the tally to 21, said health director-general Datuk Dr Noor Hisham Abdullah.
A tough year expected for Tiong Nam’s industrial property business — MIDF
KUALA LUMPUR (March 26): The tough operating environment amidst the COVID-19 outbreak will make it a challenging year for Tiong Nam Logistics Holdings Bhd’s property segment as property purchases will be delayed by businesses to conserve more cash, said MIDF Research.
COVID-19 to place Malaysian economy into technical recession, says AmBank
KUALA LUMPUR (March 26): AmBank Group Research said the coronavirus-induced recession is expected to place both the global economy as well as the Malaysian economy into technical recession.
CMMT provides 14-day rental waiver to non-essential services tenants
KUALA LUMPUR (March 26): Capitaland Malaysia Mall Trust (CMMT) will provide a 14-day rental waiver to tenants who provide non-essential services across all seven Capitaland malls amid the Movement Control Order (MCO), the trust said yesterday.
Consider tax rebates for SMEs including property management companies
PETALING JAYA (March 26): The government should consider giving tax waivers or rebates especially on Sales and Services Tax (SST) and corporate tax for small and medium sized businesses or SMEs as they will be among the hardest hit by the Movement Control Order (MCO) which is now extended a further two weeks to April 14, 2020 to stem the spread of the COVID-19 outbreak in Malaysia.
