Retail, hospitality sectors may see 15-20% closure
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.
Covid-19 testing puts construction players in difficulty
KUALA LUMPUR (May 9): Construction companies are eager to get back to work after seven weeks of inactivity but are uncertain as to how they will meet Putrajaya’s requirement that the sector’s estimated 1.
Deadly gas from chemical plant swept through Indian village
KUALA LUMPUR: When gas began leaking from a nearby chemical factory and drifting towards his house in southern India, there were no warnings and no alarms, welder Elamanchili Venkatesh said, according to a Reuters report today.
Covid-19: Pegasus halts F&B expansion, commercial space revamp
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.
Covid-19: Malaysia reports 68 new cases against 88 recoveries, no death
KUALA LUMPUR (May 8): Malaysia reported 68 new Covid-19 cases today, of which 57 involved foreigners, according to the Ministry of Health (MoH).
Standard Chartered Malaysia cuts base rate by 50bps effective May 14
KUALA LUMPUR (May 8): Standard Chartered Malaysia (StanChart) has announced that it will be lowering its base rate and base lending rate by 50 basis points to 2.
Covid-19: Number of green zones in KL rises to seven, says Health Ministry
KUALA LUMPUR (May 8): The number of green zones in Kuala Lumpur rose to seven — Alam Damai, Bangsar, Bukit Damansara, Datuk Keramat, Kepong, Mont Kiara and Connaught — from six previously, according to the Ministry of Health (MoH).
Covid-19 Bill will become meaningless after the twilight period
While Parliament in the Republic of Singapore has promptly passed an Act titled: Covid-19 (Temporary Measures) Act, 2020 (ACT) and was immediately assented to by the President and gazetted on April 9, 2020 and operational April 7, 2020, Malaysia is deferring the tabling of the bill to the 2nd Parliamentary sitting between July 27, 2020 to Sept 10, 2020.
Ireka mulls demerger exercise with London-listed associate Aseana
KUALA LUMPUR (May 8): Ireka Corp Bhd is considering participating in a re-organisation exercise of its London Stock Exchange-listed associate Aseana Properties Ltd.
Bangi's gaining ground
Most people would name Universiti Kebangsaan Malaysia (UKM), one of Malaysia’s top and earliest universities as the main landmark in Bangi, Selangor.
