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KUALA LUMPUR (May 5): Malaysia’s Covid-19 new cases dropped to 30 today – the lowest daily figure after 49 days of the movement control order (MCO) period, according to the Ministry of Health (MoH).

KUALA LUMPUR (May 5): There are no enhanced movement control order (EMCO) placed on Selayang and Chow Kit as reported by the media today, Senior Minister (Security Cluster) and Defence Minister Datuk Seri Ismail Sabri Yaakob clarified.

KUALA LUMPUR (May 5): The federal government relaxed the movement control order (MCO), essentially to allow businesses to operate subject to certain conditions.

KUALA LUMPUR (May 5): Selangor Mentri Besar Datuk Amirudin Shari (pictured) has “defended his administration” over the decision to only partly follow the conditional movement control order (MCO) ordered by the Federal government, reported the Malay Mail.

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): The Malaysian Anti-Corruption Commission (MACC) is investigating a company over its RM30 million contract to supply mass testing laboratory systems to a ministry, The Malaysian Insight reported yesterday.

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 (May 5): It has been reported that three new areas in the city have been placed under the enhanced movement control order (EMCO).

KUALA LUMPUR (May 5): Country View Bhd has accepted RM31 million in Islamic financing from AmBank Islamic Bhd (AmBank Islamic).