No defence against MCO for REITs
KUALA LUMPUR (March 23): Equity investors usually flock to defensive stocks like real estate investment trusts (REITs) to weather any storms in the markets.
Army mobilised to help enforce MCO from Sunday
KUALA LUMPUR (March 20): The army will be roped in to assist the police in enforcing the Movement Control Order (MCO) from Sunday onwards, said defence minister Datuk Seri Ismail Sabri.
REHDA: This is probably the worst down cycle
PETALING JAYA (March 20): Real Estate and Housing Developers Association Malaysia (Rehda) president Datuk Soam Heng Choon said the current COVID-19 pandemic and economic uncertainties will affect all sectors in Malaysia, including the property development sector.
BNM lowers SRR ratio from 3% to 2%, in move to release RM30b into banking system
KUALA LUMPUR (March 20): Bank Negara Malaysia (BNM) has announced a 100-basis-point cut in the statutory reserve requirement (SRR) ratio from 3% to 2%, effective March 20.
MAH: Hotels struggle to survive, with VMY2020 cancelled
PETALING JAYA (March 19): Hotels are now focusing on mere survival as the industry faces a gloomy outlook for the rest of the year, with the Visit Malaysia 2020 (VMY2020) campaign now cancelled.
MIEA, MIPEAC call for more measures to help Malaysians impacted by COVID-19
PETALING JAYA (March 18): The Malaysian Institute of Estate Agents (MIEA) said there is an urgent need for the government to come up with further measures to help alleviate the financial burden of workers as industries reel from the COVID-19 crisis.
COVID-19 test kits not fake, but pending MoH approval, says MyEG
KUALA LUMPUR (March 18): My EG Services Bhd (MyEG) has clarified that its COVID-19 rapid test kits do exist, and is currently awaiting approval from the local authorities and certification from the Ministry of Health (MoH).
S&P: Asia-Pacific recession is now guaranteed
KUALA LUMPUR (March 18): Asia-Pacific economic growth in 2020 will more than halve to less than 3% as the global economy enters a recession, said S&P Global Ratings.
Mydin USJ 1, Jaya Grocer to open 30 mins early for the elderly
KUALA LUMPUR (March 17): Mydin in USJ 1 and Jaya Grocer (pictured) outlets will open 30 minutes earlier from tomorrow to cater to the elderly/senior citizens.
Malaysia’s economic stimulus package with additional measures, says PM Muhyiddin
PUTRAJAYA (March 17): The Malaysian government will ensure the implementation of the 2020 economic stimulus package as announced previously with additional measures to mitigate the impact of the COVID-19 pandemic, Prime Minister Tan Sri Muhyiddin Yassin said yesterday.
