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KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.

KUALA LUMPUR (March 31): Voicing concerns on the impact of the Movement Control Order (MCO) on the property sector, the National Chamber of Commerce and Industry of Malaysia (NCCIM) has urged the government to consider allowing an extension of time especially for ongoing housing development schemes.

KUALA LUMPUR (March 31): Most businesses will not be able to qualify for the wage subsidy scheme in the government's Prihatin stimulus plan, said research firm Fitch Solutions Country Risk and Industry Research in a Malaysiakini report .

KUALA LUMPUR (March 31): Thomas Schaefer, the finance minister of Germany’s Hesse state, has committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, AFP reported state premier Volker Bouffier saying on Sunday.

KUALA LUMPUR (March 31): Malaysian designer Datuk Radzuan Radziwill has swapped making haute couture for sewing personal protective equipment (PPE) for frontliners during the COVID-19 pandemic, the Malay Mail reported yesterday.

KUALA LUMPUR (March 31): The Malaysian International Chamber of Commerce and Industry (MICCI) says the Prihatin Rakyat Economic Stimulus Package is imbalanced between the support to employees and employers.

KUALA LUMPUR (March 30): With many businesses having grounded to a halt during the Movement Control Order period, Malaysian manufacturers are appealing to the government to double its wage subsidy scheme to RM12 billion from RM5.

KUALA LUMPUR (March 30): Malaysia small and medium enterprises (SMEs) said today they expect no cash inflow for at least three months due to the nation’s ongoing movement control order (MCO) to curb the spread of the COVID-19 pandemic.

KUALA LUMPUR (March 30): A senior criminal lawyer has suggested that the authorities not remand those caught flouting the movement control order (MCO), unless they are seriously violating the law, to prevent the spread of COVID-19 in jails and prisons.

KUALA LUMPUR (March 30): The government’s second economic stimulus package is expected to widen its fiscal deficit this year to 4% of the gross domestic product (GDP).