SINGAPORE (May 12): More than 8,600 business entities in Singapore have closed down in April - more than a double compared to March as well as during SARS in 2003 and economy recession in 2009, as Covid-19 pandemic continues to bite.
WUHAN (May 12): An official has been sacked in Wuhan, capital of central China's Hubei Province after the city recently reported six new confirmed Covid-19 cases, local authorities said yesterday according to Xinhua and Asia News Network.
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.
MoF: Banks to waive interest/profit charge for HP loans, fixed rate financing during moratorium period
KUALA LUMPUR (May 6): The Ministry of Finance (MoF) has reached an agreement with the banking industry to waive additional interest or profit charges for hire purchase (HP) loans and Islamic fixed-rate financing for the six-month moratorium period in conjunction with the Covid-19 pandemic.
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 4): As the federal government relaxes the movement control order (MCO) from today to allow nearly all economic sectors in the country to open for business, opposition leaders are calling for at least two weeks of a full parliamentary sitting, starting May 18, and not just one day.
KUALA LUMPUR (May 4): US President Donald Trump (pictured) said yesterday he “believes as many as 100,000 Americans” could perish in the Covid-19 pandemic after the death toll passed his earlier estimates, Reuters reported.