KUALA LUMPUR (Dec 24): AmInvestment Bank Bhd said today it has upgraded the Malaysia real estate investment trust (REIT) sector to "overweight" from "neutral" as the research firm believes the worst is over for the industry, which has contended with the impact of Covid-19-driven restricted movement policies.
KUALA LUMPUR (April 25): The period between March 15 to April 20 this year saw 7,159 employees retrenched, the first five weeks of the movement control order (MCO), according to statistics provided by the Labour Department.
PUTRAJAYA (April 25): Malaysia may seem to gave a gotten a grip on the Covid-19 outbreak but the Health Ministry has warned complacency could bring about a new wave of infections, the Star reported today.
KUALA LUMPUR (April 24): Malaysian Trades Union Congress (MTUC) secretary-general J Solomon has urged the government to ensure that “irresponsible” employers threatening mass retrenchments during the movement control order (MCO) are reined in, Malaysiakini reported today.
KUALA LUMPUR (April 24): The police are expected to record a statement from Umno president Ahmad Zahid Hamidi's daughter Nurulhidayah at Bukit Aman today over an alleged violation of the movement control order (MCO), Malaysiakini reported today.
Govt mulls over allowing certain sectors to resume operations should Covid-19 infections drop some more
KUALA LUMPUR (April 24): If the number of Covid-19 positive cases continue to drop, Prime Minister Tan Sri Muhyiddin Yassin said the Government may consider allowing the resumption of operations of certain sectors and sub-sectors on a stage-by-stage basis.
KUALA LUMPUR (April 24): The Cement & Concrete Association of Malaysia (C&CA) has lauded the government’s decision to allow cement plants to resume operations, saying the industry has been suffering massive losses for the last two years with the Covid-19 pandemic exacerbating the situation.
KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said yesterday it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.
KUALA LUMPUR (April 23): IGB Real Estate Investment Trust’s net property income (NPI) fell 14.
KUALA LUMPUR (April 23): Perak state executive councillor Razman Zakaria will not be suspended despite being probed over the violation of the movement control order (MCO), Malaysiakini reported today.