News about temporary

KUALA LUMPUR (Oct 11): The Dewan Rakyat on Monday passed the second reading of the government’s bill to increase the statutory debt limit to 65% of gross domestic product (GDP) from 60% previously.

KUALA LUMPUR (Oct 11): The government on Monday tabled the Temporary Measures for Government Financing (Coronavirus Disease 2019) Amendment Act 2021 Bill to increase the federal government’s statutory debt limit from 60% to 65% of gross domestic product (GDP).

KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GenM)’s Resorts World Genting, Resorts World Away, Resorts World Kijal and Resorts World Langkawi will be temporarily closed following the implementation of the Movement Control Order (MCO) in six more states.

PETALING JAYA (Oct 23): The Temporary Measures for Reducing the Impact of Coronavirus Diseases 2019 (Covid-19) Act, which was gazetted today, has offered some solutions to the property industry stakeholders and property buyers.

Inordinate delays in the Covid-19 “legal shield” has rendered it redundant and meaningless, but it is better to have an imperfect bill now as a starting point where future improvements can be made.

Prime Minister Tan Sri Muhyiddin Yassin had said ‘no Malaysian shall be left out under Covid-19 stimulus package’ when he addressed Parliament in the current sitting which commenced on July 13, 2020.

KUALA LUMPUR (July 24): Bank Negara Malaysia (BNM) has told analysts that upon expiry of the loan repayment moratorium by end-September 2020, banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

PETALING JAYA (May 6): The Real Estate and Housing Developers’ Association (Rehda) Malaysia and Master Builders Association Malaysia (MBAM) are appealing to the government to bear the cost for Covid-19 tests for construction workers.

PETALING JAYA (April 28): A 500-room 5-star hotel in the Klang Valley is preparing to halt operations until the end of the year, as hotels nationwide feel the brunt of the impact of the Covid-19 pandemic, FMT reported today.

KUALA LUMPUR (April 24): Genting Malaysia Bhd said Resorts World Genting, Resorts World Awana, Resorts World Kijal and Resorts World Langkawi will continue to be closed until May 12, following the announcement by Prime Minister Tan Sri Muhyiddin Yassin to extend Malaysia’s Movement Control Order (MCO).