News by theedgemarkets.com

"For employees who have critical roles and are required to be physically present at the office or other facilities, Celcom will implement necessary measures and standard operating procedures based on business continuity management (BCM) guidelines, including resource planning, and continue with daily premise sanitisation works, workplace hygiene checks and safety measures on top of the telco’s ongoing precautions."

MOH said 12 COVID-19 patients have been placed under intensive care units (ICU), up from nine yesterday

"The Malaysian Bar is dismayed at the government’s delay in instituting a lockdown of the nation due to the recent spike in COVID-19 cases."

State Disaster Management Committee: This will come into effect on March 18, 2020. The relevant agencies will monitor the SHN holders through random visits, phone calls and modern technology applications

Malaysia Aviation Group (MAG) group chief financial officer Boo Hui Yee: Our immediate priority is to stem losses, save cash and sustain the business against the highly 'changeable' uncertainty of the COVID-19 pandemic.

And what were people buying? Yes , it's toilet paper! Other items that have been flying off the shelves include canned food, instant noodles, frozen food like dumplings, pasta and mushrooms plus rice, flour and eggs are also selling fast.

The proceeds raised from the sukuk will be utilised for the group's landbanking, investments and working capital, as well as the refinancing of its existing borrowings and/or redemption of unrated perpetual securities.

"With Tan Chong Motor Group’s expansion into Indochina and Myanmar, particularly Vietnam, there are series of projects, that is, extension of assembly plant, body shop, trim and chassis and new warehouses that need to be constructed by the group to cater for the business expansion."

The tourism industry will be the worst hit sector with estimated losses of RM3.3 billion for the first two months of this year.

Judicial management is a method of debt restructuring where a qualified insolvency practitioner is appointed as an independent judicial manager to rehabilitate a financially-troubled company.