Ekovest 3Q20 profit down on weaker construction, property and toll op business
Quarterly earnings per share slumped to 0.32 sen from 1.37 sen in 3QFY19, Ekovest’s bourse filing showed.
IGB posts lower 1Q profit of RM17.7m amid weak property and tourism markets
IGB’s hotel division reported a loss in 1QFY20, while its property development business, which does not have any project under construction currently, recorded weaker sales of completed Stonor 3 condominium units. As for its construction and others' segments, losses widened.
MACC calls in Warisan VP Peter Anthony to assist investigation on Sabah roadworks maintenance contracts
Last month, Sabah Umno called for the anti-graft agency to investigate allegations that Peter was involved in the issuing of contracts worth RM1.55 billion under the ministry led by Peter, which was done via direct award.
Govt offers RM1.6b financing aid for contractors to kick-start small scale public projects
Under this programme, dubbed the SME Go-Scheme, Prime Minister Tan Sri Muhyiddin Yassin announced that SME Bank will provide financing support to contractors and vendors who were awarded small Government projects under the Economic Stimulus Package 2020 and the PRIHATIN stimulus package.
Penjana looks to reinvigorate tourism sector with RM1b financing support and RM1.8b tax breaks
Prime Minister Tan Sri Muhyiddin Yassin: To aid the tourism sector, an RM1 billion Penjana Tourism Financing (PTF) facility will be made available to finance transformation initiatives by SMEs in the tourism sector to enable them to remain viable and competitive in the new normal. Details of this fund will be announced by Bank Negara Malaysia (BNM) in July 2020.
Banks offer additional RM2b SME loans at 3.5% subsidised rate
The financing facility will be made available in mid-June 2020 with a maximum loan size of RM500,000 per SME.
Penjana economic package: No sales tax on locally-assembled cars purchased between June and end-December
The new rates are applicable for purchases made from June 15, 2020 to Dec 31, 2020
Three-month extension for wage subsidy programme
Under the wage subsidy programme, eligible employers may receive a subsidy of RM600 per employee.
EPF's Kwasa Land appoints K C Yam as chairman
Datuk Seri Michael K C Yam is taking over the position from Tan Sri Samsudin Osman following the latter’s retirement.
Govt to draft Covid-19 temporary relief bill to streamline relief measures with the law
Minister in the Prime Minister’s Department Datuk Takiyuddin Hassan said the Bill will involve amendments in several existing Acts as part of efforts to rebuild the economy and assist the people after the pandemic.
