News by THEEDGEMARKETS.COM

There are now 44 active clusters in the country. The bulk (or 1,044) of active cases were detected in the Cergas cluster, involving the states of Negeri Sembilan, Kelantan and Selangor.

Meanwhile, 803 patients were cured and discharged, bringing the total number of recoveries to 33,772.

“Our key focus for the next two months would be on the swift conversion of these bookings into sales, and hence, we believe we have a fair chance to achieve our sales target of RM3.8 billion set for this financial year,” S P Setia president and CEO Datuk Khor Chap Jen

The Klang Valley today saw a spike of 567 cases, an increase of 2.5 times from 224 cases reported yesterday

The second-highest figure reported in a day

Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus: While it [a blanket moratorium] puts money in people's pocket in the short term, it creates a lot of economic distortions and has a negative impact on the economy.

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus: As domestic economic activities resume and external demand picks up, broad income conditions should also improve gradually and support spending

Bank Negara Malaysia governor Datuk Nor Shamsiah Yunus: We recognise that the recent implementation of containment measures due to the resurgence of Covid-19 cases could somewhat affect our growth momentum in the final quarter of the year

"An expansionary fiscal policy has been necessary to support economic recovery the world over. What is key is the government's commitment to gradually embarking on a fiscal consolidation path in the medium term.”

The research house’s analyst Jessica Low Jze Teing said in a note today that while she had anticipated property sales to recover in the second half of 2020 (2H2020) due to incentives in Short Term Economic Recovery Plan (Penjana) and record low interest rate, she believed the worsening Covid-19 situation in Malaysia would derail the property sales recovery as the economic outlook turns uncertain.