Malaysia's stimulus packages have softened COVID-19 impact on economy, said Mustapa
He said Malaysia is fortunate to have a very diversified economy that does not depend on just one or two sectors
MBSB reports RM84m net loss in 1Q on higher impairment charges
This was despite revenue rising 2% to RM741.41 million, from RM727.22 million previously.
EcoWorld posts lower 2Q net profit due to MCO, but sees big rebound in sales during CMCO
The property developer said the mandatory closure of all its sales galleries and construction sites throughout the MCO period affected earnings, with revenue falling 36.4% to RM345.4 million from RM543.18 million a year ago.
Broga Hill ordered to close after hikers violate SOPs
The decision to close the hiking spot was made under Section 18 of the Prevention and Control of Infectious Diseases Act 1988 after photos of long queues of hikers waiting to enter Broga Hill went viral on social media.
Covid-19: Malaysia records four new infections, its third straight day of single-digit cases
Of the four new cases reported today, three were imported.
Zecon 3Q net profit jumps 59.6% to RM9.15m on hospital and Pan Borneo jobs
Reviewing its performance, Zecon said the initial stage of Movement Control Order had affected the targeted recognition of revenue from construction.
Deepak files fresh suit against Boustead over 223-acre lands in Selangor
Carpet businessman Deepak Jaikishan alleged that the defendants sought to wrongfully deprive him of two plots of land in Kapar, Klang measuring 96.83 acres and 81.09 acres respectively and 45.42 acres of land in Bukit Raja, Petaling.
Court to announce decision on 1MDB forfeiture suit against ex-minister on July 24
In June last year, the MACC initiated a civil forfeiture suit against 41 entities, comprising individuals, companies and political parties under the AMLATFPUA to recover about RM270 million believed to be linked to 1MDB.
PN may not proceed with takeover of Gamuda's four highways, says Affin Hwang
"We believe the new government is unlikely to proceed with the acquisition of Gamuda's toll highway stakes for RM2.36 billion, given the financial constraints as the federal government deficit is set to rise due to the economic stimulus measures.”
May's deflation not a reason for another OPR cut — economists
The view is that the current low OPR of 2%, coupled with large-scale stimulus packages and other measures introduced by the Government, have provided ample support for the country’s economy amid the COVID-19 crisis.
