News by THEEDGEMARKETS.COM

The MoF hopes this decision will ease the burden of the people during the current difficult time.

“About 40,000 or 96.8% of respondents said they had benefited from the Prihatin Economic Stimulus Package announced by the government on March 27, of which 68.2% said they had received three forms of assistance, whereas 13.9% received two and 17.9% received one,” the DOSM said in a statement today.

In a statement, it said RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will reduce their BR from 3.25% to 2.75% per annum, and will also revise their BLR from 6.2% to 5.7% per annum.

Yuen will also step down from his roles as chairman of Ikhmas Jaya’s risk and audit committee and as a member of its remuneration and nomination committee, according to the filing to Bursa Malaysia.

Public Bank said its fixed deposit rates will also be correspondingly adjusted by 50bps.

In a joint statement, the presidents and chairmen of the chambers of commerce and associations said they share the conviction that it is critical for business operations to be resumed nationwide while encouraging all state governments to follow the federal government’s decision and restart the economy, given the close interlinking of supply chains between states.

This was as a result of travel restrictions imposed from the Covid-19 outbreak and Movement Control Order (MCO) enforced by the government, said the group, which comprises KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT).

Meanwhile, 83 patients were discharged today, bringing total recoveries in the country to 4,567.

Several state governments have issued their own orders. The effect is to prohibit certain activities that have been allowed under federal regulations (No 5).

In a statement, the central bank’s Monetary Policy Committee (MPC) said the ceiling and floor rates for the OPR have thus been reduced to 2.25% and 1.75% respectively.