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According to the property developer, the sector has a multiplier effect on more than 140 industries and is reliant on domestic consumption.

In a filing today, Eversendai said its unit Eversendai Offshore RMC FZE had signed the MoU, which will see Eversendai and Hyundai collaborating to explore business opportunities in the international market, including delivering competitive proposals based on both companies’ joint expertise and experience.

The updated ruling was published under the Prevention and Control of Infectious Diseases (Measures within Infected Local Areas) (No. 4) Regulations 2020 which take effect from April 29 to May 12, and signed off by Health Minister Datuk Seri Dr Adham Baba.

Hotels were not included in the list of permitted sectors under the first, second or third phases of the MCO to operate at full capacity, the Malaysian Association of Hotels pointed out in a notice to its members today.

Notably, the country is continuing its trend of double digits in daily infections for 12th consecutive days.

MICCI president Datuk Tan Cheng Kiat: A prolonged MCO will have far more damage to the country’s well-being than the epidemic itself, given that the death rate is exponentially lower than existing non-communicable diseases or even the common flu.

In a statement, Mohamed Azmin said this was decided in the National Security Council meeting today, which discussed the recommendations of the Economic Action Council following the latter's own meeting yesterday.

The duo were jointly charged with 13 others.

The unit is Parkson (Cambodia) Co Ltd (PCCO), which is wholly-owned by Parkson’s 67.96%-owned subsidiary, Parkson Retail Asia Ltd (PRA).

For the vast majority of bottom 40% Malaysian households living on less than RM4,360 a month, the prolonged shutdown of businesses could mean rising poverty and hunger. In anticipation of the economic distress, the government has responded promptly by announcing a RM250 billion economic stimulus package.