News by THEEDGEMARKETS.COM

Citing the growing uncertainty over the duration and overall impact of the outbreak, the bank cut its 2020 gross domestic product (GDP) target for Malaysia to -0.1%, a significant drop from its earlier target of 4.5%.

In a statement, health director-general Datuk Dr Noor Hisham Abdullah also reported six new deaths.

"... the complainant wants the MACC to investigate the rise in costs of the ECRL project from RM30 billion to RM44 billion."

“The government should provide a more effective stimulus package to businesses, instead of unsustainable ones. Bottom line, what is needed is to ensure that businesses being the engines of the economy, driver of growth and providers of employment, survive this current crisis. If not, it benefits no one.”

Director-General, Datuk Dr Noor Hisham Abdullah explained that as long as the number of new cases are maintained at 150-200 cases daily, the outbreak is still manageable. 

"Nonetheless, we are prepared for the worst," he said.

Ventilators and other breathing equipment will be delivered soon, said The Edge Media Publisher and CEO Datuk Ho Kay Tat.

Meanwhile, 91 patients were discharged today — the highest single-day increase in recovered patients thus far — bringing the total number of people cured to 479.

This is because the allocated amount is not sufficient since it is estimated to cover only 3.3 million workers.

The biggest challenge for SMEs is cash flow as they evaluate how Malaysia’s RM250 billion Prihatin Rakyat Economic Stimulus Package will mitigate COVID-19’s economic impact on them.

Datuk Baljit Singh Sidhu: What they should do is take the offenders’ statements and let them off on police bail with the view of charging them later. This would be safer.