News by syafiqah Salim

HLIB analyst Nazira Abdullah said that although historically, the widened yield spread between M-REITs and Malaysian Government Securities (MGS) bodes well for REITs' share prices, it may not be the case this time because the Covid-19-driven restricted movement policies in Malaysia have impaired the retail industry, which constitutes a large portion in M-REITs.

“To enable actions for improvement taken by the head of department, the National Audit Department has presented 63 recommendations to ministries.”

The country reported a double-digit number of new infections again after five straight days  of single-digit daily cases since July 5.

No death was reported for 25 days in a row.  Thus, Malaysia’s Covid-19 death toll remains at 121, representing 1.39% of total cases.

The last case in this cluster was reported on June 11, involving a student from the Philippines who attended a tahfiz school in Sungai Lui, Hulu Langat, Selangor.

And with no new fatalities reported, the death toll remained at 121 — unchanged for the 24th day in a row — representing 1.39% of total infections.

It is the sixth consecutive day that the number of active cases remained under 100.

The number of active cases fell to 71 today — the lowest since the start of the Movement Control Order (MCO) period — with patients already isolated and given treatment.

“We will not swab (take a swab of) everyone; we will only swab those who have symptoms.”

This is the fifth straight day Malaysia has experienced a single-digit number of new infections since June 29.