News about Malaysia

KUALA LUMPUR (March 26): AmBank Group Research said the coronavirus-induced recession is expected to place both the global economy as well as the Malaysian economy into technical recession.

KUALA LUMPUR (March 26): Housing prices in Malaysia are under pressure and Malaysian homebuyers could pick up some real bargains soon as the property market turns sour with the current COVID-19 outbreak, according to real estate consultancy Savills Malaysia managing director Datuk Paul Khong.

KUALA LUMPUR (March 25): The Malaysian Rubber Gloves Manufacturers Association (Margma) is warning of the possibility of there being a chronic shortage in medical gloves, despite the industry working on an overdrive to meet both local and international demands, amid the deepening COVID-19 outbreak.

KUALA LUMPUR (March 25): UDA Holdings Bhd has donated over RM100,000 worth of supplies to assist hospitals and the frontliners in the fight against the COVID-19 pandemic in Malaysia.

KUALA LUMPUR (March 25): The Ministry of Health announced that four more people have died from COVID-19 as of this afternoon, while the country registered 172 new cases.

KUALA LUMPUR (March 25): The Association of Banks in Malaysia (ABM) said its member banks are currently working out the full details of the proposed six-month moratorium on loan repayments to ensure they will be efficiently executed with minimum inconvenience to customers.

KUALA LUMPUR (March 25): The Ministry of International Trade and Industry (MITI) said companies producing essential goods that have obtained the ministry’s approval can continue operations, as the approval will remain valid throughout the extended Movement Control Order (MCO) period ending April 14.

PETALING JAYA (March 25): Malaysian non-governmental organisations (NGOs) have banded together to prepare free lunches for the B40 group who have been affected by the current Movement Control Order (MCO), the Malay Mail reported today.

KUALA LUMPUR (March 25): As Malaysia entered day eight of the two-week long movement control order, police today revealed that at least 110 people have been arrested for defying the order, the Malay Mail reported today.

KUALA LUMPUR (March 25): The Malaysian Trades Union Congress (MTUC) has welcomed Bank Negara Malaysia (BNM)’s directive to financial institutions to provide a six-month reprieve on loan instalment payments amid the economic fallout of the COVID-19 pandemic.