News about Malaysia

KUALA LUMPUR (March 27): The government will be focusing on domestic investment activities that have high multiplier effects and can create jobs, said Prime Minister Tan Sri Muhyiddin Yassin in a speech today.

KUALA LUMPUR (March 27): Malaysia is setting aside RM1 billion more from its economic stimulus package announced today for its Health Ministry to procure more medical equipment as well as healthcare services from the private sector to combat the coronavirus pandemic.

KUALA LUMPUR (March 27): Prime Minister Tan Sri Muhyiddin Yassin has announced measures that will lighten three commitments that employers face to address the cash flow constraint that is weighing on businesses that have been affected by the COVID-19 outbreak.

KUALA LUMPUR (March 27): The government will subsidise RM600 for each worker earning below RM4,000 for three months, applicable to companies whose income has halved since January, said Prime Minister Tan Sri Muhyiddin Yassin.

KUALA LUMPUR (March 27): The government is allocating RM250 billion for a stimulus package to counter the threat of the COVID-19 pandemic to its economy, which includes the RM20 billion it previously announced in late February.

KUALA LUMPUR (March 27): In line with Bank Negara Malaysia (BNM)’s decision to grant an automatic moratorium on loan payments for six months following the escalation of the fallout of Covid-19, Malaysian banks are doing their bit by announcing that they will not compound interest and profit rates on their loans.

PETALING JAYA (March 27): The Health Ministry has detected five "generations" of positive COVID-19 cases that were linked to the tabligh gathering in the Seri Petaling Mosque last month, the Star reported today.

KUALA LUMPUR (March 27): Director-General of Health Datuk Dr Noor Hisham Abdullah said there has been one more death due to COVID-19 that was reported to the National Crisis Preparedness and Response Centre, bringing the total number of deaths in Malaysia to 24.

PETALING JAYA: From the political turmoil which resulted in a change in government to the COVID-19 pandemic that has placed the country in partial lockdown coupled with the stock market meltdown — recent developments in Malaysia have been far from favourable.

KUALA LUMPUR (March 27): RHB Banking Group became the first local bank to announce that it will not be compounding interest for its retail and small and medium enterprise (SME) customers during the six-month moratorium period recently announced by Bank Negara Malaysia (BNM).