News about Malaysia

KUALA LUMPUR (Jan 25): CGS-CIMB Securities Sdn Bhd said today the worst is likely over for the share price of retail-centric CapitaLand Malaysia Mall Trust (CMMT) in anticipation that the Covid-19 pandemic vaccine rollout in March 2021 will help turn around the country’s retail sector.

KUALA LUMPUR (Jan 24): The European Chamber of Commerce and Industry (Eurocham) Malaysia has denied that the government had warned that it would impose a lockdown immediately after Feb 4.

KUALA LUMPUR (Jan 21): Genting Malaysia Bhd (GenM)’s Resorts World Genting, Resorts World Away, Resorts World Kijal and Resorts World Langkawi will be temporarily closed following the implementation of the Movement Control Order (MCO) in six more states.

KUALA LUMPUR (Jan 18): In an instant reaction to Prime Minister Tan Sri Muhyiddin Yassin’s RM15 billion economic stimulus package announcement today, Bank Negara Malaysia (BNM) said loan takers can request repayment moratorium and that their Central Credit Reference Information System report will not be affected at a time when the nation contends with the economic impact of the Covid-19 pandemic.

KUALA LUMPUR (Jan 18): Local hoteliers say the RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (Permai) assistance package, which was just announced by Prime Minister Tan Sri Muhyiddin Yassin, falls short of expectation as the tourism industry continues to grapple with struggling businesses amid the on-going Covid-19 pandemic and recently imposed Movement Control Order (MCO 2.

PETALING JAYA (Jan 18): Uncertainties are looming over the nation’s construction sector as political instability, meshed with the movement control order (MCO) implementation, are dampening the speed of the sector’s recovery, but analysts are seeing some silver linings backed by Budget 2021’s infrastructure allocation.

PETALING JAYA (Jan 18): Although the residential market showed a slight recovery post-Movement Control Order (MCO) 1.

KUALA LUMPUR (Jan 17): The Malaysia Budget Hotels Association (MyBHA) yesterday demanded that the government act fast to help its association members, their employees and all tourism players who are hugely impacted by the reinstatement of the movement control order (MCO).

KUALA LUMPUR (Jan 15): Genting Malaysia Bhd's (GenM) wholly-owned subsidiary Genting UK plc permanently closed its Genting Casino Southport (pictured), in the north west of England, with 38 staff members facing redundancy.

KUALA LUMPUR (Jan 15): DBS Group Research is predicting Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps), which would bring the interest rate to a new low of 1.