News about Malaysia

KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 50 basis points (bps) to 2%, a level last seen during the 2008-09 global financial crisis.

KUALA LUMPUR (May 5): The Malaysian Anti-Corruption Commission (MACC) is investigating a company over its RM30 million contract to supply mass testing laboratory systems to a ministry, The Malaysian Insight reported yesterday.

KUALA LUMPUR (May 5): Hong Leong Investment Bank Bhd (HLIB) said today it sees the likelihood of property developers in Malaysia revising sales and launch value targets as the Covid-19 pandemic takes its toll on the broader economy.

KLANG: The Selangor government decided against allowing dine-ins at eateries in the state during the Conditional Movement Control Order (CMCO) period announced by Prime Minister Tan Sri Muhyiddin Yassin on May 1, various agencies reported today.

KUALA LUMPUR (May 2): The Ministry of Health (MoH) announced 105 new confirmed infections, including 11 imported cases, as at noon today — the first time in slightly more than two weeks the daily new cases figure went above 100.

KUALA LUMPUR (May 2): Rare earths producer Lynas Corp said on Friday it will reopen its processing plant in Malaysia at the start of next week as the Southeast Asian nation eases restrictions imposed since March to control the spread of Covid-19, Reuters reported yesterday.

KUALA LUMPUR (May 1): The Ministry of Health (MoH) announced that the number of confirmed positive Covid-19 cases among Malaysians who return from overseas increased to 263.

PETALING JAYA (May 1): The Malaysia Shopping Malls Association (PPK) is calling for the enactment of the Covid-19 Act purportedly to protect businesses and jobs to protect both landlord and tenant in genuine situations with no abuse for a “free-ride”.

KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.

KUALA LUMPUR (April 30): CapitaLand Malaysia Mall Trust (CMMT) has committed to RM35 million in rental relief for shopping mall tenants in non-essential services during the movement control order (MCO) period.