Ministry to continue ensuring liable business environment
KUALA LUMPUR: The Domestic Trade and Consumer Affairs Ministry (KPDNHEP) will continue the monitoring and enforcement operations to increase public confidence during the current situation. Its minister, Datuk Seri Alexander Nanta Linggi, said there were two main issues that caused concern among consumers, each involving factors of supply and prices of essential goods in the […]
Police: Defy order, face the music
KUCHING: Sarawakians who defy the mandatory nation-wide movement control order, which began yesterday, could be hauled up by the authorities. Under the Prevention and Control of Infectious Diseases Act 1988, eatery operators and patrons found guilty of ignoring the order are looking at a prison term of between two and five years, fine or both. […]
Selangor DUN sitting postponed
SHAH ALAM: The Selangor State Legislative Assembly (DUN) sitting, scheduled for two weeks beginning yesterday, is postponed in line with the Movement Control Order that will commence tomorrow. Speaker Ng Suee Lim said the postponement was proposed by Menteri Besar Datuk Seri Amirudin Shari and agreed by all the assemblymen. “Although we only sit for two days, […]
Conference postponed
KUCHING: Due to the Covid-19 outbreak, the International Conference on Responsible Tourism and Hospitality (ICRTH2020), which was slated for Aug 12-14, has been postponed to July 2021. “We deeply regret any inconvenience caused as a result of this postponement, but the safety and health of our conference speakers, delegates, sponsors and friends are our utmost […]
New govt needs to swiftly instill confidence to combat external headwinds
KUALA LUMPUR: The new government that is set to be formed with Tan Sri Muhyiddin Yassin as the 8th Prime Minister must ensure that effective policy implementation and national development reforms are in place without any delay, so as not to jeopardise Malaysia’s economic growth. At present, Malaysia is facing multiple threats from Covid-19 to trade war to its economy, […]
Stimulus package to address concerns, long term sustainability
KUALA LUMPUR: The measures announced in the Covid-19 stimulus package announced yesterday seeks to address the immediate concerns associated with the virus’ outbreak as well as the long-term economic sustainability of the country. Deloitte Malaysia country tax leader, Sim Kwang Gek said the economic aid focused on the sectors’ hardest hit by the disease is to ensure […]
RM20 billion economic stimulus package
PUTRAJAYA: Interim Prime Minister Tun Dr Mahathir Mohamad today announced RM20 billion Economic Stimulus Package to ensure risks to the economy due to Covid-19 can be addressed effectively. He said three strategies were outlined under the package, namely addressing the impact of the disease, catalysing people-based growth, and encouraging quality investment. Several plans have also been lined […]
Two badminton tournaments in Europe called off
KUALA LUMPUR: Two badminton tournaments have either been postponed or cancelled amid growing concern of Covid -19 outbreak in the European continent. The Badminton World Federation (BWF), in a statement issued today, stated that the upcoming 2020 German Open, slated to be held in Mulheim an der Ruhr from March 3-8, had been cancelled. The decision was made by the […]
Businesses in Asia Pacific battle to maintain operations
KUALA LUMPUR: Businesses in the Asia Pacific are struggling to maintain operations amidst the Covid-19 outbreak with almost 50 per cent of them stating they will be forced to restructure business operations to stay afloat if the situation worsens. This is according to the Tricor Group Covid -19 Business Sentiment and Resilience Barometer Report released recently. […]
Foreign selling continues on concerns over COVID-19 new cases
KUALA LUMPUR: Foreign investors continued to exit Bursa Malaysia in the first four days of the week, recording a total net outflow of RM304.65 million from Feb 17-20 against a net inflow of RM80.77 million from Feb 10-13. Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said this was due to concerns over the rise in new […]