MIDF offers financial relief to clients
KUALA LUMPUR: Malaysian Industrial Development Finance Bhd (MIDF) is offering financial relief to assist its existing clients in dealing with the expected slowdown in economic growth due to the Covid-19 outbreak. The relief measures, offered through MIDF’s Development Finance Division (DFD), would include deferment of monthly repayments, rescheduling and restructuring of financing as well as extension […]
Property sector not directly impacted by coronavirus
KUALA LUMPUR: The residential property sector is not expected to be as badly impacted as tourism or foreign direct investments by the prolonged Covid-19 outbreak, says PropertyGuru. Even though Malaysia may see a decline in foreign purchasers such as from Hong Kong and China and a delay in projects throughout the supply chain following the Covid-19 outbreak, Malaysia’s property […]
Cash flow constraints in Malindo Air?
AIRLINES-COVID-19 KUALA LUMPUR: As countries close their borders for passengers especially from the influenza Covid-19 hit nations, airlines have started to feel the shivers with Malaysia’s Malindo Air citing cash flow constraints. Some have announced cost-cutting measures such as salary cuts for management and cabin crew, while others reduced growth and passenger target. In Malaysia, Malindo Air seems to be the first to […]
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. […]
Offer promotions to entice domestic tourists
KUALA LUMPUR: Tourism service providers such as airlines, hotels, restaurants and theme parks, should have promotional offers to entice domestic tourists in order to generate more traction on Visit Malaysia 2020 (VM2020) campaign efforts, said Malaysian Association of Tour and Travel Agents (Matta) president Datuk Tan Kok Liang. He said this move would attract more local tourists and reduce the […]
Covid-19 has indirect effect on state tourism
KUCHING: Although tourist arrival from China in Sarawak is not high, the coronavirus disease (Covid-19) outbreak has indirect effect on the local tourism industry. Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Sim Kiang Chiok stated that last year, Sarawak has only 40,000 China nationals visiting Sarawak out of the total arrival […]
Impact assessment to determine stimulus package
Wuhan Virus Impact BUTTERWORTH: The Finance Ministry (MOF) will be looking at the estimated duration of the impact from the 2019 novel coronavirus (2019-nCoV) outbreak before determining the amount for the stimulus package to assist the sectors affected. Minister Lim Guan Eng said the MOF will be obtaining the Health Ministry’s input in terms of […]
Computer prices up ― blame it on the virus
WUHAN VIRUS WATCH MUKAH: The impact of novel coronavirus 2019 (2019-nCov) is far and wide to the extent of causing the prices of computers and accessories to increase. A computer sales and service outlet proprietor here yesterday claimed that the prices of computers, laptops as well as accessories had gone up. According to him, the […]
Malaysia records funds outflow of RM409.14 mln amid outbreak
Wuhan Virus Impact KUALA LUMPUR: Foreign investors were net sellers in the local equity market last week, recording a total net outflow of RM409.14 million from Jan 28-30 against a net inflow of RM23.48 million from Jan 20-23. Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said this came after news about the 2019 novel […]
