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MCO extension: Genting Malaysia resorts to remain closed until May 12

"We will continue to monitor the situation and make the necessary announcements as more information becomes available. We would like to assure you that, despite the temporary closure, we have heightened our already stringent hygiene practices to safeguard the health and safety of all our guests and employees. This will ensure that you have a safe and enjoyable experience once we reopen,” Genting Malaysia said.

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Hotel closures and layoffs inevitable

Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng: Based on the current situation, we are estimating up to 30% closures over six months (from when the MCO began on March 18) either permanently or temporarily.

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MTUC sec-gen wants gov’t to rein in ‘irresponsible’ employers

"While we concur with Muhyiddin's announcement yesterday to extend the MCO until May 12, we are also concerned with the latest World Bank report which said Malaysia, having announced an RM260 billion stimulus over the past month, has only limited fiscal policy space to further intervene if the Covid-19 fallout drags on."

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How is this crisis different?

At the EdgeProp.my Facebook Live Fireside Chat on April 17 titled “Will the Malaysian Property Sector Survive this Mother of All Crises?”, three industry veterans provided some clarity on what property buyers and investors should expect as they discussed the current pains plaguing the industry.

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