News by M

“With every country taking aggressive and effective measures, I believe the pandemic can be brought under control."

Essential services, which include supply of utilities, cleaning, security, sewerage, mechanical and electrical, must not be disrupted.

Hence, industry stakeholders must be adequately armed with proactive measures to keep the risk of virus exposure to a minimum, especially in premises such as shopping malls and office buildings where the public will access for essential services.

The report said Tong Poh Kim, 44, was charged at the magistrate's court in Petaling Jaya today.

"It is estimated that 5.5 million sq ft of office space will be completed each year until 2021, far exceeding the average annual demand of 2.3 million sq ft per annum over the past three years."

MIPEAC wants the government to consider waiving the RPGT in 2020. 

The deferment package allows small and medium enterprises (SMEs) and individuals to delay their loan repayments up to six months from April 1. The deferment includes conventional loans and Islamic financing repayment obligations (including mortgage loan and hire purchase loan), except for credit card balances.

BNM said in its Financial Stability Review for Second Half 2019 that the ratio of overall household debt-to-GDP rose to 82.7% as at end-2019 amid slower GDP growth, and remained elevated relative to regional peers.

The committee’s aim is to strike a balance between the nation’s economic priorities and the effective enforcement of the MCO.

BNM estimated that capital spending on major transport infrastructure projects of about RM15 billion is expected to lift 2020 gross domestic product (GDP) by 1 percentage point (ppt). 

However, the ministry now faces the issue of distributing the PPEs to the respective hospitals in need of the gears, especially in Sabah and Sarawak.