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MoH said 37 new cases were detected among Patient-Under-Investigation (PUI). Meanwhile, the remaining four cases contracted the disease through close contact.

The report said the challenges include the local retail sector’s lacklustre performance and the requirement for foreign entrants to sell 30% of the business to a local within three years of its entry into the market.

The proceeds raised from the sukuk will be utilised for the group's landbanking, investments and working capital, as well as the refinancing of its existing borrowings and/or redemption of unrated perpetual securities.

"With Tan Chong Motor Group’s expansion into Indochina and Myanmar, particularly Vietnam, there are series of projects, that is, extension of assembly plant, body shop, trim and chassis and new warehouses that need to be constructed by the group to cater for the business expansion."

The tourism industry will be the worst hit sector with estimated losses of RM3.3 billion for the first two months of this year.

Jing Fong's second location on the Upper West Side, saw business has dropped by only 20%, which signals that the issue is not so much people avoiding Chinese restaurants but avoiding the city’s various Chinatowns.

Prime Minister Tan Sri Muhyiddin Yassin told the Malaysian public that the COVID-19 crisis is not expected to end soon, given the increasing number of infected cases globally. Back home, he said the rising new cases have been traced to two COVID-19 clusters, mainly involving Malaysians.

They are Full Gospel Assembly (FGA), in Kuala Lumpur, and Glad Tidings and SIBKL, in Petaling Jaya.

Health director-general Datuk Dr Noor Hisham Abdullah said 38 cases were detected among Patient-Under-Investigation (PUI) while one case contracted the disease through close contact.

Judicial management is a method of debt restructuring where a qualified insolvency practitioner is appointed as an independent judicial manager to rehabilitate a financially-troubled company.