News by Yasmin Syazwina

"We are hopeful that the reduced price tags will encourage car buyers to invest in a car built with safety in mind and in the short-term period, recharge the automotive industry in Malaysia."

Volkswagen Passenger Cars Malaysia said these adjustments will take effect from June 15 until Dec 31, 2020.

In a bourse filing today, the group said its earnings per share also fell to 3.71 sen from 4.40 sen.

"The details of the plan that would put a transit station next to Genting's planned waterfront casino also lay out the financial hurdles to getting it built."

In a statement to Bursa Malaysia today, MyEG said employees, including foreign workers, who are contributors to the Social Security Organisation (Socso) are eligible to have the cost of testing covered by Socso’s Prihatin Screening Programme.

StanChart's managing director and chief executive officer Abrar A Anwar said the central bank’s rate cut will help to improve domestic economic conditions weakened by containment measures and border closures that were implemented to curb the Covid-19 outbreak.

"Given that BNM has already cut 50bps since the start of the year, a 50bps cut in May would be appropriate, in our view, in balancing between the need to extend monetary policy support and stability in monetary policy decisions."

"By allocating 200 beds to take in patients from public hospitals when the need arises, we help ease the burden on the public healthcare system and enable the health ministry to focus on treating Covid-19 cases."

According to the commission, the inevitable surge in bandwidth demand locally is fuelled by higher usage of video conferencing, learning and shopping over the internet caused by the implementation of the MCO.

HLIB said the earnings cut largely stems from flat-to-negative rental reversion imputed for expiring tenancies and the assumption on lower turnover sales from retail segments.