Monday, April 6, 2020
With more and more companies issuing mandatory work-from-home policies due to the rising severity of COVID-19, the business world has seen a dramatic rise in the usage of video conferencing. Online communication platforms like Zoom or Skype has seen a massive increase in usage over the past few weeks...
Malaysia Braces for First Recession Since Global Financial Crisis Malaysia’s gross domestic product is now expected to shrink 0.1% this year, down from an earlier forecast for 4.5% growth, the World Bank said in a report Monday. Analysts from RHB Bank Bhd. and Oversea-Chinese Banking Group Ltd. also warned of...
Singapore’s central bank has just recently announced that local lenders will offer more relief for consumers and businesses that have been put under siege by the sharp economic dip and COVID-19 outbreak. Some of these aid measures include a freeze on mortgage and business loan payments and cuts to...
COVID-19 has without a doubt become a global pandemic; forcing many businesses to shut their doors and employees to continue their work from the safety of their homes. Startup funding all throughout Asia is expected to take an immense hit, especially since many nations appear to be having a...
Sales in 30 major cities in China triple with coronavirus crisis abating China’s private housing market is springing back to life as more sales offices reopened across the country following a nationwide shutdown, saving home builders from a deeper financial slump this year. Transactions in at least eight large cities,...
The Malaysian Institute of Estate Agents (MIEA) has expressed concern and worry for the wellbeing of an estimated 25,000 Real Estate Agents and Real Estate Negotiators in the country. MIEA said in a statement that the movement control order (MCO) has brought the real estate fraternity to a “Grinding...
In second phase of MCO, eateries, markets, petrol stations can only operate from 8am to 8pm The second phase of the movement control order (MCO) will see tighter measures implemented and operation hours of certain services reduced. Senior Minister Datuk Seri Ismail Sabri Yaakob said eateries, markets, and petrol stations...
The Department of Statistics said Malaysia is expected to see softer economic growth in the months ahead after the Leading Index (LI), which gauges economic direction, showed a slower year-on-year growth of 0.7 per cent in January this year compared to 1.9 per cent in December 2019. Chief statistician...
SME Malaysia Survey: A third of SMEs only have enough cashflow for March expenses The SME Association of Malaysia (SME Malaysia) in partnership with Bizsphere Brand & Marketing Group (Bizsphere) launched a survey on 29 March and had attracted 15,627 SME responses in less than 18 hours. The survey titled...
The number of COVID-19 cases in Malaysia is on the rise. The situation has become severe enough that the government had announced an extension to country’s the Movement Control Order (MCO) just last week. Recently, the government also announced a RM250 billion stimulus package in order to combat the...
The Ministry of Human Resources, through SOCSO has initiated a new programme to help employees that are affected by the COVID-19 outbreak. This is part of the PRIHATIN economic stimulus package as announced by Prime Minister Tan Sri Muhyiddin Yassin. Through this new programme, businesses who have experienced a drop...
Malaysia-China Chamber of Commerce calls for greater efforts to assist SMEs The Malaysia-China Chamber of Commerce (MCCC) is urging the government to step up efforts to further help the small and medium-sized enterprises (SMEs) to overcome difficulties and avoid the possible tide of unemployment. The chamber suggests the government pay...

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