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KUALA LUMPUR: Malaysia’s consumer price index (CPI) for April fell at a sharper rate of 2.9% from a year compared with a Bloomberg survey of a -1.6% decline due to transport and housing, gas and other fuels during the Movement Control Order (MCO).
KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects a sharp increase in festive giving via its online platform this year as Malaysians celebrate Hari Raya under a “new normal” due to the conditional movement control order (MCO).
PETALING JAYA: Malaysian Rating Corp Bhd (MARC) sees strong projected cash-flow coverage for solar power company Leader Energy Sdn Bhd and has rated its green sukuk wakalah of up to RM260mil at AA-IS.
KUALA LUMPUR: Residential customers who fear a surge in their electricity bills when the meter reading resumes could take some comfort from Tenaga Nasional Bhd’s relief package.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) sees strong projected cashflow coverage for solar power company Leader Energy Sdn Bhd and rated its green Sukuk Wakalah of up to RM260mil at AA-IS.
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) will resume operations of Kedai Tenaga progressively beginning May 12.
KUALA LUMPUR: Two of corporate Malaysia’s biggest players in the power and telecommunication sectors respectively have appointed a new chairman.
THE National Property Information Centre (Napic) released the overall property market statistics for the fourth quarter of 2019 with headline figures that suggest home prices are still on a rising trend while overhang remains a concern.
PETALING JAYA: The once vibrant Malaysian tourism sector, which has been hit hard by the crippling effects of the Covid-19 pandemic, will need to prepare for one of its steepest recovery slopes in history.
PETALING JAYA: The local hotel industry has already laid off 6% of its employees, with a growing number of its staff taking unpaid leave and pay cuts as the sector crumbles from the impact of the Covid-19 pandemic.