MALAYSIA

Image

MALAYSIA

9,149

Total Cases

125

Total Deaths

8,828

Total Recovered

196

Total Active Cases

0

New Deaths

+20

New Cases


via malaymail08/14/2020

Covid-19 hits Carlsberg Malaysia hard as revenue drops 23.1pc, net profit down 45.3pc in 1H 2020 - Malay Mail

SHAH ALAM, 14 Aug — Carlsberg Brewery Malaysia Berhad (the Group) reported a substantial decline in both revenue and net profit for the period ended June 30, 2020 (1HFY20) that were attributed primarily to the critical measures undertaken by the governments and peoples in Malaysia and Singapore...

via malaymail08/14/2020

Long wait for Malaysia as a hub for Covid-19 vaccine trials — Ameen Kamal - Malay Mail

AUG 14 — Despite being proactive in demonstrating its capabilities and signalling that it is keen to participate in clinical trials of Covid-19 vaccine, late-stage clinical trials are being conducted elsewhere, leaving Malaysia in the lurch. Our country has been pushing for access to Covid-19...

via malaymail08/14/2020

Ismail Sabri says 203 more people caught flouting Covid-19 SOP during RMCO, 159 fined - Malay Mail

KUALA LUMPUR, Aug 14 — Police nabbed a total of 203 people yesterday for failing to comply with the health standard operating procedures to curb the spread of Covid-19 cases in Malaysia, Datuk Seri Ismail Sabri Yaakob announced today. The senior minister said 44 were remanded and the remaining...

via malaymail08/14/2020

Slim by-election: EC enforces tight Covid-19 preventive measures - Malay Mail

TANJUNG MALIM, Aug 14 — The Election Commission will apply and ensure strict enforcement of Covid-19 Preventive Guidelines during the Slim state seat by-election. EC Secretary Ikmalrudin Ishak said the guidelines will be enforced at all stages of the election process from the briefings for staff,...


via malaymail08/14/2020

Perak ‘pink wristband woman’ gets a day in jail, RM8,000 fine for flouting Covid-19 home quarantine order - Malay Mail

IPOH, Aug 14 — Nur Emah Mohamad Hashim was today sentenced to be jailed one day and fined RM8,000 for violating a home quarantine order meant to prevent the spread of the Covid-19 virus. Dubbed the “pink wristband woman” for the mandatory tag worn to identify a “Person Under Surveillance”...

via malaymail08/13/2020

Gas Malaysia Bhd’s net profit eases to RM44.62m in Q2 - Malay Mail

KUALA LUMPUR, Aug 13 — Gas Malaysia Bhd’s net profit fell to RM44.62 million for the second quarter ended June 30, 2020 (Q2 2020) from RM49 million in Q2 2019. Meanwhile, its revenue also declined by 11.3 per cent year-on-year to RM1.54 billion from RM1.73 billion previously, attributed to...

via malaymail08/13/2020

Covid-19: Jupiter Ship Cluster ends in Sarawak, zero new cases today - Malay Mail

KUCHING, Aug 13 ― The Jupiter Ship Cluster has officially ended today after no new Covid-19 cases were reported within 28 days from the date the last case was reported on July 17, said the State Disaster Management Committee (SDMC). It said with the end of this cluster, the state’s remaining...

via malaymail08/14/2020

AirAsia reminds Malaysia, Singapore cross-border travellers to abide by Covid-19 measures - Malay Mail

KUALA LUMPUR, Aug 14 — AirAsia has reminded travellers to abide by the Covid-19 prevention and public health measures which are mutually agreed by Malaysia and Singapore under the Reciprocal Green Lane (RGL) scheme, which includes undergoing pre-departure and post-arrival Covid-19 polymerase...

via malaymail08/14/2020

Covid-19: New cases rise to 20 today, with 13 local transmissions - Malay Mail

KUALA LUMPUR, Aug 14 — Malaysia today recorded 20 new Covid-19 cases, up from 15 yesterday, bringing the total number of infections to 9,149. The Ministry of Health (MOH) posted on its Facebook page that seven cases were imported while 13 were local transmissions. There were no recorded deaths...


via themalaysianreserve08/14/2020

Malaysia, UAE cooperate to share best practices in handling COVID-19 - The Malaysian Reserve

THE Institute of Diplomacy and Foreign Relations (IDFR) under the Foreign Ministry has cooperated with Rabdan Academy, an institute from United Arab Emirates (UAE), to share knowledge on the best practices for both countries in curbing the spread of COVID-19.The cooperation was agreed on during a virtual conference which covered three major themes, namely, policing system, healthcare and international relations.Deputy Foreign Minister Datuk Kamarudin Jaffar (picture) said the initiative was an impetus for future relations and deeper cooperation between the two countries where the session will be crucial to help both sides in preparation of any or similar circumstances in the future.

via reuters08/14/2020

EMERGING MARKETS-Asia stocks, currencies fall as China data dents recovery hopes - Reuters

A surprise fall in Chinese retail sales knocked Asia's emerging market stocks and currencies on Friday, on fading hopes the world's second-largest economy could make a swift recovery from its COVID-19 slump. Investors had taken recent data from the world's second largest economy, the first to emerge from lockdowns against the coronavirus, as an indicator it was getting back up to speed, but July retail sales unexpectedly fell and factory output missed estimates. Asian markets most heavily correlated with Chinese demand and global trade flows fell sharply with Seoul stocks diving 1.6%, while markets in Kuala Lumpur and Bangkok losing around 0.7%. The falls were more muted on currencies, with the won down 0.2% and Indonesia's rupiah around half a percent, while the Philippines peso gained. In China, the yuan was little changed and the Shanghai Composite Index fell by close to a fifth of a percent. "I would say it's more a kneejerk reaction," said Julian Wee, an investment strategist at Credit Suisse in Singapore, referring to the fall. "The data overall indicates that the reopening is still proceeding smoothly in North Asia and the vigilance of the authorities in both China and Korea suggests a meaningful reversal of the reopening is unlikely." Data from Malaysia also showed gross domestic product shrank more than expected in the second quarter - its worst contraction in over two decades - but the central bank said the worst was likely over. Malaysian shares and the ringgit stuck roughly to trading ranges prior to the numbers. The central bank expects the economy to contract between 3.5% and 5.5% this year, before rebounding and growing between 5.5% and 8% in 2021. Traders remain cautious ahead of trade talks between the United States and China on Saturday, at a time where relations between the two are fraught and the U.S. presidential election approaches. HIGHLIGHTS: ** Malaysia's economy shrank by 17.1% in Q2, compared with Reuters poll forecast of a 10% decline ** China Industrial output grew 4.8% in July from a year earlier, less than forecasts for a 5.1% rise; Retail sales dropped 1.1%, missing predictions for a 0.1% rise ** Top losers in Malaysia include Top Glove Corp and Hartalega Holdings Bhd Asia stock indexes and currencies at 0410 GMT COUNTRY FX RIC FX FX INDEX STOCKS STOCKS DAILY % YTD % DAILY % YTD % Japan +0.02 +1.60 0.10 -1.62 China -0.02 +0.23 -0.16 8.70 India +0.00 -4.62 0.41 -6.75 Indonesia -0.47 -6.02 0.05 -16.79 Malaysia -0.07 -2.48 -0.73 -1.51 Philippines +0.18 +3.85 -0.90 -22.68 S.Korea -0.23 -2.50 -1.62 9.12 Singapore -0.03 -2.06 -0.12 -19.54 Taiwan +0.42 +2.36 -0.02 6.37 Thailand +0.00 -3.70 -0.66 -15.32 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Sam Holmes)

via finance.yahoo08/14/2020

Malaysia Bonds Blow Past Peers as Rate Cuts Power Rally - Yahoo Finance

(Bloomberg) -- Malaysia’s bonds have been the star performers in emerging Asia this quarter thanks to a succession of interest-rate cuts. Stubborn deflation and a shrinking economy mean there may be more to come.Traders are betting Bank Negara Malaysia will lower borrowing costs for a fifth straight meeting in September after reducing its benchmark by a combined 125 basis points this year. Other positives powering the bond rally include a surge in foreign inflows and among the highest real yields in the region.“It’s not clear that there is necessarily a hard floor for the policy rate in Malaysia,” said Brian Tan, a regional economist at Barclays Bank in Singapore. In addition to the sharp contraction in GDP, “the resurgence of Covid-19 in Malaysia’s key export markets such as the U.S. threatens to hamstring external demand,” he said.Ringgit government bonds have returned more than 5% since the start of July, far outpacing their nearest competitors, the Philippines and South Korea. Malaysia’s benchmark three-year yields have fallen almost 40 basis points over the period after dropping by 75 basis points in the first half of the year.This quarter’s outperformance has been driven by the central bank’s July 7 meeting, when policy makers cut rates to a record-low 1.75% and warned of further downside risks from the coronavirus crisis. Three-year swap rates have fallen to around 10 basis points above the central bank’s benchmark, close to levels seen before previous policy decisions that led to rate cuts.Read More: Malaysia Debt Limit Sparks Debate On Growth Versus PrudenceMalaysia’s economy shrank 17.1% last quarter from a year earlier, the biggest drop since the Asian financial crisis in 1998, the central bank said Friday. The decline exceeded the median forecast of a 10.9% contraction in a Bloomberg survey.Despite the bleak outlook, global funds have been pouring into Malaysia’s debt. Net foreign inflows totaled $4 billion in the three months through July, coming close to erasing the cumulative outflow of $4.7 billion in the previous three months that was caused by the Covid-19 outbreak.One of the key attractions for overseas investors is the nation’s relatively high real yields, which are being bumped up by a four-month bout of deflation. Malaysia’s 10-year bonds offer a current nominal yield of 2.49%, which translates into a real yield of 4.39% when the most recent CPI reading is taken into account.“In a yield-starved environment, the high-yielding appeal of emerging Asia including ringgit bonds should continue to attract inflows, as long as the global risk sentiment remains conducive,” said Winson Phoon, head of fixed-income research at Maybank Kim Eng Securities in Singapore.With the level of bond yields in many emerging markets closing in on record lows, holders of Malaysia’s debt can feel quite content. Expected foreign inflows and deflation are both positives, while the central bank looks set to provide the perfect backstop.What to WatchThailand will release second-quarter GDP on Monday, which will give an insight into the full impact of the coronavirus lockdownBank Indonesia is scheduled to set its policy decision Wednesday, after cutting rates at its two previous meetings. Policy makers in the Philippines are forecast to keep rates on hold when they meet ThursdayMalaysia will publish headline inflation data on Friday, with the nation having experienced deflation every month since MarchNote: Marcus Wong is an EM macro strategist who writes for Bloomberg. The observations he makes are his own and not intended as investment advice.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via malaymail08/13/2020

Covid-19: 15 new cases, including nine from new cluster detected in Tawar, Kedah - Malay Mail

PUTRAJAYA, Aug 13 — Malaysia saw 15 new Covid-19 cases over the past 24 hours, nine of which were from a new cluster detected in Tawar, Kedah. Health director-general Datuk Dr Noor Hisham Abdullah said the new cases raises the  total tally to 9,129, of which 183 are currently active....

via theedgemarkets08/13/2020

Japan ranks Malaysia second in fight against Covid-19, says second Deputy Minister of Health - The Edge Markets MY

Japan has ranked Malaysia as the second-best country in the fight against Covid-19, according to second Deputy Minister of Health Datuk Aaron Ago Dagang. “Japan has made its own assessment and ranked Malaysia second after South Korea, for the country’s success in handling the Covid-19 pandemic,” he said in the Dewan Rakyat here today.


via reuters08/14/2020

EMERGING MARKETS-Weak China data hits most Asian markets, currencies muted - Reuters

Most of Asia's stock markets weakened on Friday as a surprise drop in China retail sales dented hopes of a swift recovery from the COVID-19 impact at the world's second-largest economy, while currencies stayed muted as the dollar steadied. Markets that heavily correlate with Chinese demand and global trade flows dropped with Seoul stocks diving 1.2%, and Kuala Lumpur and Bangkok dropping more than 0.6% each. China's July retail sales unexpectedly fell and factory output missed estimates, dampening investor sentiment that stemmed from upbeat recent data from the country that was the first emerge from lockdowns. "It's more a knee-jerk reaction," said Julian Wee, an investment strategist at Credit Suisse in Singapore, referring to some of the falls. Indonesia and Taiwan markets edged higher, taking relief from the view that reopening of China's economy was taking place. Analysts said the data points to some improvement in the domestic Chinese economy. "The data overall indicates that the reopening is still proceeding smoothly in North Asia and the vigilance of the authorities in both China and Korea suggests a meaningful reversal of the reopening is unlikely," Wee said. In China, the Shanghai Composite Index rebounded from its initial dip to rise 1.1%, while the yuan was little changed. However, traders remain cautious ahead of the U.S-China trade talks on Saturday, with relations between the two countries remaining fraught in the run up to the U.S. election. In Malaysia, shares and the ringgit were lower, but stuck to trading ranges prior to domestic data that showed the economy shrank more than expected in the second quarter, its worst contraction in more than two decades. The country's central bank also sharply cut its annual GDP forecast, but said the worst was likely over and expected economic activity to gradually pick up in the second half. Next week, it will be Thailand's turn to report a likely sharp drop in its second-quarter GDP, while Indonesia's central bank will meet to decide monetary policy. The rupiah weakened 0.4% against the dollar. HIGHLIGHTS: ** Malaysia's economy shrank by 17.1% in Q2, compared with Reuters poll forecast of a 10% decline ** Malaysia's 3-year benchmark yield fell 0.6 basis points to 1.885% ** Top losers in Malaysia include Top Glove Corp and Hartalega Holdings Bhd Asia stock indexes and currencies at 0700 GMT COUNTRY FX RIC FX FX INDEX STOCKS STOCKS DAILY % YTD % DAILY % YTD % Japan +0.09 +1.68 0.17 -1.55 China +0.03 +0.28 1.10 10.07 India +0.09 -4.53 0.48 -6.68 Indonesia -0.44 -5.99 0.15 -16.71 Malaysia -0.07 -2.48 -0.91 -1.68 Philippines +0.21 +3.88 -0.34 -22.24 S.Korea -0.11 -2.38 -1.23 9.55 Singapore +0.01 -2.03 0.01 -19.45 Taiwan +0.47 +2.40 0.25 6.65 Thailand +0.00 -3.70 -0.55 -15.22 (Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by Arun Koyyur)

via deccanherald08/14/2020

Malaysia to lift limit on hiring of foreign labour - Deccan Herald

Malaysia has decided to lift an earlier limit on the hiring of foreign workers meant to protect jobs for locals in most sectors, the Human Resources Ministry said late on Thursday. Last month, the ministry said the hiring of foreign labour would be limited to the construction, agriculture and plantation sectors, a move to increase employment opportunities for locals affected

via ca.finance.yahoo08/14/2020

Malaysia Bonds Blow Past Peers as Rate Cuts Power Rally - Yahoo Canada Finance

(Bloomberg) -- Malaysia’s bonds have been the star performers in emerging Asia this quarter thanks to a succession of interest-rate cuts. Stubborn deflation and a shrinking economy mean there may be more to come.Traders are betting Bank Negara Malaysia will lower borrowing costs for a fifth straight meeting in September after reducing its benchmark by a combined 125 basis points this year. Other positives powering the bond rally include a surge in foreign inflows and among the highest real yields in the region.“It’s not clear that there is necessarily a hard floor for the policy rate in Malaysia,” said Brian Tan, a regional economist at Barclays Bank in Singapore. In addition to the sharp contraction in GDP, “the resurgence of Covid-19 in Malaysia’s key export markets such as the U.S. threatens to hamstring external demand,” he said.Ringgit government bonds have returned more than 5% since the start of July, far outpacing their nearest competitors, the Philippines and South Korea. Malaysia’s benchmark three-year yields have fallen almost 40 basis points over the period after dropping by 75 basis points in the first half of the year.This quarter’s outperformance has been driven by the central bank’s July 7 meeting, when policy makers cut rates to a record-low 1.75% and warned of further downside risks from the coronavirus crisis. Three-year swap rates have fallen to around 10 basis points above the central bank’s benchmark, close to levels seen before previous policy decisions that led to rate cuts.Read More: Malaysia Debt Limit Sparks Debate On Growth Versus PrudenceMalaysia’s economy shrank 17.1% last quarter from a year earlier, the biggest drop since the Asian financial crisis in 1998, the central bank said Friday. The decline exceeded the median forecast of a 10.9% contraction in a Bloomberg survey.Despite the bleak outlook, global funds have been pouring into Malaysia’s debt. Net foreign inflows totaled $4 billion in the three months through July, coming close to erasing the cumulative outflow of $4.7 billion in the previous three months that was caused by the Covid-19 outbreak.One of the key attractions for overseas investors is the nation’s relatively high real yields, which are being bumped up by a four-month bout of deflation. Malaysia’s 10-year bonds offer a current nominal yield of 2.49%, which translates into a real yield of 4.39% when the most recent CPI reading is taken into account.“In a yield-starved environment, the high-yielding appeal of emerging Asia including ringgit bonds should continue to attract inflows, as long as the global risk sentiment remains conducive,” said Winson Phoon, head of fixed-income research at Maybank Kim Eng Securities in Singapore.With the level of bond yields in many emerging markets closing in on record lows, holders of Malaysia’s debt can feel quite content. Expected foreign inflows and deflation are both positives, while the central bank looks set to provide the perfect backstop.What to WatchThailand will release second-quarter GDP on Monday, which will give an insight into the full impact of the coronavirus lockdownBank Indonesia is scheduled to set its policy decision Wednesday, after cutting rates at its two previous meetings. Policy makers in the Philippines are forecast to keep rates on hold when they meet ThursdayMalaysia will publish headline inflation data on Friday, with the nation having experienced deflation every month since MarchNote: Marcus Wong is an EM macro strategist who writes for Bloomberg. The observations he makes are his own and not intended as investment advice.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

via finance.yahoo08/14/2020

Malaysia to lift limit on hiring of foreign labour - Yahoo Finance

Malaysia has decided to lift an earlier limit on the hiring of foreign workers meant to protect jobs for locals in most sectors, the Human Resources Ministry said late on Thursday. Last month, the ministry said the hiring of foreign labour would be limited to the construction, agriculture and plantation sectors, a move to increase employment opportunities for locals affected by the coronavirus pandemic. The ministry said more than 67,000 local workers and over 4,700 foreign workers had lost their jobs as of July.

via malaymail08/13/2020

HR Ministry: Employers allowed to rehire foreign workers - Malay Mail

KUALA LUMPUR, Aug 13 ― The Human Resources Ministry (MOHR) has given flexibility to employers to hire foreign workers who have been laid off by previous employers if they do not get any response from local workers. Minister Datuk Seri M. Saravanan said, however, the ministry urged employers to...

via malaymail08/13/2020

Putrajaya says no plan to buy Russian-approved Covid-19 vaccine yet - Malay Mail

KUALA LUMPUR, Aug 13 ― Senior Minister Datuk Seri Ismail Sabri Yaakob said today the government will monitor Moscow's progress closely following Russia's announcement yesterday that it had granted regulatory approval to a Covid-19 vaccine in less than two months of human testing. “The Ministry...