Page 28 - Movement Control News Today

Latest gazette lists sector as essential service, after companies suspend operations.

KUALA LUMPUR: Eco World Development Group Malaysia has ceased its merger talks with UEM Sunrise Bhd and it will now focus on its own business plans for FY2021. In a statement issued on Wednesday EcoWorld Malaysia chairman Tan Sri Liew Kee Sin said the decision to cease the merger discussion was because it seeks to pursue its own business plans. He also cited the current challenging environment with the re-implementation of Movement Control Order “The cessation of talks on the proposed merger...

KUALA LUMPUR (Jan 11): Prime Minister Tan Sri Muhyiddin Yassin will have a national address on the movement control order (MCO) at 6pm today, according to the National Security Council (NSC). The NSC shared a poster stating that there will be a special address by Muhyiddin, entitled “Implementation of the Movement Control Order”, amid speculation by various different quarters about another lockdown in Malaysia. This came on the heels of Malaysia reporting 2,433 new Covid-19 cases yesterday,...

Johor Port ends 2020 on high note with 1.0mil TEUs of cargo handled MMC Corp Bhd’s subsidiary Johor Port Bhd has surpassed one million twenty-foot equivalent unit (TEUs) in cargo capacity in 2020 amid the Covid-19 pandemic. Johor Port chief executive officer Md Derick Basir said the port operator was pleased with the achievement despite the headwinds of Covid-19 as well as shortage of empty containers in Malaysia and other parts of the region, affecting the overall port business and related i...

KUALA LUMPUR: The ringgit opened lower against the US dollar this morning as the local COVID-19 cases had surged to its highest daily level since the start of the pandemic.

CURRENTLY in the red, copper wires and rods manufacturer Ta Win Holdings Bhd is counting on its acquisition of a 32.5% associate stake in Royce Pharma Manufacturing Sdn Bhd to give it a shot in the arm. Even so, the pharmaceuticals business is unchartered waters for Ta Win, and Royce Pharma is loss-making. The latest available financials show that Royce Pharma made a net loss of RM682,653 on revenue of RM24.13 million for the financial year ended Dec 31, 2018. Its retained losses stood at RM2.6...

Head of Public & Government Affairs, foodpanda Malaysia According to the Ministry of Finance’s Economic Outlook for the year 2021, the gig economy is expected to be the dominant contributor to the national workforce with a projected 40 percent increase in comparison with the current global average of 20 percent. Given the public attention the gig economy has received in the last couple of years, the Government has recognized its significance and in turn is looking into implementing new polic...

PERMODALAN Nasional Bhd (PNB) has disposed of the 21-storey Menara MIDF in Jalan Raja Chulan, Kuala Lumpur, to Singapore-based JD Hospitality Sdn Bhd. Sources say the deal, which took more than 18 months to complete from the time the building was first put up for sale, was done at RM140 million or RM875 psf. The Edge has learnt that the new owner will retain the building as an office building but is likely to repurpose it as a hotel at a later stage. PNB’s wholly-owned subsidiary Malaysian In...

A rebound in global oil prices has put local refiners Hengyuan Refining Co Bhd and Petron Malaysia Refining and Marketing Bhd back on the radar of investors as evident in their more than 100% jump in share price in just over a month or so. Last Friday, Brent oil hit the US$50/barrel mark for the first time since early March, and could inch further north as global economies recover from the Covid-19 pandemic. As it has been about three years since Hengyuan and Petron reached a peak in their shar...

Movement Control Travelling within and between Conditional Movement Control Order (CMCO) areas and to Recovery Movement Control Order (RMCO) areas is ALLOWED. Police permission is REQUIRED for travel into Enhanced Movement Control (EMCO) areas. Number of passengers within private vehicles are subject to vehicle capacity. However, high-risk individuals and children are not encouraged to go out into public, open and crowded areas. Number of passengers within commercial vehicles for transporting g...