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BToto says outlook "extremely challenging" as Covid-19 restrictions hurt sales

(BToto) said net profit fell 62% in the March quarter to RM18.68mil on revenue of RM1.12bil due to Covid-19 restrictions.
Sports Toto Malaysia Sdn Bhd, the group s principal subsidiary, registered a decrease in revenue and pre-tax profit of 36.1% and 65.1%, respectively.
The lower revenue registered in the current quarter was mainly due to the implementation of the Second Movement Control Order (MCO 2.0) in all states in Malaysia except for Sarawak from Jan 13 to Feb 18.
Even though Sports Toto outlets resumed operations on Feb 19, sales recovery was slower than expected due to weaker consumer sentiments and consumers being cautious in patronising sales outlets during the Conditional MCO period. ....

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Bank Negara Malaysia (via Public) / Economic and Financial Developments in Malaysia in the First Quarter of 2021

Economic and Financial Developments in Malaysia in the First Quarter of 2021
Economic and Financial Developments in Malaysia in the First Quarter of 2021
Embargo : For immediate release Not for publication or broadcast before 1200 on Tuesday, 11 May 2021
11 May 2021
Better economic performance, with smaller GDP decline of 0.5% in the first quarter (4Q 2020: -3.4%)
The Malaysian economy registered a smaller decline of 0.5% in the first quarter (4Q 2020: -3.4%). The growth performance was supported mainly by the improvement in domestic demand and robust exports performance, particularly for E&E products. Growth was also supported by the continued policy measures. The imposition of the Second Movement Control Order (MCO 2.0) and the continued closure of international borders and restrictions on inter-state travel, however, weighed on economic activity. Nevertheless, as restrictions were eased in February and March, economic activity gradually picked up. Governor D ....

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Malaysia Q1 economy contracts slightly at 0.5 pct - World News

2021-05-11 10:36:17 GMT2021-05-11 18:36:17(Beijing Time) Xinhua English
KUALA LUMPUR, May 11 (Xinhua) The Malaysian economy registered a smaller decline of 0.5 percent in the first quarter, as compared to a contraction of 3.4 percent in the fourth quarter last year, underpinned by the improvement in domestic demand and the expansion in exports, Malaysian Central Bank said Tuesday.
The central bank, Bank Negara Malaysia, said in a statement that the growth was supported mainly by the improvement in domestic demand and robust exports performance, particularly for electrical and electronics (E&E) products.
The imposition of the Second Movement Control Order (MCO 2.0) and the continued closure of international borders and restrictions on inter-state travel, however, weighed on economic activity. Nevertheless, as restrictions were eased in February and March, economic activity gradually picked up, it said, referring to Malaysian government s restrictive measures ....

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MCO 2.0 won't hit economy as hard as the first, says PM

PETALING JAYA: The government does not expect the second movement control order to have a similar economic impact to the first MCO in March last year as economic activities have been allowed to operate this time, says Tan Sri Muhyiddin Yassin. ....

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