<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 14): Malaysia’s retail growth in April 2020 is expected to plunge by 60.7% compared to a year ago, due to the extended Movement Control Order (MCO) until April 28, 2020, early estimates show.</p></div>

<div class=newsTextDataWrapInner><p>Only essential retailers continue to operate, that too, with strict social distancing measures while a small number of non-essential retailers will be allowed to open in the second week of April.</p></div>

<div class=newsTextDataWrapInner><p>Retail Group Malaysia’s (RGM) managing director Tan Hai Hsin says the plunge is because “the majority of retail shops are having zero sale. This has never happened before in history”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>RGM, which tabulates retail data on behalf of the Malaysia Retailers Association, says that the data for April was based on retail sales performance of essential retailers in the first two weeks of MCO in April which has now been extended until April 28.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:&nbsp;<br />
<a href="https://www.theedgemarkets.com/article/retailers-expected-bear-rm2048b-operational-staff-cost-during-six-weeks-mco" target="_blank">Retailers expected to bear RM20.48b in operational, staff cost during six weeks of MCO</a><br />
<a href="https://www.theedgemarkets.com/article/fullyear-retail-sales-growth-revised-55-0" target="_blank">Full-year retail sales growth revised to -5.5%</a><br />
<a href="https://www.theedgemarkets.com/article/retail-industry-growth-contracted-188-janmarch-2020-during-covid19-pandemic-and-mco-0" target="_blank">Retail industry growth contracted by 18.8% in Jan-March 2020 during COVID-19 pandemic and MCO</a></em></p></div>

<div class=newsTextDataWrapInner><p><em>#dudukrumahdiamdiam and get the news at <a href="http://theedgemarkets.com/" target="_blank">theedgemarkets.com</a>.</em></p></div>


KUALA LUMPUR (April 14): Malaysia’s retail growth in April 2020 is expected to plunge by 60.7% compared to a year ago, due to the extended Movement Control Order (MCO) until April 28, 2020, early estimates show.

Only essential retailers continue to operate, that too, with strict social ...

Malaysia’s retail growth dip in April 2020 expected to be lowest in history, contracting 60.7% due to MCO, early estimates show

Universiti Utara Malaysia lecturer Dr Kamarul Zaman Yusoff told the High Court on Thursday that he is aware that the book, Becoming Hannah: A Personal Journey by Youth and Sports Minister Hannah Yeoh, has been vetted by the National Library of Malaysia and is not categorised as a religious book.

Kamarul Zaman said this when questioned by lawyer Sangeet Kaur Deo, representing Hannah, at the trial of a defamation suit filed by the minister over two Facebook posts he made in May 2017.

'Becoming Hannah' vetted by National Library, not a religious book — court heard

Singapore’s government is “not averse” to implementing more property cooling measures if needed, The Straits Times newspaper reported, citing Minister for National Development Desmond Lee.

Singapore ‘not averse’ to more property cooling measures, Straits Times reports

BP plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, chief executive officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.

BP set to eliminate 7,700 roles in turnaround plan, CEO says

Frozen seafood products exporter SBH Marine Holdings Bhd (KL:SBH) has acquired a 7.228-acre vacant industrial land in Penang for RM18.9 million, to build its new corporate office.

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A former Datuk Bandar was among four individuals detained on Wednesday and Thursday under Op Ragada to assist in the investigation of a money laundering case involving a broadcasting company in Kuching, Sarawak.

Inspector-General of Police Tan Sri Razarudin Husain said the arrests also involved two women, who are the company's managing director and former general manager, respectively, as well as a man, all aged between 53 and 71.

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Regional airline SKS Airways Sdn Bhd, recently renamed True Air Sdn Bhd, has announced that it will discontinue its operations — the second homegrown airline to have ceased operations post the Covid-19 pandemic. Budget carrier MYAirline Sdn Bhd had suspended its operations in October 2023 due to financial pressures.

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The US Commerce Department and FBI are both investigating a little-known telecoms hardware firm founded by senior Huawei veterans in China more than a decade ago over possible security risks, sources and documents show.

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China will start an investigation into whether the US dumps lower-end chips and unfairly subsidises its own chipmakers, one of Beijing’s strongest retaliatory moves so far against American technology sanctions.

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KKR & Co is considering taking a stake in a proposal by Seven & i Holdings Co’s founding family to take the Japanese convenience store operator private, people familiar with the matter said, joining fellow private equity giant Apollo Global Management Inc in the record buyout bid.

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Silver Ridge Holdings Bhd (KL:SRIDGE) said on Thursday that a legal dispute between the  telecommunication system solutions provider and a subcontractor over an outstanding contract payment has been resolved through mediation.

Silver Ridge settles dispute with subcontractor over outstanding contract payment

<p>The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.</p>


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<p>Malaysian construction stocks fell sharply on Thursday for the sixth straight day amid concerns over data centres being built as the US further tightens restrictions on advanced semiconductor exports.</p>


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<p>Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia have fallen sharply of late, but analysts caution against buying the dip too soon.</p>


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<p>Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), according to people familiar with the development.</p>


Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports

<p>WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US&nbsp;restricted trade list on Wednesday, including Zhipu&nbsp;AI, a&nbsp;developer&nbsp;of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.</p>


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<p>CBH Engineering Holding Bhd (KL:CBHB) ended its first day on the ACE Market nearly 20% higher following strong demand during the engineering services firm’s initial public offering (IPO).</p>


CBH Engineering ends nearly 20% higher on maiden trading day

<p>Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.</p>


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<p>KUALA LUMPUR (Jan 16): Malaysia’s tourism industry upcycle has started ahead of Visit Malaysia Year 2026, and could bolster share prices of related companies in the next two years, said Maybank Investment Bank (Maybank IB).</p>


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<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.</p>


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<p>The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.</p>


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<p>Regional airline SKS Airways Sdn Bhd, recently renamed True Air Sdn Bhd, has announced that it will discontinue its operations — the second homegrown airline to have ceased operations post the Covid-19 pandemic. Budget carrier MYAirline Sdn Bhd had suspended its operations in October 2023 due to financial pressures.</p>


<p>The government has announced enhancements to the Corporate Renewable Energy Supply Scheme (CRESS), opening third-party electricity grid access to existing power consumers and maintaining system access charges (SAC) at current rates for three years.</p>


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<p>Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.</p>


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<p>Petroliam Nasional Bhd (Petronas) appears to have retained the lucrative natural gas exports business, while Sarawak will control the domestic gas aggregation in the state, Kenanga Investment Bank said.</p>


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<p>Despite incoming US President Donald Trump's pledge to impose sweeping 60% tariffs on all Chinese imports, the implementation is likely to be far less drastic, according to Affin Bank’s chief economist Alan Tan Chew Leong. &nbsp;</p>


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<p>Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.&nbsp;</p>


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<p>Former prime minister Datuk Seri Najib Razak said that he was using Low Taek Jho (Jho Low)&nbsp;for his international connections, and denied that the now-fugitive was carrying out his bidding&nbsp;to misappropriate funds from troubled 1Malaysia Development Bhd (1MDB).</p>


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<p>Former prime minister Datuk Seri Najib Razak said that he wished former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had seen him in person before his resignation from the strategic development firm.</p>


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<p>The construction sector is expected to see another decent year in 2025, after domestic contract awards hit a new record last year,&nbsp;according to Hong Leong Investment Bank (HLIB) Research.</p>


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<p>Israel airstrikes killed at least 70 people in Gaza overnight on Thursday, residents and authorities in the enclave said, hours after a ceasefire and hostage release deal was announced to bring an end to 15 months of war between Israel and Hamas.</p>
