It looks almost like business as usual in parts of the city as Malaysia entered the Recovery Movement Control Order today, 89 days after the Movement Control Order was first imposed.

Day one of RMCO in pictures

The residents of Block D at Segar Ria Apartment at Cheras are having their samples taken to be tested for Covid-19 after a case was confirmed at their block.

Covid-19 tests underway at Segar Ria Apartment block after new Cheras cluster emerges

The Kajang Municipal Council and the Hulu Langat Health Department continued their sanitisation of the Kajang market today.

The market was closed for sanitisation and disinfection after three workers at the market tested positive for Covid-19 recently.

Kajang market closed for sanitisation

The Immigration Department has detained around 200 illegal migrants from around the Jalan Othman market at PJ Old Town here, which is currently under the enhanced movement control order (EMCO).

Immigration authorities nab 200 illegal migrants around PJ Old Town market

Residents of Pudu, which was placed under the Semi Enhanced Movement Control Order (SEMCO) last Friday, received about 200 sets of rice and eggs from donations organised by Bukit Bintang Member of Parliament Fong Kui Lun.

Pudu folk under SEMCO receive food aid facilitated by Bukit Bintang MP

The first meeting of the third term of the 14th Parliamentary session was convened this morning, expeditiously and under heavy police guard.

The truncated, single-day sitting schedule was modified to only include the Yang di-Pertuan Agong’s royal address.

First Parliamentary meeting of the year concludes

Parts of Pudu were put under the semi-enhanced movement control order (SEMCO) at midnight yesterday to enable the authorities to step up screening and treatment of its residents after 18 new Covid-19 cases were detected there, bringing total active cases to 30.

Parts of Pudu placed under SEMCO as active Covid-19 cases almost triple to 30

The government has coined the term semi-enhanced movement control order (SEMCO) for areas where Covid-19 tests need to be stepped up and traffic within a given area limited while still allowing other activities to continue, according to reports.

'SEMCO' coined as latest directive, with three places in KL placed under tighter restriction

The Conditional Movement Control Order (CMCO) was imposed today, ending almost seven weeks of restrictions on travelling, dining out and business operations in an effort to jump-start an ailing economy ravaged by the coronavirus and moves to contain its spread.

The first day of the CMCO offered a glimpse of the new normal

KUALA LUMPUR (April 30): Over 1,000 traders, workers and residents from around the closed Pasar Raja Bot at Chow Kit were swabbed for Covid-19 detection tests today.

According to reports, a first round of screenings took place last week.

Dewan Bandaraya Kuala Lumpur, which ord...

Over 1,000 traders, workers and market visitors swabbed for Covid-19 at Pasar Raja Bot

Twenty-one personnel from the Fire and Rescue Department of Malaysia (Bomba) and 11 more from the Ministry of Health (MoH) conducted a disinfection exercise at Menara City One here this morning.

According to health director-general Datuk Dr Noor Hisham Abdullah, 55 cases of Covid-19 were found at the condo and its surrounding areas – which include all of Jalan Munshi Abdullah where the building is located – as at yesterday.

Bomba, MoH disinfect Menara One City building

The reopening date of Pasar Besar Jalan Othman will depend on traders' Covid-19 test results, said Petaling district officer and disaster committee chairman Johary Anuar.

Jalan Othman market to be closed for at least five days

A decision on whether to reopen the Taman Megah market — which was shut on Sunday after one trader there tested positive for Covid-19 — will be made in five days, said Petaling district officer and disaster committee chairman Johary Anuar.

Decision in five days on reopening of Taman Megah market

KUALA LUMPUR (April 28): It has been three days since Selayang Baru was put under the Enhanced Movement Control Order (EMCO).

The geographic scope of the directive was widened after taking into account the risk of infection from the nearby Kuala Lumpur wholesale market and the daily mar...

Life in lockdown at Selayang Baru

KUALA LUMPUR (Oct 18): The Malaysian Investment Development Authority (Mida) is on track to achieve its target of RM2.5 billion in investments from green investment leads at the International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM) 2024.

Mida on track to achieve goal of RM2.5b green investments at IGEM 2024

Gold topped US$2,700 an ounce for the first time, as concerns over escalating conflicts in the Middle East saw investors flock to safety.

Spot gold extends its record-breaking run to top US$2,700

Shares of Heitech Padu Bhd (KL:HTPADU) were suspended with effect from 9am to 5pm on Friday, pending an announcement relating to a material contract.

Heitech Padu shares suspended for material contract announcement

(Oct 18): Thailand’s 38-year-old prime minister is working on a plan to alleviate the economic drag from a household debt bill topping US$500 billion (RM2.15 trillion) — a figure that has ballooned since her father first took office in 2001.

A US$500b pile of household debt weighs on new Thai leader

China’s September home prices fell at almost the same pace as the previous month, despite the country’s efforts to stabilise the real estate sector. 

New-home prices in 70 cities, excluding state-subsidised housing, dropped 0.71% from August, in line with a 0.73% decline a month earlier, National Bureau of Statistics figures showed on Friday.

China home price slump drags on despite revival efforts

(Oct 18): In the countdown to the weekend inauguration of Indonesia’s new president, Jakarta’s political elite has been huddled at the incoming leader’s private ranch outside the capital, deep in the last-minute haggling that will determine the shape of the country’s government for the next five years.

Indonesia’s fixer-in-chief bows out as Prabowo takes the helm

BMI, a Fitch Solutions company, holds a positive outlook for consumer spending in Malaysia for 2025, supported by an ongoing economic recovery that fuels stable real consumer spending growth, according to its note on Friday.

The research firm said easing inflationary pressures and a stable labour market will sustain consistent consumer spending.

Positive 2025 consumer spending outlook for Malaysia, but high household debt poses risk — BMI

(Oct 18): China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.

Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Ba...

China’s mega banks trim deposit rates as stimulus hits profits

BEIJING/SHANGHAI (Oct 18): China's central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.

The People's Bank of China (PBOC) said in a statement on its w...

China urges swift implementation of expansive financial policies

(Oct 18): The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech, according to a report in the New York Times on Thursday.

Yellen's crit...

Yellen to warn sweeping tariffs would ignite inflation, NYT reports

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.

Genting Malaysia, Varia, Salcon, SC Estate Builder, AME Reit, AME Elite, Ancom Nylex, MAHB, HPP Holdings, LKL, Bintai Kinden 

The National Budget is set to be tabled on Friday. Regardless of what will be announced, Malaysian corporates must continue to focus on several areas, apart from wave two of e-invoicing.

Focusing on tax areas that matter most

PPG Industries&nbsp;will lay off 1,800 employees in the US and Europe and close various facilities as part of a cost-reduction programme, the paints and coatings maker said on Thursday.

PPG to lay off 1,800 employees in US, Europe in cost-cut push

AME Real Estate Investment Trust's (KL:AMEREIT) proposed acquisition of four single-storey detached factories in Johor for RM119.45 million has been deemed fair and reasonable, according to independent adviser MainStreet Adviser Sdn Bhd.

AME REIT's proposed acquisition of Johor factories for RM119 mil is fair and reasonable, says independent adviser

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Meta lays off employees at WhatsApp and Instagram — report

(Oct&nbsp;18) :&nbsp;The world’s biggest bond market got hit as a solid retail sales report had traders trimming their bets on Federal Reserve rate cuts this year.

Wall Street dials back Fed-cut bets on solid data

(Oct&nbsp;18) :&nbsp;The yen fell below the psychological mark of 150 per dollar, after robust US economic data led traders to dial back bets on Federal Reserve interest-rate cuts, boosting the greenback.&nbsp;

Yen falls to key 150 level after solid US retail, labor data

Shares of Heitech Padu Bhd (KL:HTPADU) were suspended with effect from 9am to 5pm on Friday, pending an announcement relating to a material contract.

(Oct 18):&nbsp;US government bonds slumped after strong September retail-sales figures fanned doubts over how quickly the Federal Reserve will continue to lower interest rates.

The selloff pushed Treasury yields higher by as much as seven to 10 basis points. Initially, short maturities ...

Treasury yields climb as strong data sow doubt on Fed rate cuts

BMI, a Fitch Solutions company, holds a positive outlook for consumer spending in Malaysia for 2025, supported by an ongoing economic recovery that fuels stable real consumer spending growth, according to its note on Friday.

The research firm said easing inflationary pressures and a stable labour market will sustain consistent consumer spending.&nbsp;

JERUSALEM/CAIRO (Oct 17): Hamas leader&nbsp;Yahya&nbsp;Sinwar, a mastermind of the Oct&nbsp;7, 2023&nbsp;attack that triggered the Gaza war, has been killed by Israeli forces in the Palestinian enclave, Israel said on Thursday.

Hamas leader Sinwar killed by Israeli troops in Gaza, Netanyahu says war will go on

Deere &amp; Co is laying off an additional nearly 300 people in Iowa and Illinois as demand for farm equipment slows from the peak production of recent years.

Deere announces more layoffs in Iowa, Illinois during farm slump

(Oct 18):&nbsp;Thailand’s 38-year-old prime minister is working on a plan to alleviate the economic drag from a household debt bill topping US$500 billion (RM2.15 trillion) — a figure that has ballooned since her father first took office in 2001.

Sage Therapeutics&nbsp;said on Thursday its finance chief will leave the company and the drugmaker plans to lay off more than 165 employees as part of a reorganisation plan that aims to focus on the launch of its postpartum depression pill.

Sage Therapeutics' CFO to leave, drugmaker to lay off over 165 employees

France's belt-tightening budget delivers a bigger tax hit than the government originally let on, according to new breakdowns that suggest a bigger dent in President Emmanuel Macron's pro-business legacy.

French budget packs bigger tax punch than first meets the eye

(Oct 18):&nbsp;In the countdown to the weekend inauguration of Indonesia’s new president, Jakarta’s political elite has been huddled at the incoming leader’s private ranch outside the capital, deep in the last-minute haggling that will determine the shape of the country’s government for the next five years.

(Oct&nbsp;18) :&nbsp;Traders are adding to bets that the European Central Bank (ECB) will need a bumper interest-rate cut in December, after policymakers&nbsp;flagged&nbsp;risks to growth as they lowered borrowing costs on Thursday.

Traders see 20% chance of half-point ECB rate cut in December

(Oct 18): China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.

Major banks including Industrial &amp; Commercial Bank of China Ltd. and China Construction Ba...

(Oct 18):&nbsp;The economic policies being proposed by Republican presidential candidate Donald Trump would fuel inflation and harm businesses, U.S. Treasury Secretary Janet Yellen plans to warn in a speech, according to a report in the New York Times on Thursday.

Yellen's crit...

BEIJING/SHANGHAI (Oct 18): China's central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital markets.

The People's Bank of China (PBOC) said in a statement on its w...

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