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Malaysian banks resilient enough to weather storm in 2020 – RAM Rating

KUALA LUMPUR, March 23 — RAM Rating Services Bhd expects Malaysian banks are resilient enough to weather escalating headwinds on both the domestic and global fronts which pose greater downside risks to their performance this year. Its co-head of financial institution ratings, Wong Yin Ching believed that banks have strong …

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GLC/GLIC Disaster Response Network extends COVID-19 assistance

KUALA LUMPUR, March 23 — The Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) Disaster Response Network (GDRN), together with various partners, is working and coordinating GLCs and GLICs’ support in assisting the Ministry of Health (MoH) in responding to the COVID-19 pandemic. The GDRN is managed by a Joint-Secretariat led by Yayasan …

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Sunway Malls offers 14-day rent free for its non-essential retailers

KUALA LUMPUR, March 23 — Sunway Malls  is offering 14-day rent free to its non-essential retailers following the enforcement of the Movement Control Order (MCO) from March 18-31.  The move is expected to benefit retailers at Sunway Pyramid, Sunway Velocity, Sunway Carnival, Sunway Putra, Sunway Big Box Retail Park, Sunway Giza and Sunway Citrine. …

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COVID-19: GLCs donate RM60 mln to MoH, tax deduction approved for contributions

KUALA LUMPUR, March 23 — Government-linked companies (GLCs) have to-date donated about RM60 million in the form of medicine, medical equipment and personal protective equipment to the Ministry of Health (MOH). The corporate sector is encouraged to emulate the generosity of GLCs in assisting national efforts to combat the COVID-19 outbreak, Finance Minister Tengku …

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Import duty and sales tax exemption on face masks for domestic market

KUALA LUMPUR, March 23 — The Ministry of Finance (MoF) has approved the import duty and sales tax exemption on face masks for the domestic market. The government is cognisant of the difficulties faced by the rakyat in obtaining face masks due to the sharp rise in demand, said its Minister, …

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MARGMA to donate 19 mln gloves to govt

KUALA LUMPUR, March 23 — The Malaysian Rubber Glove Manufacturers Association (MARGMA) has pledged to donate 19 million medical gloves to the Malaysian government in the race against the COVID-19 pandemic. In a statement today, its president Denis Low said these include the many batches of gloves contributed by association members to hospitals, police stations and …

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Algernon Announces Availability of its NP-120 Ifenprodil Drug for Compassionate Use for Coronavirus

VANCOUVER, British Columbia, March 06, 2020 (GLOBE NEWSWIRE) — Algernon Pharmaceuticals Inc. (CSE: AGN) (FRANKFURT: AGW) (OTCQB: AGNPF) (the “Company” or “Algernon”) a clinical stage pharmaceutical development company is pleased to announce that it will set aside some of its NP-120 (Ifenprodil) drug supply from its planned phase 2 study for idiopathic fibrosis and chronic cough, […]

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