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As we reach the end of another eventful week, Malaysia has entered into a re-imposed Movement Control Order, or now dubbed as MCO 2.0. We also saw the King consent to the imposition of an Emergency period until August. What this may mean in the long run remains unknown but the re-imposed lockdown period have already witnessed its repercussions.
Sime Darby Convention Centre has announced the permanent closures of three restaurants after 14 years. The closures involve Halia, East Café and China Treasures outlets.
The global health crisis that have brought back another series of worldwide lockdowns continues to rampage through livelihoods and in Malaysia, the F&B sector having to shut by 7pm has started drawing flak from citizens.
While it is unknown whether the Government might loosen up regulations amid rising cases, the business community is hopeful a new set of plans to help businesses nationwide is underway.
And before you head off to enjoy a more quiet weekend with your loved ones, here’s a wrap-up of highlights from BusinessToday.
Olivier Legrand, LinkedIn Managing Director and Vice President, APAC and China shares with me on the importance of networking and solving the issue of a network gap.
I speak to Pauline Sim, Head of The FinLab and Yap Kok Tee, Executive Director and Country Head of Channels and Digitalisation, UOB Malaysia on how The Finlab and UOB is helping businesses digitise their operations and how banks play an important role on in assisting SMEs brace through storms.
EY’s Richard Watson, Asia-Pacific Cybersecurity Risk Consulting leader listed four potential repercussions from WhatsApp’s new privacy policy to businesses.
HSBC Malaysia has unveiled its latest innovative feature of recycled plastic credit card as it moves toward a sustainable future and creates a social impact toward the environment.
The Embassy of Sweden, Business Sweden, and AstraZeneca, along with partners, Sunway iLabs, Malaysian Global Innovation and Creativity Centre (MaGIC) and Malaysia Digital Economy Corporation (MDEC) have launched The Digital Health Innovation Challenge.
The Malaysian Communications and Multimedia Commission (MCMC) has issued a revised invitation for interested and eligible licensees under the Communications and Multimedia Act (CMA) 1998.
The Malaysian Association of Tour and Travel Agents (MATTA) has urged the government to construct an improved plan for the travel industry due to the re-imposed Movement Control Order (MCO) and the poor predictions for travels this year.
The Securities Commission of Malaysia (SC) has granted conditional approval for Touch ‘n Go (TNG) Group’s subsidiary, TNG Digital Sdn Bhd (TNGD) as a Recognised Market Operator (RMO).
The Department of Statistics Malaysia (DOSM) reported a RM110.4 billion sales value of Wholesale and Retail Trade in November 2020, down by 1.2 percent year-on-year. Both retail trade and wholesale trade contracted by 2.3 percent (RM1.1 billion) to RM44.8 billion from Nov 2019 and 0.7 percent (RM0.4 billion) to RM52.8 billion respectively.
Prime Minister Tan Sri Muhyiddin Yassin has guaranteed there will be no curfew and business activities will continue to function with adherents to SOP.
This comes after the King’s consent to the declaration of state emergency that will be begin today until Aug 1. The emergency could be ended earlier if the number of Covid-19 cases can be effectively reduced.
Till next week, have a safe weekend and stay in.
Cheers,
Poovenraj Kanagaraj, Deputy Editor