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Genting, GenM jump after Malaysia announced relaxation of pandemic-driven restrictions for fully vaccinated people in several states

Genting Bhd and Genting Malaysia Bhd's (GenM) share prices jumped in Bursa Malaysia morning trade today after Prime Minister Tan Sri Muhyiddin Yassin announced yesterday Malaysia's proposed relaxation of some Covid-19 pandemic-driven movement restrictions for fully vaccinated people in states that have moved into Phase 2 of the National Recovery Plan (NRP) and beyond starting from tomorrow (Aug 10). ....

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Malaysia's economy to reaccelerate in second half of 2021: PublicInvest

Malaysia s economy to reaccelerate in second half of 2021: PublicInvest
Farah Adilla
© Provided by New Straits Times
KUALA LUMPUR: Malaysia s economic momentum is set to re-accelerate in the second half of 2021 following the lag impact of expansionary fiscal and monetary strategy, Public Investment Bank Bhd (PublicInvest) said.
The overall sentiment will also be shored up by the rapid Covid-19 vaccination drive, with the nation on track to transition towards the third phase of National Recovery Plan (NRP) by the fourth quarter (Q4) of this year.
This will underpin a nascent recovery in contact-sensitive service-related sectors like accommodation, leisure, tourism and aviation. ....

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Decisive approach needed for third wave

Decisive approach needed for third wave
Pix for illustration purposes.
ALTHOUGH the National Covid-19 Immunisation Programme (NIP) which began on Feb 24 provides light at the end of the tunnel, the continuous four-digit daily infection figures for more than one month left Malaysia with no option other than country-wide lockdown effective from May 12.
Prime Minister Tan Sri Muhyiddin Yassin announced on May 10 that Malaysia would be under the third movement control order (MCO 3.0) until Jun 7.
“With daily cases exceeding 4,000 and active cases at 37,396 as well as 1,700 deaths reported as of May 10, Malaysia is facing a third Covid-19 wave that could trigger a national crisis,” he added. ....

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Decisive approach would help Malaysia overcome the Covid-19 third wave ― Amanda Yeo | What You Think

Thursday, 20 May 2021 09:01 AM MYT
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MAY 20 ― Although the National Covid-19 Immunisation Programme (NIP) that started on February 24 provided a light at the end of the tunnel, the continuous four-digit daily infection figures for more than one month left Malaysia with no option other than country-wide lockdown effective from May 12.
Prime Minister Tan Sri Muhyiddin Yassin announced on May 10 Malaysia would be under the third Movement Control Order (MCO 3.0) till June 7.
“With daily cases exceeding 4,000 and active cases at 37,396 as well as 1,700 deaths reported as of May 10, Malaysia is facing a third Covid-19 wave that could trigger a national crisis,” he added. ....

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MCO 3.0 expected to cost Malaysia RM300 million daily-PIVB

11 May 2021 / 12:17 H.
Pix for representational purpose only/BERNAMA
KUALA LUMPUR: The extension of the Movement Control Order (MCO 3.0) currently enforced in several areas to cover the whole country from May 12 to June 7 is expected to cost the country’s economy RM300 million daily.
Public Investment Bank Bhd (PIVB) said MCO 1.0 (March 18-May 3, 2020) was estimated to have cost the economy RM2 billion per day, while MCO 2.0 (Jan 13-26, 2021) RM300 million per day.
“Given the similarities, MCO 3.0 could also see a daily hit of about RM300 million to the economy, particularly from restrictions on contact-sensitive businesses which will be a drag on the services sector,” it said in a note today. ....

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