<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 17): Jaycorp Bhd has temporarily closed its 87%-owned subsidiary Instyle Sofa Sdn Bhd (ISSB) after 55 of its employees tested positive for COVID-19.</p></div>

<div class=newsTextDataWrapInner><p>The furniture maker said in a bourse filing, ISSB had conducted a Covid Antigen Test on its entire workforce, and the screening exercise which covered approximately 207 employees at Kawasan Perindustrian Grisek, Tangkak, Johor, revealed that 55 employees had tested positive for Covid-19.</p></div>

<div class=newsTextDataWrapInner><p>“This is the second time the company has conducted an RTK-Antigen Test for its entire workforce. Those that tested positive have been quarantined and isolated,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It also said, the management has received a notice of closure from Kementerian Kesihatan Malaysia from March 16 to March 30 for sanitisation purposes.</p></div>

<div class=newsTextDataWrapInner><p>The management, however, does not expect any material impact to its financial performance.</p></div>

<div class=newsTextDataWrapInner><p>Jaycorp rose 4 sen or 2.34% to RM1.75 today, valuing the group at RM235.3 million.</p></div>


Jaycorp Bhd has temporarily closed its 87%-owned subsidiary Instyle Sofa Sdn Bhd (ISSB) after 55 of its employees tested positive for COVID-19.

The furniture maker said in a bourse filing, ISSB had conducted a Covid Antigen Test on its entire workforce, and the screening exercise which covered approximately 207 employees at Kawasan Perindustrian Grisek, Tangkak, Johor, revealed that 55 employees had tested positive for Covid-19

Jaycorp temporarily shuts down subsidiary in Johor after 55 workers test positive for Covid-19

Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.

Russia, Ukraine exchange strikes on refinery and gas targets

Deutsche Bank AG is putting aside as much as €1.3 billion (US$1.4 billion or RM6.6 billion) in legal provisions, warning this will hit profits.

The bank will book the potential payment in the current quarter, it said in a statement late on Friday. That will impact “second quarter and full-year profitability”, it said, while adding that the ultimate amount of the provisions is not clear yet.

Deutsche Bank earmarks US$1.4b provision in hit to profit

Genting Malaysia Bhd has dismissed reports linking the group and its deputy chairman and chief executive Tan Sri Lim Kok Thay to supposed discussions relating to the opening of a second casino for Malaysia in Forest City, Johor, to revive the US$100 billion (RM477.60 billion) development.

Genting Malaysia denies involvement in talks for Forest City casino

The Territorial Sea Act 2012 (Act 750) remains valid and applicable throughout Malaysia, including in Terengganu, unless declared otherwise by the court, says the Prime Minister’s Office, despite the Terengganu State Legislative Assembly's decision to reject its use.

Territorial Sea Act 2012 still valid, including in Terengganu, says PMO

The Malaysian government is serious about resolving issues surrounding the palm oil industry in the country, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

Govt serious about resolving palm oil industry issues, says Johari Ghani

Three new semiconductor companies are keen to invest in Penang with total investments of US$100 million (RM477 million), said Chief Minister Chow Kon Yeow.

Three semiconductor firms keen to invest US$100m in Penang

Tan Sri Mokhzani Mahathir and his brother Mirzan Mahathir, who have been asked to declare their assets by the Malaysian Anti-Corruption Commission (MACC), have both denied being investigated by the agency.

Mahathir's sons, Mirzan and Mokhzani, deny being under MACC probe

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of Fennec and HOM helicopters.

Govt not suspending service of Fennec and HOM helicopters, says minister

It will be a four-way fight in the upcoming Kuala Kubu Bahru by-election between Pakatan Harapan’s pick Pang Sock Tao, Hulu Selangor Bersatu action division head Khairul Azhari, Parti Rakyat Malaysia’s Hafizah Zainudin and independent Nyau Ke Xin.

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Parti Rakyar Malaysia’s Hafizah Zainudin says that if elected, PRM will stand on a platform of increased transparency in government.

NEWS: Parti Rakyat Malaysia will run on more transparency

<p>Russia and Ukraine exchanged fire on energy facilities overnight, with an oil refinery damaged in Russia’s Krasnodar region, while Ukraine sustained a missile barrage on gas infrastructure and other targets.</p>
