MALAYAN CEMENT TO TAKE OVER YTL CEMENT’S CEMENT AND READY-MIXED CONCRETE BIZ IN RM5.16B DEAL p7 THURSDAY, MAY 13, 2021 www.theedgemarkets.com ISSUE 184/2021 CEOMorningBrief HOME: Malaysia’s new Covid-19 cases jump to 4,765 today, with record 39 deaths reported p2 Maybank says Malaysian economic rebound on track but risk tilted to downside on MCO p10 WORLD: Major overhaul of WHO needed after failures, says Covid panel p16 BLOOMBERG US DoJ remits RM1.9b in 1MDB-related funds back to Malaysia Public Bank’s Report on Page 3. years of ‘disciplined cost control practices’ pay off when the going gets tough Report on Page 6. THURSDAY MAY 13, 2021 2 THEEDGE CEO MORNING BRIEF THE EDGE CEO MORNING BRIEF PUBLISHED BY PUBLISHER + CEO . Ho Kay Tat Read from desktop or mobile device. EDITOR-IN-CHIEF . Azam Aris CHIEF COMMERCIAL OFFICER . Sharon Teh You can print in A4 to read. Set print (266980-X) mode to fit or shrink oversize page. CHIEF OPERATING OFFICER . Lim Shiew Yuin TEL . 603-77218000 EDITORS . Kathy Fong . Jenny Ng . Joyce Goh Tan Choe Choe . Lam Jian Wyn Level 3, Menara KLK, 1 Jalan PJU 7/6, TO GET ON EMAILING LIST Mutiara Damansara, 47810, Petaling Jaya, TO CONTACT EDITORS:
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[email protected] HOME Malaysia’s coronavirus curve climbs again amid third infection wave Malaysia’s new 6000 Daily new cases 7-day moving average Covid-19 cases 5000 4,765 jump to 4,765 4000 4,121 3000 today, with record 2000 39 deaths reported 1000 0 Sept 1, 2020 May 12, 2021 BY ARJUNA CHANDRAN SHANKAR theedgemarkets.com KUALA LUMPUR (May 12): Malaysia re- The total number of cases in the country A total of 3,124 Covid-19 patients were ported a record high of 39 Covid-19 deaths now stands at 453,222, while total deaths have discharged today, raising total recoveries to today, while new cases rose sharply to 4,765 risen to 1,761.