Muhyiddin chairs second meeting of Economic Action Council
PUTRAJAYA: Prime Minister Tan Sri Muhyiddin Yassin today chaired the second weekly meeting of the Economic Action Council (EAC) which discussed in detail the current financial position of the country. He said the discussions touched on the drastic drop in world oil prices and the Covid-19 pandemic which have had a severe impact on the […]
Small businesses cry out for help
KUCHING: Local SMEs (Small Medium Enterprises) players are excitedly waiting for the economic stimulus package to inject life into their ailing businesses. On March 21, the state government said it will introduce a special economic stimulus package to assist sectors affected by the Covid-19 pandemic. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the […]
Sarawak to announce economic aid package on Monday
KUCHING: The Sarawak state government says it will introduce a special economic stimulus package in order to assist sectors affected by the Covid-19 pandemic. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the package would be announced on Monday. “We call it the Economic Aid Package,” he told reporters after chairing a Sarawak State Security Council meeting […]
MCMC allocates RM3 bln to roll out 6 NFCP projects this year
KUALA LUMPUR: Malaysian Communications and Multimedia Commission (MCMC) announced the implementation of six projects under the National Fiberisation and Connectivity Plan (NFCP) for this year following the Economic Stimulus Package 2020 announced by the government yesterday. At a total cost of RM3 billion, the plan intends to reduce the digital divide through the expansion of coverage and improvements in the […]
Stimulus package to address concerns, long term sustainability
KUALA LUMPUR: The measures announced in the Covid-19 stimulus package announced yesterday seeks to address the immediate concerns associated with the virus’ outbreak as well as the long-term economic sustainability of the country. Deloitte Malaysia country tax leader, Sim Kwang Gek said the economic aid focused on the sectors’ hardest hit by the disease is to ensure […]
Waiver of listing fees by SC & Bursa Malaysia for one year
KUALA LUMPUR: The Securities Commission and Bursa Malaysia will waive the listing fees for one year, said interim prime minister Tun Dr Mahathir Mohamad said. This includes a waiver on the listing fees for companies seeking a listing on the Leading Entrepreneur Accelerator Platform (LEAP) or Access, Certainty, Efficiency (ACE) markets, as well as companies with the market capitalisation […]
RM20 billion economic stimulus package
PUTRAJAYA: Interim Prime Minister Tun Dr Mahathir Mohamad today announced RM20 billion Economic Stimulus Package to ensure risks to the economy due to Covid-19 can be addressed effectively. He said three strategies were outlined under the package, namely addressing the impact of the disease, catalysing people-based growth, and encouraging quality investment. Several plans have also been lined […]
