All hands on deck to revive the economy
KUALA LUMPUR: The government will leave no stone unturned in reviving the country’s economy that has been battered by the Covid-19 pandemic, including being aggressive in attracting foreign direct investments into the country, said Prime Minister Tan Sri Muhyiddin Yassin. “After this, the whole world would want investments; the global capital is limited. If Malaysia […]
Roll out 3 mega projects to spur post-Covid-19 economy
KUALA LUMPUR: A former secretary-general of the Finance Ministry today urged the government to roll out three big-ticket construction projects that have been in the pipeline for some time to kickstart the country’s post-Covid-19 economy. Tan Sri Mohd Sheriff Mohd Kassim said the three multi-billion-ringgit projects — the East Coast Rail Link (ECRL), Kuala Lumpur-Singapore High […]
Prepare quickly to face post Covid-19 economy
KUANTAN: The Regent of Pahang Tengku Hassanal Ibrahim Alam Shah Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah today said the state government must make prompt preparation to face the post Covid-19 economic scenario. He said a ‘new normal’ was expected to occur in the aspect of the economy and social following the spread of the Covid-19 plague faced […]
Malaysian economy resilient in 2019, boosted by domestic, private sectors
KUALA LUMPUR: The Malaysian economy continued to be resilient in 2019, upheld by sustained strength in domestic private sector activities amidst a challenging external environment, Securities Commission (SC) said in its 2019 Annual Report. Against this backdrop, the statutory body said that the Malaysian capital market continued to play a vital role in financing the […]
Global growth to contract by 3 pct in 2020
KUALA LUMPUR: Triggered by the Covid-19 pandemic, the global economy may likely undergo its worst recession since the Great Depression in the 1930s, and far worse than the 2009 global financial crisis, the International Monetary Fund (IMF) said yesterday. “This is a crisis like no other, and there is substantial uncertainty about its impact on people’s […]
Higher Education Ministry offers post Covid-19 research grants
PUTRAJAYA: Lecturers at public universities and private institutions of higher learning are invited to bid for the Higher Education Ministry’s (KPT) special grants to conduct research on critical areas that are in close association with the community in dealing with the aftermath of the Covid-19 pandemic. KPT, in a statement issued today, said at least RM20,000 would […]
Helping Sarawak to recover after Covid-19 pandemic
Roadmap to stimulate economy: Abang Johari KUCHING: The Sarawak government will work out a strategic roadmap to stimulate the state’s economy affected by the Covid-19 pandemic. Chief Minister Datuk Patinggi Abang Johari Tun Openg said the roadmap would help the state to recover and enhance its economy after the crisis ended. “The state has already […]
At least six months for economy to recover
KUALA LUMPUR: The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the estimated recovery period was reasonable with the support of the right strategies. “We pray for that, so surely we need to […]
Restricted movement to adversely impact the economy in short term
KUALA LUMPUR: The nationwide movement restriction to contain the Covid-19 outbreak will adversely impact the economy in the short term, but its effects will be limited, said Kenanga Research. Since important government and business services is run as usual, and that the restriction will last for two weeks, the research house said the full impact would depend on how […]
Highlights of 2020 economic stimulus package
PUTRAJAYA: Following are the highlights of the 2020 Economic Stimulus Package unveiled by Interim Prime Minister Tun Dr Mahathir Mohamad today: Introduction of 2020 Economic Stimulus Package is to ensure economic risks associated with the Covid-19 outbreak is effectively addressed The stimulus package valued at RM20 billion is anchored on three strategies as follows: Strategy I: […]
