Govt launches Pemulih package worth RM150 bln, including fiscal injection of RM10 bln
KUALA LUMPUR: The government has today launched the National People’s Well-Being and Economic Recovery Package (Pemulih) worth RM150 billion, comprising the government’s direct fiscal injection of RM10 billion, aimed at providing comprehensive assistance to the people and focusing on three main focuses, Prime Minister Tan Sri Muhyiddin Yassin said. According to him, the three focuses […]
Residents give thumbs-up to Pemerkasa Plus
KUCHING: Several local residents have expressed their support to Bantuan Prihatin Rakyat (BPR) 3.0, through the Supplementary Strategic Programme to Empower the People and Economy (Pemerkasa Plus), with an allocation of RM1.2 billion. Pemerkasa Plus was announced by Prime Minister Tan Sri Muhyiddin Yassin on May 31 as an initiative to help the people affected […]
Malaysia suffers RM1 bln losses daily
KUALA LUMPUR: The government has suffered losses of RM1 billion daily throughout the current movement control order (MCO 3.0), said Prime Minister Tan Sri Muhyiddin Yassin. Describing the decision to implement the MCO as not an easy one, he said Malaysia needs to come out of the Covid-19 crisis quickly for the sake of everyone’s […]
MEF hopes govt can allocate extra RM40 billion to help employers
KUALA LUMPUR: The Malaysian Employers Federation (MEF) hopes the government can allocate an extra RM40 billion to employers to help them mitigate the impact of the movement control order (MCO) 3.0 that has been extended until June 28. Executive director Datuk Shamsuddin Bardan said many employers are still facing cash flow problems despite the various […]
BPR appeal period starts June 15
KUALA LUMPUR: Individuals whose Bantuan Prihatin Rakyat (BPR) applications had been rejected can submit their appeal starting June 15 (Tuesday) until June 30, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. Tengku Zafrul said applicants can submit an appeal with relevant documents to the Inland Revenue Board of Malaysia (IRBM). “This appeal process is […]
Affected M40, T20 groups eligible for financing repayment aid
KUALA LUMPUR: Individual customers and businesses whose income has been affected, including from the M40 and T20 groups, are eligible to apply for financing repayment assistance, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM). AIBIM president Datuk Adissadikin Ali said the qualification was in line with the presentation of the movement control […]
MEF, Samenta agree MCO 3.0 extension necessary, hopeful of effective measures
KUALA LUMPUR: Malaysian Employers Federation (MEF) concurs with the government’s decision in extending the movement control order (MCO) 3.0 as the average daily rate of infection had not reduced to below 5,000 but is hopeful of effective measures to shore up businesses. “While it was necessary to extend the MCO 3.0 lockdown for another two […]
Bank extends relief assistance to customers
KUALA LUMPUR: United Overseas Bank (UOB) Malaysia has extended its Covid-19 Relief Assistance Programme for customers who are affected by the nationwide movement control order (MCO) 3.0 The bank in a statement on Friday stated that the programme is in line with the government’s recent Pemerkasa Plus aid package. It said the relief assistance programme […]
Govt needs to consider vouchers, credit as alternative ways
KUALA LUMPUR: The government needs to consider introducing voucher and credit as alternative ways to stimulate the economy beyond a conventional method of direct cash injection that can hurt its coffer and increase debt level, said a don. Putra Business School business development manager Associate Professor Dr Ahmed Razman Abdul Latiff said during the pandemic, […]
Perak MB, 10 exco members to forgo three months’ pay
IPOH: Perak Menteri Besar Datuk Saarani Mohamad and 10 members of the state executive council have agreed to donate their salaries for three months starting in June to the Covid-19 Disaster Trust Fund. Speaking at a virtual press conference after chairing the state executive council meeting today (June 2), Saarani said apart from donating their […]
