Banks to offer six-month moratorium from July 7
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) and Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) member banks will be offering a six-month moratorium from July 7. In a joint statement, they said this is in line with the National People’s Well-Being and Economic Recovery Package (Pemulih) unveiled by Prime Minister Tan […]
Malaysia to revise 2021 GDP growth forecast downwards
PUTRAJAYA: Malaysia’s Gross Domestic Product (GDP) forecast for 2021 will be revised downwards, taking into account the impact of the full movement control order, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. “The new forecast is expected to be announced in mid-August, together with a widened deficit figure,” he told a news conference here […]
Banks to waive compounded interest, penalty charges over moratorium
PUTRAJAYA: Banks will waive the compounded interest and penalty charges incurred during the six-month loan moratorium under the National People’s Well-Being and Economic Recovery Package (Pemulih), said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the government had raised the matter with the banks during their meeting recently and they had agreed to […]
Medac allocates RM100 mln for micro-entrepreneur’s FCLO programme
PUTRAJAYA: The Ministry of Entrepreneur Development and Cooperatives (Medac) is allocating RM100 million for the ‘First Close, Last To Open’ (FCLO) programme. The FCLO is a recovery programme for micro-entrepreneurs in non-essential business and services who have been affected by the Covid-19 pandemic. Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said around 10,000 micro-entrepreneurs […]
Channel Pemulih initiatives quickly to revitalise tourism industry
PUTRAJAYA: The initiatives of National People’s Well-Being and Economic Recovery Package (Pemulih) should be channelled to industry practitioners to rehabilitate the country’s tourism and culture industry, said Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri. She said the Tourism, Arts and Culture Ministry (Motac) would ensure coordination and monitoring so that the implementation of […]
EPF withdrawal, loan moratorium huge help for M40 group
KUALA LUMPUR: The RM150 billion National People’s Well-Being and Economic Recovery Package (Pemulih) is seen to be a boon for many, especially for the M40 income group. Among other things, the government’s latest economic stimulus package entails the continuation of the Employees Provident Fund (EPF) withdrawal facilities and loan moratorium, which means a lot for […]
Free 1GB daily internet data extended until Dec 31
KUALA LUMPUR: The major telecommunications service providers in the country have agreed to extend the free one gigabit (GB) daily data until Dec 31, 2021, said Prime Minister Tan Sri Muhyiddin Yassin. “This facility estimated to be worth RM500 million will benefit 44 million customers registered nationwide,” he said when announcing the National People’s Well-Being […]
Govt allocates additional RM1.1 bln fund for microcredit financing
KUALA LUMPUR: The government will continue the microcredit financing programme with an additional fund of up to RM1.1 billion to pursue support for micro businesses, Tan Sri Muhyiddin Yassin said. The prime minister said the easy financing scheme would be provided by AgroBank and Bank Simpanan Nasional Bhd (BSN), each amounting to RM500 million, and […]
RM100 mln to support arts, creative industry
KUALA LUMPUR: The government has allocated RM100 million in the form of funding facilities and financial assistance to help the more than 8,000 people in the local arts and creative industry affected by the Covid-19 pandemic. Prime Minister Tan Sri Muhyiddin Yassin said the allocation included incentives for the production of works and digital content; […]
Comprehensive assistance for the people to face pandemic’s impact
KUALA LUMPUR: Good news for all Malaysians categorised as hardcore poor, B40, M40 and T20 groups as the government today announced comprehensive assistance under the National People’s Well-Being and Economic Recovery Package (Pemulih) totalling RM150 billion. The package is a continuation of the seven assistance and economic stimulus packages amounting to RM380 billion implemented by […]
