Using robotic tech soon
KUALA LUMPUR: The Ministry of Science, Technology and Innovation (Mosti) will embark on a pilot programme to use of robotic technology in various sectors to replace human labour, hence reducing the country’s dependence on foreign workers. Minister Khairy Jamaluddin Abu Bakar said the privately-developed programme would be implemented first in the manufacturing sector soon. He […]
PENJANA provides capital for agriculture and food industries
BY MOHAMAD HARITH MOHAMAD NIZAR KUALA LUMPUR: Agriculture and food industries are among sectors affected by Covid-19 outbreak and in need of support and capital assistance to ensure the continuity of food chain. Through the National Economic Recovery Plan (PENJANA), the government aims at injecting funding to the industry, besides providing circulating capital to plantation […]
Single mothers can apply for RM300 aid
KUCHING: Single mothers can now apply for the National Economic Recovery Plan (Penjana) one-off financial assistance of RM300, revealed Assistant Welfare, Community Wellbeing, Women, Family and Childhood Development Minister Rosey Yunus. They need to register with the Department of Women Development (JPM), Social Welfare Department (JKM) and National Population and Family Development Board (LPPKN) under […]
Modest improvement expected in Q3 GDP with stimulus package
KUALA LUMPUR: The effects of Malaysia’s stimulus package should be seen in the third quarter of 2020’s (Q3 2020) gross domestic product (GDP) performance, said AmBank Research group chief economist and head of research Dr Anthony Dass. He said the modest improvement expected in Q3 2020 would come after the anticipated worst quarterly growth in […]
Stimulus packages reduce widespread economic hardship
KUALA LUMPUR: The enormous and multiple stimulus packages rolled out not just by Malaysia but all over the world are considered appropriate and necessary to alleviate widespread economic hardship and to reduce longer-term damage to economies, say economists. Professor of Economics at Sunway University Business School Prof Dr Yeah Kim Leng said the health and […]
Palm oil industry rejoice as economies reopen
KUALA LUMPUR: After a dramatic slowdown in the first quarter due to the coronavirus lockdown imposed by countries across the globe, the palm oil bulls are on the move again and ready to charge the market in the second quarter onwards. As businesses throughout the world are allowed to resume operations again, this would only […]
Govt to raise RM35 bln from local market
KUALA LUMPUR: The government will borrow up to RM35 billion locally to finance its RM295 billion initiatives to spur the economy, namely for the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) and the National Economic Recovery Plan (PENJANA). Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said out of the total worth of initiatives, some RM45 […]
Malaysia’s 2020 investments unlikely be the same as 2019’s
KUALA LUMPUR: Although it is unlikely that Malaysia will be able to achieve the same amount of total approved investments recorded in 2019 due to the Covid-19 pandemic this year, it is expected to recover next year in line with the revival of the global economy. Malaysian Investment Development Authority (MIDA) chief executive officer Datuk […]
Penjana reignites growth of trade, industrial, manufacturing sectors
MELAKA: The National Economic Recovery Plan (Penjana) is a sustainable economic stimulus package aimed at reigniting the growth of the country’s trade, industrial and manufacturing sectors that have been battered by Covid-19. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said small and medium enterprises or entrepreneurs were expected to gain various benefits […]
Tax exemption augurs well for palm oil industry
KUALA LUMPUR: Covid-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (Penjana) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price. The government on Friday announced a 100 per cent exemption on […]
