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Government channels RM20 bln for wage subsidy programme

KUALA LUMPUR: The government has channelled a total of RM20.936 billion to 357,929 employers through the Wage Subsidy Programme (PSU) as at July 29, 2022, to maintain the employment of 2.96 million local workers. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the effort was aimed at reducing the unemployment rate among Malaysian workers. […]

Thumbs-up for mobile banking services

KUCHING: State assemblymen are happy that   the state government has, under the BKSS 3.0, has allocated RM1.6 million capital expenditure to Bank Simpanan Nasional (BSN) to operate its mobile banking services in the rural areas in Sarawak. Chief Minister Datuk Patinggi Abang Johari Tun Openg announced this on May 8.    He also said for a […]

Most businesses allowed to resume on Monday

PUTRAJAYA: The government will implement the conditional movement control order (CMCO), with most economic and social activities allowed to resume on May 4. Prime Minister Tan Sri Muhyiddin Yassin said this decision was taken after two of the six strategies adopted by the government to contain the Covid-19 pandemic and build resilience through the Prihatin […]

Grants are preferable for vulnerable SMEs than loans

KUALA LUMPUR: Grants will provide a stronger buffer for vulnerable small and medium enterprises (SMEs) to avoid insolvency compared with loans, said an economic, trade and regional integration analyst. Calvin Cheng from the Institute of Strategic and International Studies (ISIS) said loans could be a burden to vulnerable SMEs in addition to the permanent revenue loss incurred by them […]

Govt’s fiscal injection rises to RM35 bln

KUALA LUMPUR: The government’s direct fiscal injection to stimulate the economy has increased to RM35 billion after the announcement of the RM10 billion Prihatin Package for SMEs (Additional Measures) made by Prime Minister Tan Sri Muhyiddin Yassin yesterday. Finance Minister Tengku Datuk Seri Zafrul Aziz said the injection would be funded through government funds and domestic borrowings. “The country’s budget […]