Budget 2021 will be similar in spirit to Prihatin, Penjana
KUALA LUMPUR: Budget 2021 will not deviate much from the previous budgets’ convention but will be infused with initiatives similar in spirit to the Prihatin Rakyat Economic Stimulus Package (Prihatin) and National Economic Recovery Plan (Penjana), according to an economic expert. “The upcoming national budget will still hinge on aspects such as jobs and people’s […]
Unity vital for Malaysia
By Afiezul Samit & Nuruldayana Rafiee KUCHING: ‘Malaysia Prihatin’ (Malaysia Cares), the theme for this year’s National Day celebration, should be practised by Malaysians in years to come to foster unity, said Universiti Kebangsaan Malaysia (UKM) senior lecturer Dr Suffian Mansor. He said the theme reflected the situation in the nation following the Covid-19 […]
RM4.39bil spent under Tekun Niaga scheme
KUCHING: A total of RM4.39bil has been spent through the Tekun Niaga scheme in assisting 460,626 hawkers and traders nationwide. Entrepreneur Development and Cooperatives Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar said Tekun had also provided additional financing schemes to assist entrepreneurs affected by the Covid-19 pandemic. “Covid Business Recovery Micro (CBRM), which is […]
Temporary Measures Bill to ease Covid-19 impacts, support Prihatin, Penjana
KUALA LUMPUR: The Temporary Measures for Reducing The Impact of Coronavirus Disease 2019 (Covid-19) Bill 2020 supports government’s initiatives to restore the country’s economy via the Prihatin Rakyat Economic Stimulus Package (Prihatin) and the National Economic Recovery Plan (Penjana). Minister in the Prime Minister’s Department (Parliament and Law) Datuk Takiyuddin Hassan said the Bill provided […]
No immediate plans to increase PRIHATIN, PENJANA allocations
KUALA LUMPUR: Finance Minister Tengku Datuk Seri Zafrul Aziz said the government has no immediate plans to increase allocations in the economic stimulus packages. Any subsequent addition, he said, is contingent on the country’s economic recovery process. “For now, we do not have any plans to make any addition to the PRIHATIN and PENJANA packages […]
RMCO allows people, businesses to generate income
KUALA LUMPUR: The gradual opening of the economy and the implementation of the Recovery movement control order (RMCO) have enabled the people and businesses to start generating income and repay their financial loans. Minister of Finance Tengku Datuk Seri Zafrul Tengku Aziz said the next step that can be taken is for more targeted assistance […]
Wage subsidy benefits 313,000 employers, 2.5 mln workers
KUALA LUMPUR: A total of 313,000 employers and 2.5 million workers have benefited from wage subsidy assistance worth RM7.4 billion under the Prihatin Rakyat Economic Stimulus Package (PRIHATIN), the Prime Minister’s Office (PMO) said today. It also said 68,336 e-hailing drivers had received a RM500 cash allowance each, totalling RM34 million. It said this in […]
Ensuring economy back on right track is priority
PUTRAJAYA: The government’s top priority during the recovery movement control order period is to ensure that the economy is back on the right track through the economic stimulus packages and assistance, according to Prime Minister Tan Sri Muhyiddin Yassin. He cited the RM260 billion Prihatin Rakyat Economic Stimulus Package (Prihatin) as one of the measures […]
Fed, state govts to rescue SMEs
KUCHING: The federal and state governments have been helping to alleviate the burden of small and medium enterprises (SMEs) affected by the Covid-19 pandemic and movement control order (MCO). This was pointed out by Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan during a Sarawak SME Dialogue titled ‘Covid-19: Recovery and Empowerment of SME […]
Targeted moratorium extension up to banks
KUALA LUMPUR: It is up to the banks if they wish to extend the loan moratorium in a targeted way, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He expressed the view that banks should look into targeted assistance but they cannot be forced to do so as it within their jurisdiction. “(There are) […]
