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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 […]

Renew expired taxi driver card to receive RM600 aid

KUALA LUMPUR: The Land Public Transport Agency (Apad) advises taxi drivers who have not renewed their expired driver’s card to do so in order to facilitate the distribution of the one-off RM600 Bantuan Prihatin Nasional (BPN) aid. In a statement today the agency said taxi drivers must renew their driver’s card by July 1 by […]

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 […]

RM35b more to stimulate economy

PUTRAJAYA: In the face of the economic challenges following the global Covid-19 pandemic, the government on Friday unveiled the National Economic Recovery Plan (Penjana) to empower the people and stimulate the economy. Prime Minister Tan Sri Muhyiddin Yassin when announcing the short-term plan themed “Building the Economy Together” said that it was also aimed to […]

Socso denies collaboration with MYEG

KUALA LUMPUR: The Social Security Organisation (Socso) today denied there had been any collaboration with MY EG Services Bhd (MYEG) pertaining to the implementation of its Prihatin Screening Programme (PSP), Socso in a statement today said applications for the programme can only be made through its portal at https://prihatin.perkeso.gov.my. “Conditions and screening procedures are also available on […]

BPN phase 2 expected to complete by this weekend

KUALA LUMPUR: The Ministry of Finance (MOF) has targeted to complete all payments for Bantuan Prihatin Nasional (BPN) Phase 2 latest by this weekend. Its Minister, Tengku Datuk Seri Zafrul Abdul Aziz, said the second phase payment had started and involved 5.79 million recipients worth RM2.63 billion. “Out of the total 8.3 million recipients approved, the payment achievement […]

Government to relook into reliance on foreign labour

KUALA LUMPUR: The government will take a relook on policy regarding the country’s 2.3 million foreign labours, following various difficulties encountered by the group during the movement control order (MCO) to stop the spread of Covid-19, said the Minister in the Prime Minister’s Department (Economy). Datuk Seri Mustapa Mohamed said the number of foreign labour in the country could be […]

Surviving in tough times

Business is one of the many roots of a country’s economy. Ever since the commencement of movement control order (MCO) on March 18, most businesses have been on idle mode with little to no income generated. Finding ways to keep business running Realising the importance of helping small businesses in these troubled times, Prime Minister […]

Long queues for BPN

MIRI: Long queues were formed outside Bank Simpanan Nasional (BSN) branches yesterday morning in this district as crowds intended to check and collect their Bantuan Prihatin Nasional (BPN) aid, despite the ongoing movement control order (MCO). The financial aid, targeting the B40 and M40 groups, was rolled out by the government to relieve the burden […]

Enforcing MCO rules at bank

BINTULU: The police with the help of assistance of the army, auxiliary police and Bintulu People’s Volunteer Corps (Rela) personel are helping to control the crowd at Simpanan Nasional (BSN) Bintulu branch as the latter dispenses Prihatin, Bantuan Sara Hidup and Sarawakku Sayang aid. Bintulu district police chief Supt Zulkipli Suhaili said his men held […]