Housing developers welcome Fed’s Pemerkasa Plus incentives
KUCHING: The Pemerkasa Plus stimulus package announced by Putrajaya yesterday (May 31) will complement Sarawak’s Bantuan Khas Sarawakku Sayang (BKSS) 6.0. Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Datuk Sim Kiang Chiok said that as expected, under Pemerkasa Plus, there will be additional cash handouts for the B40 and M40, including […]
Wan Junaidi endorses Pemerkasa Plus incentives for businessmen
KUCHING: Entrepreneur and Cooperative Development Minister Datuk Seri Dr Wan Junaidi Tuanku Jaafar has given the thumbs-up to the Pemerkasa Plus stimulus package incentives for entrepreneurs. He said his ministry fully supported the incentives which included grants and funding amounting to RM11.5 billion that would greatly benefit entrepreneurs. “This initiative announced is the right step […]
PM, ministers, deputy ministers take 3 months’ salary cut
Salaries to be channelled into disaster trust fund account towards Covid-19 expenditure KUALA LUMPUR: All ministers and deputy ministers will not be taking their salaries for three months from June as practised during the first movement control order (MCO) 1.0 last year. The matter was announced by Prime Minister Tan Sri Muhyiddin Yassin in his […]
Additional RM2.5 bln a welcome move
KUCHING: An additional RM2.5b ln has been allocated to accelerate the economic recovery of small contractors through the implementation of the Pemerkasa stimulus package. Works Minister Datuk Sri Fadillah Yusof on Thursday (March 18) said his ministry welcomed the additional grant, announced by Prime Minister Tan Sri Muhyiddin Yassin. This would increase the allocation for […]
Lazada Malaysia launches RM44 mln ‘Pakej Kedai 2.0’ to help SMEs
KUALA LUMPUR: Lazada Malaysia has stepped in again to help over 70,000 local small and medium enterprises (SMEs) to stay afloat throughout the second movement control order (MCO) with its stimulus package, ‘Pakej Kedai 2.0’, worth RM44 million. It said the initiative is aimed at addressing business pain points and provide efficient solutions with subsidies […]
Association wants additional allocation to be disbursed soon
KUALA LUMPUR: The Malaysian Association of Tour Agency (MATA) expressed relief with the announcement of an additional allocation of RM200 million by the Ministry of Tourism, Arts and Culture (Motac) for the implementation of the stimulus package under the Tourism Rehabilitation Plan for 2021. Its president, Datuk Mohd Khalid Harun hoped that the disbursement of […]
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 […]
Businesses laud Penjana
MUKAH: The business community here welcomes the National Economic Recovery Plan (Penjana) announced by Prime Minister Tan Sri Muhyiddin Yassin on Friday. Most described the plan as a ‘lifeline’ to the economy considering the impact that the Covid-19 pandemic and the movement control order (MCO) had on the country since March 18. Kapitan Kong Boon […]
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 […]
Indian businesses welcome Modi’s $266 billion stimulus package
NEW DELHI: Indian businesses have welcomed Prime Minister Narendra Modi’s stimulus package of 20 trillion rupees ($266 billion) for the coronavirus-battered economy. India, which is enforcing the world’s largest lockdown to combat Covid-19 by keeping most of its 1.3 billion people at home, is expected to start easing some restrictions on businesses and people’s movement soon. […]
