MEF, Samenta agree MCO 3.0 extension necessary, hopeful of effective measures
KUALA LUMPUR: Malaysian Employers Federation (MEF) concurs with the government’s decision in extending the movement control order (MCO) 3.0 as the average daily rate of infection had not reduced to below 5,000 but is hopeful of effective measures to shore up businesses. “While it was necessary to extend the MCO 3.0 lockdown for another two […]
Phase two of BPR payments to 8.4 million recipients to begin Friday
KUALA LUMPUR: The second phase of Bantuan Prihatin Rakyat (BPR) payments involving an allocation of RM2.75 billion will be made in stages starting this Friday. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the payment would benefit 8.4 million recipients comprising 3.6 million households, one million senior citizens and 3.8 million single individuals. […]
GKP Plus pay-out starts on March 25
KUALA LUMPUR: The Prihatin Special Grant Plus or Geran Khas Prihatin (GKP) Tambahan will be disbursed beginning March 25 to micro small and medium enterprises (MSMEs) that have received approval for assistance under GKP 1.0 and GKP 2.0. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the GKP Plus pay-out involved RM883 million. […]
Customs dept targets RM40 bln from taxes this year
ALOR SETAR: The Royal Malaysian Customs Department is targeting to collect RM40.7 billion in taxes this year, or higher than the RM38.6 billion in 2020. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz is confident that the department could achieve the target even though the country still has to contend with the sting of the […]
North Korea’s decision to sever ties won’t affect Malaysia’s economy
ARAU: North Korea’s decision to sever diplomatic ties with Malaysia has not affected the country’s economy, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. According to him, it is because the country’s contribution to the Malaysian economy is currently very small. “I don’t think there is any impact, because it was a small contribution,” […]
Govt to channel RM260 mln special assistance to all state govts under Pemerkasa
KUALA LUMPUR: The Finance Ministry today announced that the government has agreed to directly channel special assistance amounting to RM260 million to all state governments. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the aid would be distributed equally, namely RM20 million to each state for the immediate implementation of small projects to revive […]
Govt needs to re-look at policies to improve future socio-economic growth
KUALA LUMPUR: Malaysia needs to re-look at the way policies are set and the roles of government and institutions to improve its future socio-economic growth, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said going forward, the country must also chart a new course for more knowledge-intensive and productivity-driven growth. “I am aware […]
Worst is behind us, Malaysia will emerge stronger by year-end
KUALA LUMPUR: The systematic roll-out of the National Covid-19 Immunisation Programme and the country’s economic recovery plan that embeds strict adherence to standard operating procedures (SOPs) will be the key to drive Malaysia back on its track, making it stronger by end-2021, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said based on […]
Reopening of more economic sectors reduces national losses to RM300 mln a day
KUALA LUMPUR: The reopening of more economic sectors under the second phase of the movement control order (MCO 2.0) has succeeded in reducing the country’s losses to RM300 million a day compared to RM2.4 billion a day during the MCO 1.0. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the MCO 2.0 allowed more […]
Bantuan Prihatin Rakyat first phase payment starts tomorrow
KUALA LUMPUR: A total of 8.45 million recipients will be receiving payment under phase one of Bantuan Prihatin Rakyat (BPR) in stages involving RM1.93 billion allocation, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz. He said it involved payment to 4.4 million recipients amounting to RM300 each while 4.05 million will receive RM150 […]
