No curfew, emergency as long as MCO enforced under MoH
“I want to clarify here that news about curfew, emergency ordinance, and others are fake news.”
COVID-19 stimulus package: What’s in it for pisang goreng sellers and micro businesses?
For a married couple operating a hawker stall, with household earnings below RM4,000 per month, they will receive a one-off payment of RM1,600 by May, on top of the RM600 Cost of Living Aid that is due in July.
COVID-19 stimulus package: What’s in it for the middle-income group?
Let's say you're part of a married couple working in the private sector, with a household income of between RM4,000 and RM8,000 per month.
Govt moves to lighten three employer commitments to ease business cash flow
The first is the introduction of a programme that will allow employers to postpone, restructure, or reschedule their mandatory Employees Provident Fund contribution for employees. The EPF will introduce this programme on April 15.
Govt to part-subsidise salary of affected businesses, with conditions
This measure will take up RM5.9 billion from the government’s RM250 billion economic stimulus package to address the impact of the COVID-19 outbreak that he announced today.
CMMT provides 14-day rental waiver to non-essential services tenants
The latest measures by CapitaLand and CMMT aims to provide immediate cost and cashflow relief to the affected tenants, it said in a statement.
BNM allows banks to tap into capital buffers amid COVID-19
“The banking system is facing these challenges from a position of strength, with excess capital buffers above the minimum regulatory requirement of RM119.7 billion as at end January 2020,” said BNM.
Shopping mall industry could lose over RM750m during 14-day MCO: Association
The estimate includes super-regional malls, regional malls, neighbourhood malls, premium outlets, and shops that are allowed to stay open during this period, and excludes stand-alone hypermarket centres or supermarket centres in the street.
No defence against MCO for REITs
The immediate concern is the impact of the MCO on rental payments among tenants, as well as the possibility of the partial lockdown being extended beyond March.
