Covid-19: Malaysia’s daily new cases stay above 1,000-level for fifth consecutive day
Sabah continues to lead with 616 cases, representing 52.7% of the total positive cases today, while the Klang Valley recorded 275 new cases.
Ismail Sabri: CMCO in all states in Peninsular Malaysia except Perlis, Pahang, Kelantan until Dec 6
This means the ongoing CMCO in Selangor, Kuala Lumpur, and Putrajaya will be extended as well. The same goes for Labuan and Sabah.
Budget 2021 seen as boon to e-commerce startups, SMEs
Oxwhite founder CK Chang said the Budget is quite a comprehensive plan as it will help drive Malaysians further in the adoption of e-commerce through connectivity enhancement such as Prihatin Connectivity Plan (Program Jalinan Prihatin) and National Digital Connectivity (JENDELA).
Budget 2021 addresses needs of rakyat, businesses amid Covid-19, say
Bursa Malaysia chairman Tan Sri Abdul Wahid Omar characterised Budget 2021 as an “expansionary and holistic budget” that is appropriate with current priorities for the rakyat’s wellbeing.
ABM offers enhanced targeted repayment assistance from Dec 1 to end-June 2021
Eligible borrowers for this enhanced assistance will be able to choose one of two options for each loan, namely a three-month deferment of instalment or a six-month reduction in instalments by 50%, which will be effective from Dec 1, 2020 until end-June 2021.
Budget 2021 no help to tourism sector, say hotel and travel agent groups
The Malaysian Association of Hotels (MAH) said the tourism and hotel industries are deeply concerned with the lack of immediate assistance to stakeholders suffering from reduced cash flow due to both domestic and international travel restrictions.
Covid-19: Malaysia’s daily cases hit all-time high of 1,755 with 68.3% in Sabah, outpacing 726 recoveries
Sabah continues to post the highest number of cases nationwide with 1,199 cases
Domestic demand to grow by 6.9% in 2021, to recover from 3% decline in 2020
“Better job prospects on an improving economy will also improve household spending, as well as recovery in tourism-related sectors will contribute to better private consumption next year,” MoF wrote.
Malaysia's economy expected to grow 6.5%-7.5% in 2021 after 4.5% contraction in 2020
The government's Covid-19 stimulus packages are expected to contribute over four percentage points to GDP growth, according to the Economic Report, noting that the government's all four stimulus packages, comprising fiscal and non-fiscal measures, totalled RM305 billion or 21% of the nation's GDP.
Federal govt debt to increase to 61% of GDP in 2021
The country’s fiscal deficit is anticipated to widen to 6% of GDP due to the implementation of economic stimulus packages and recovery plans, in addition to a lower GDP estimate and global crude oil prices.
