What are civil servants entitled to under the stimulus package?
KUALA LUMPUR (March 27): Several measures were announced by the government that were targeted at civil servants, public sector contract workers, as well as pensioners.
Over 2,000 hotel staff laid off, hotels need more help
KUALA LUMPUR (March 27): The Malaysian Hotel Association (MAH) in response to the Prihatin Economic Stimulus Package announced today said the hotel industry “needs a little bit more help”, as it disclosed that as of now, 2,041 hotel employees in the country have already been laid off due to economic pressures and the extended movement control order (MCO) in light of the COVID-19 pandemic.
Non-compounding interest for Affin Bank loans during 6-month moratorium
KUALA LUMPUR (March 27): Affin Bank Bhd and Affin Islamic Bank Bhd will be offering their retail customers and SME clients non-compounding interest or profit for six months, for term loan and term financing, during the moratorium for financing facilities due to the COVID-19 outbreak in the country.
No glove shortage in Malaysia, don’t profiteer, says Margma
KUALA LUMPUR (March 27): The Malaysian Rubber Gloves Manufacturers Association (Margma) has warned distributors to refrain from profiteering as there is adequate supply of gloves in the country.
BNM boosts SMEs' access to finance, relaxes rules on insurers
KUALA LUMPUR (March 27): Bank Negara Malaysia (BNM) is increasing the allocation of financing facilities under its Fund for SMEs by an additional RM4 billion to RM13.
COVID-19 stimulus package: Govt to focus on domestic investment activities
KUALA LUMPUR (March 27): The government will be focusing on domestic investment activities that have high multiplier effects and can create jobs, said Prime Minister Tan Sri Muhyiddin Yassin in a speech today.
Putrajaya allocates RM1b more to MoH to combat COVID-19
KUALA LUMPUR (March 27): Malaysia is setting aside RM1 billion more from its economic stimulus package announced today for its Health Ministry to procure more medical equipment as well as healthcare services from the private sector to combat the coronavirus pandemic.
Govt moves to lighten three employer commitments to ease business cash flow
KUALA LUMPUR (March 27): Prime Minister Tan Sri Muhyiddin Yassin has announced measures that will lighten three commitments that employers face to address the cash flow constraint that is weighing on businesses that have been affected by the COVID-19 outbreak.
Govt to part-subsidise salary of affected businesses, with conditions
KUALA LUMPUR (March 27): The government will subsidise RM600 for each worker earning below RM4,000 for three months, applicable to companies whose income has halved since January, said Prime Minister Tan Sri Muhyiddin Yassin.
Govt adds RM230b allocation to counter virus threat to economy, bringing total to RM250b
KUALA LUMPUR (March 27): The government is allocating RM250 billion for a stimulus package to counter the threat of the COVID-19 pandemic to its economy, which includes the RM20 billion it previously announced in late February.
