Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd Yunus: While it [a blanket moratorium] puts money in people's pocket in the short term, it creates a lot of economic distortions and has a negative impact on the economy.
Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus: As domestic economic activities resume and external demand picks up, broad income conditions should also improve gradually and support spending
"An expansionary fiscal policy has been necessary to support economic recovery the world over. What is key is the government's commitment to gradually embarking on a fiscal consolidation path in the medium term.”
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.
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.
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.
Quarterly revenue declined 16.3% to RM70.05 million, from RM83.72 million a year earlier.
The turbulent political scene in the country has added another layer of uncertainty, especially with the upcoming Budget 2021 slated to be tabled to Parliament on Nov 6.
From the original 95 million francs after reassessing the disgorgement of profit in the 1MDB enforcement case against the bank.
Tien Entertainment claims that the notice of termination dated Feb 28, 2018 served by Menara TA was unlawful.