News about PENJAN

KUALA LUMPUR (June 6): The Malaysian Association of Tour and Travel Agents (MATTA) is seeking details of the mechanism of the RM1 billion Penjana Tourism Financing (PTF) facility which will be made available to finance transformation initiatives by small and medium enterprises (SMEs) in the tourism industry.

KUALA LUMPUR (June 6): The Malaysian Trades Union Congress (MTUC) has raised concerns over what it described as scant details the government has offered in Plan Jana Semula Ekonomi Negara or the short-term Economic Recovery Plan (Penjana) announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday.

KUALA LUMPUR (June 5): To rouse the sluggish tourism industry out of its pandemic-induced lethargy, Prime Minister Tan Sri Muhyiddin Yassin announced today that the Government has allocated RM1 billion to finance transformation initiatives by SMEs in the tourism sector.

KUALA LUMPUR (June 5): Besides loan moratorium, banks are offering an additional RM2 billion under the Penjana SME Financing to assist SMEs adversely impacted by Covid-19.

KUALA LUMPUR (June 5): The 10% sales tax on complete knock down (CKD) passenger vehicles will be waived while the tax on completely built-up (CBU) passenger vehicles will be halved to 5%, said Prime Minister Tan Sri Muhyiddin Yassin.

PETALING JAYA (June 5): The Real Estate and Housing Developers’ Association (REHDA) Malaysia is confident that the incentives to stimulate the property market under the Penjana Short-term Economic Recovery Plan (ERP) could help alleviate the financial burden on homebuyers and ultimately contribute to economic growth.

PETALING JAYA (June 5): The Penjana Short-term Economic Recovery Plan announced by Prime Minister Tan Sri Muhyiddin Yassin today will provide financial relief to targeted groups of people in the country.

PETALING JAYA (June 5): The property market stimulus measures announced under the country’s Penjana Short-term Economic Recovery Plan (ERP) today would benefit the domestic market but the country needs foreign investors to help the market recover as well, said the Associated Chinese Chambers of Commerce & Industry of Malaysia (ACCCIM) head of taxation committee Koong Lin Loong (pictured).

PETALING JAYA (June 5): The Penjana Short-term Economic Recovery Plan (ERP) announced by Prime Minister Tan Sri Muhyiddin Yassin today will boost overall market sentiment and raise confidence for a market recovery, said Malaysian Institute of Estate Agents (MIEA) president Lim Boon Ping.

KUALA LUMPUR (June 5): The government wants to stimulate the property sector again and it is with this in mind that Home Ownership Campaign (HOC) will be reintroduced while there will also be stamp duty and Real Property Gains Tax (RPGT) exemptions.