Covid-19: Daily new cases jump to 6,437 on June 29
KUALA LUMPUR (June 29): A total of 6,437 new confirmed Covid-19 infections were detected in the country over the last 24 hours — the highest in 11 days.
Economists view PEMULIH as lockdown stabiliser rather than recovery catalyst
KUALA LUMPUR (June 29): The RM150 billion PEMULIH stimulus package will only provide a temporary stabiliser to the economy, while the prescription for recovery is still lacking, opined CGS-CIMB economists Michelle Chia and Lim Yee Ping.
FMM: PEMULIH is timely for businesses to survive
PETALING JAYA (June 29): The six-month loan moratorium and the enhancement of the Wage Subsidy Programme (WSP) under the National People’s Well-being and Economic Recovery package (PEMULIH) are timely measures for the survival of businesses during lockdown, said the Federation of Malaysian Manufacturers (FMM).
Latest round of blanket moratorium less likely to hurt bank earnings due to opt-in basis, say analysts
KUALA LUMPUR (June 29): Analysts expect the latest blanket moratorium on loan repayments to cause lower modification losses for banks as it is being offered on an opt-in basis.
S&P Global cuts Malaysia's growth forecast
PETALING JAYA (June 29): S&P Global cut its growth forecasts on Malaysia to 4.
CME: Blanket moratorium may be harmful to the economy
PETALING JAYA (June 28): Although the newly announced six-month blanket loan moratorium might be able to temporarily help wage earners to alleviate their financial burden, a more sustainable long-term economic plan is crucial for the country’s recovery, said economists.
REHDA: Loan moratorium helps but govt needs to heed other issues too
PETALING JAYA (June 28): The newly announced blanket loan moratorium is beneficial in helping to alleviate individuals’ financial burdens due to the prolonged lockdown, said Real Estate & Housing Developers’ Association Malaysia (REHDA) president Datuk Soam Heng Choon.
Malaysia's Covid-19 deaths surpass 5,000 mark on June 28; 5,218 new infections reported
KUALA LUMPUR (June 28): Deaths due to Covid-19 nationwide breached the 5,000 mark today, as 5,218 new infections were also reported by the Health Ministry.
Highlights of the National People’s Well-being and Economic Recovery Package
These are the key takeaways of the National People’s Well-Being and Economic Recovery Package (PEMULIH) announced by Prime Minister Tan Sri Muhyiddin Yassin.
Malls and retailers say MCO 3.0 extension unfair, an overkill
PETALING JAYA (June 28): Mall operators have expressed their worries on the blanket lockdown of the entire nation which will further dampen the economic condition.
