Extend VOP and EOT to private sector too, says MBAM
Petaling Jaya (June 29): Master Builders Association Malaysia (MBAM) hopes that the government can extend some of the incentives announced in the PEMULIH stimulus package to the private sector.
Florida official said Champlain Towers South building was safe despite warning
MIAMI (June 29): A town inspector had assured the residents of Champlain Towers South in Surfside, Florida that their building was safe a month after an engineering report stated that the building has structural safety issues in 2018, reported Reuters.
Still no guidelines on indoor ventilation amid rise in workplace clusters
PETALING JAYA (June 29): Despite numerous calls from the experts, the government has yet to formulate proper guidelines on ventilation in enclosed spaces such as workplaces and factories, reported Malaysiakini.
Over 12 million Australians go under lockdown to curb the spread of Covid-19 Delta variant
SYDNEY (June 29): Close to half of the population of Australia is now in lockdown as the country struggles to contain the outbreak of the highly infectious Delta coronavirus variant, reported CNN.
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.
