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.
Construction work at Taman Desa condo project under investigation raises questions
KUALA LUMPUR (March 27): Residents living near a partially-built condominium project in Taman Desa, which suffered a construction mishap earlier this year, are questioning the work resumption at the site especially now when the country is under the COVID-19 outbreak Movement Control Order (MCO), which is slated to end April 14.
These banks won’t compound interest, profit rates during six-month loan moratorium
KUALA LUMPUR (March 27): In line with Bank Negara Malaysia (BNM)’s decision to grant an automatic moratorium on loan payments for six months following the escalation of the fallout of Covid-19, Malaysian banks are doing their bit by announcing that they will not compound interest and profit rates on their loans.
COVID-19 to send almost all G20 countries into a recession
KUALA LUMPUR (March 27): The Economist's Intelligence Unit, following the COVID-19 outbreak, revised its growth forecasts for all countries across the world.
COVID-19 not deterring Hong Kong interest in Malaysian properties
PETALING JAYA: From the political turmoil which resulted in a change in government to the COVID-19 pandemic that has placed the country in partial lockdown coupled with the stock market meltdown — recent developments in Malaysia have been far from favourable.
