Selangor announces third economic stimulus package

  • Nation
  • Monday, 13 Jul 2020

Datuk Seri Amirudin Shari. -Bernamapic

SHAH ALAM: Selangor Mentri Besar Datuk Seri Amirudin Shari announced the state’s third economic stimulus package to mitigate the challenges caused by the Covid-19 pandemic.

Announcing the package at the Selangor Legislative Assembly sitting on Monday (July 13), Amirudin said the package had short- and long-term economic recovery initiatives.

The total value of the economic stimulus package is RM55.85bil.

According to Amirudin, the implementation of the third phase of the economic stimulus package was aimed at creating economic resilience to rejuvenate the state’s economy following the effects of the Covid-19 pandemic.

He added that the Selangor Economic Recovery Plan would emphasise on three main thrusts.

“The three main thrusts emphasises food security, economic sustainability and capacity building, ’’ he added.

Under the food security initiative, Amirudin said the state had helped almost 8,000 beneficiaries from the farming sector during the movement control order (MCO) with an allocation of RM3mil to market their products through the Selangor Agro-Market programme.

“A total of 275 farmers were helped with the purchase and remarketing of their produce in 13 locations through direct selling, online (marketing) and pre-ordering, ’’ said Amirudin.

He added that sales of RM15mil were recorded during the period.

Among the food security initiatives, said Amirudin, the Selangor Agricultural Development Corp (PKPS) would initiate agriculture and farming that optimised the use of state-owned land.

He said under the economic sustainability thrust, emphasis would be given to stimulate property development, ensuring infrastructure management, efficient water services, establishing a balance in the state’s financial flow as well as upgrading the state’s delivery system to become more flexible.

“In efforts to guarantee the right to clean water, water services must be managed with importance given to transparency, responsibility and expertise.

“To achieve this, Air Selangor has formulated a short-term business plan for three years and a long-term business plan for 30 years, ’’ said Amirudin.

As for the third thrust on capacity building, Amirudin said the state government would emphasise on stoking the growth of the aerospace industry as a high-value industry with the coordination of talent from the state.

“The initiative to develop aerospace technology and expertise is much needed in the recovery phase to strengthen the human resources chain in the industry, ’’ he added.

The state government has to date spent some RM260mil to benefit 3.5 million Selangor residents through its economic stimulus packages.

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