Pemulih a relief for households, SMEs, say economists


  • Nation
  • Tuesday, 29 Jun 2021

KUALA LUMPUR (Bernama): The National People's Well-Being and Economic Recovery Package (Pemulih) is expected to ease the anxiety felt by many households, small and medium industries (SMEs) and micro SMEs in dealing with the aftermath of the Covid-19 pandemic.

Associate Professor Dr Mohd Yusof Saari, chief economist of Social Security Organisation’s Centre for Future Labour Market Studies said the government had taken into account the demands of various parties, especially in providing comprehensive moratorium assistance despite the country's limited fiscal injection.

"We understand that the government has to be very careful in giving direct fiscal injections because it can have implications in terms of financial resilience in the long run," he said on Bernama TV’s Ruang Bicara talkshow titled ‘Pemulih: The People's Protection and Economic Recovery Package’ on Monday (June 28) night.

At the same time, he said the people need to understand that there was no easier way other than reopening the economy gradually as part of the efforts to curb the spread of Covid-19.

"I can see that the government is very quick in providing comprehensive assistance, including the moratorium and wage subsidies to all parties,” said Mohd Yusof.

Yesterday, Prime Minister Tan Sri Muhyiddin Yassin announced the RM150bil Pemulih package aimed at providing comprehensive assistance to the people, focusing on continuing the people’s welfare agenda, supporting businesses and increasing vaccinations.

Meanwhile, Unimas Honorary Professor Datuk Dr Madeline Berma opined that the government needs to emphasise on increasing the people’s resilience -- especially the vulnerable groups and the SMEs -- to ensure their survival post-pandemic. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

PEMULIH , SMEs , Micro SMEs , COVID-19 , fiscal injection

   

Next In Nation

Now not the time for world to be divided, says PM
Zuraida quits Bersatu to join PBM
Peter Anthony found guilty of using false documents
Covid-19 Watch: 32pc of children in Malaysia fully vaccinated
Covid-19 Watch: 2,430 new cases, nationwide ICU usage at 59.4pc
Floods: 17 people rescued from Perak nursing home
Do you know ... about the Mah Meri people?
Ehailing players to face action over higher surcharge
Retreat between Malaysia and Singapore leaders explored
On track for new train sets

Others Also Read