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Govt provided an economic stimulus package of RM295bil to help M'sians, businesses during MCO, says PM
PETALING JAYA: The government pumped in an economic stimulus package worth some RM295bil aimed at helping Malaysians and businesses tide over during the movement control order (MCO), says Prime Minister Tan Sri Muhyiddin Yassin.
PETALING JAYA: The government is looking to create more technopreneurs and to get more Malaysians involved in modern agricultural jobs to reduce dependency on foreign workers, says Datuk Seri Dr Wan Junaidi Tuanku Jaafar.
KUALA LUMPUR: Banks are putting in place a new credit assessment methodology before granting any facility to borrowers, according to Bank Simpanan Nasional Bhd (BSN) chief business officer Mujibburrahman Abdul Rashid.
KUALA LUMPUR: The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the Prihatin Rakyat Economic Stimulus Package (Prihatin), is estimated to be worth RM51.4bil as at July 6.Finance Minister Tengku Datuk Seri Zafrul Aziz said of the total, RM17.9bil was utilised by the business sector while RM33.38bil was utilised by the public.
KUALA LUMPUR: The moratorium on loan repayments by financial institutions, which took effect on April 1 as part of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN), is estimated to have reached RM51.4 billion as at July 6.
KUALA LUMPUR: While Malaysia's debt-to-gross domestic product (GDP) ratio may hit the 55 per cent statutory limit by year-end, the cap is "self-imposed” and can be changed through parliament if deemed necessary for the people's well-being, said Malaysian Industrial Development Finance (MIDF) group managing director Datuk Charon Wardini Mokhzani.
JOHOR BARU: The Malay Chamber of Commerce Malaysia (DPMM) believes the RM400mil Micro Financing Fund announced as part of the National Economic Revival Plan (Penjana) will be able to help 40,000 micro-enterprises in the country.
There is no doubt that small and medium enterprises (SMEs) have been hit largely due to cash flow issues and lack of financial strength.