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To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
PETALING JAYA: Soft loans, cash injection and grants are what the local airlines need immediately to pay salaries to their staff, service loans and aircraft leases to stay afloat during this turbulent times and not complex mergers.
KUALA LUMPUR: Malaysia is exploring the possibility of bailing out domestic airlines that have been hit hard by the coronavirus outbreak, according to people with knowledge of the matter.
KUALA LUMPUR: The second-round of economic package to cushion the impact of COVID-19 on the country should have a slight change of strategy from "stimulating" the economy to "protecting" the productive potential as both the health and economic crises worsen, said Khazanah Research Institute (KRI).
KUALA LUMPUR: Malaysia’s political upheaval risks derailing a deal involving the nation’s biggest mobile-phone carrier, according to sources.
KUALA LUMPUR: Malaysia’s political upheaval risks derailing a deal involving the nation’s biggest mobile-phone carrier, people with knowledge of the matter said.
FOR people of my age (60 and above), we have experienced three recessions, one financial crisis and one coronavirus (SARS) epidemic in our lifetime. We are about to witness the biggest (three-in-one) economic disaster ever if the world is not able to contain the transmission of Covid-19 within three months.
KUALA LUMPUR: Aviation regulator, the Civil Aviation Authority of Malaysia (CAAM), needs to step up its game and assist affected airlines and industry players in weathering the impact arising from the Covid-19 outbreak.
WE are in a way fortunate to experience what normally happens once in a lifetime. It is not often we see multiple events playing out at the same time to create what is define as a perfect storm