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PETALING JAYA: It is proactive measures and not subsidies that will stimulate the economy as the recovery of the economy is already waning, say economists.
SEOUL (Reuters) - When Ryu Han-na, a 20-year-old university student, got cosmetic surgery on her nose in mid-December, she had a simple reason: it might be the last chance to do so covertly before people start taking off masks this year as vaccines are distributed.
ISKANDAR PUTERI: More than RM90mil has been allocated as immediate relief to help more than 350,000 people to weather the impact of the Covid-19 pandemic, says Johor Mentri Besar Datuk Hasni Mohammad.
PETALING JAYA: Budget 2021, Malaysia’s largest budget allocation in history, will be a key instrument that sets the tone for an accelerated economic recovery next year.
“I am relieved that the government has allowed us to take out money from Account 1 of our Employees Provident Fund (EPF). I sell flowers and cookies from home to earn a living while my husband works in Singapore. My business was badly hit due to Covid-19 and my husband was unable to send back as much money as he used to as he now has extra expenses to bear due to the closure of the border. He used to travel back and forth between Johor and Singapore daily but he now has no choice but to remain in Singapore where he has to fork out extra cash for his rent there as well as for his daily basic needs. I am depending on my sales here for my five children who are between 14 and 24-years-old. Three of them are schooling while two are still looking for jobs. The money from the EPF really helps to ease our burden but I have made it a point to only take it out when we are desperate. ”S. Sumathi, 47, trader
JOHOR BARU: For many families, Budget 2021 has brought some cheer.
PETALING JAYA: A gloomy atmosphere hovers above a dilapidated Chinese coffee shop as hawkers stand by their respective stalls, hoping to “poach” as many customers as they can before calling it a day.
BANGKOK, Sept. 29 (Xinhua) -- Thailand's Finance Ministry said on Tuesday that with numerous stimulus measures rolled out by the government, the Thai economy is likely to shrink less than the 8.5 percent projected earlier this year.
The choppy waters are not behind us yet, but Malaysia is on course for economic recovery, says Tok Pa who has had experience helping the nation navigate through difficult economic times. Our economy has steadily improved in the last two months and is set for further revival, says the minister in charge of economic affairs.
KUALA LUMPUR: Women and children, especially those from low-income urban households, have been the most negatively impacted by the Covid-19 pandemic and need support urgently, a study by two United Nations bodies found.