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PENANG’S tourism industry is seeing bleak times with smaller hotels facing the possibility of going under due to the Covid-19 movement control order (MCO).
PETALING JAYA: The government will continue to engage stakeholders to identify their concerns arising from the movement control order (MCO) in order to contain the economic fallout from Covid-19, says Transport Minister Datuk Seri Dr Wee Ka Siong.
PETALING JAYA: In an effort to address the Covid-19 economic fallout, Transport Minister Datuk Seri Dr Wee Ka Siong says the government will continue engaging with stakeholders to identify their concerns during the movement control order (MCO).
KUALA LUMPUR: The government’s RM250bil stimulus package has not gone down well with owners of small and large businesses.
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.
IT wasn’t that long ago that we were hanging the hopes of our economy on the SMEs. In recent years, the sector’s growth has exceeded the growth of Malaysia’s gross domestic product (GDP) and the government was targeting to push SME contribution to GDP to 45% in 2025 from 38.3% in 2018. Today, however, the sector has been brought to its knees
PETALING JAYA: Small and medium-sized enterprises (SMEs) do not benefit much from the new stimulus package, says Datuk Michael Kang.
THE statement by Defence Minister Datuk Seri Ismail Sabri that all private sector employers must pay their workers’ salary during the two weeks of the movement control order (MCO) has no force of law, says the Malaysian Employers Federation (MEF).
PETALING JAYA: Questions are being raised over whether manufacturers and businesses that provide goods and services to essential sectors would still be allowed to operate.