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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
KUALA LUMPUR (Bernama) -- The Employees Provident Fund (EPF) is introducing its Employer Advisory Services (EAS) beginning April 15 to provide customised advisory support for employers, specifically with regards to the employers’ portion of EPF contributions during the current economic downturn.
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.
The country needs a RM130bil stimulus package to address the economic fallout from Covid-19
PETALING JAYA: The coronavirus (Covid-19) pandemic has put the three major local airlines into cash crunch as they are unable to generate enough money with ticket sales drying up. They have resorted to grounding aircraft, meaning they are unable to earn any ancillary income.
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: The Employees Provident Fund (EPF) is growing substantially and is poised to become a trillion ringgit fund, said CEO Tunku Alizakri Alias during a panel session at the Invest Malaysia 2019 event here.
KUALA LUMPUR: Despite delays in fulfilling its promises, economists remain confident with the Pakatan Harapan (PH) administration led by Prime Minister Tun Dr Mahathir Mohamad who aims for a country which is corruption-free and economically vibrant.
WHEN the results of the 14th general election were finally formalised early Thursday morning, showing that Pakatan Harapan had won and would form the new government, there was a sense of excitement among its voters over the reforms promised by the incoming administration.