Used car dealers enjoy record sales, spurred by govt incentives

PETALING JAYA: Used car dealers are reporting record-high sales, spurred by the government’s tax incentives and customers downgrading to cheaper vehicles in light of the economic uncertainty created by the Covid-19 pandemic.

Applications now open for MyCreative schemes and initiatives

MyCreative has opened applications for a variety of assistance schemes and initiatives under 10 creative sub-sectors, in line with the National Economic Recovery Plan (Penjana).

Income tax waivers would be a meaningful way of easing people’s burden

‘It’s the right time to invest’

PETALING JAYA: Even as many consumers are cautious in purchasing high-ticket items in light of the Covid-19 pandemic, industry experts say sale of properties and cars have been rising since June.

MoF’s ePenjana programme

PETALING JAYA: The Ministry of Finance (MoF) has launched the ePenjana credit programme worth RM750mil, which is one of the initiatives under the Economic Recovery Plan (Penjana), aimed at boosting consumer spending in Malaysia.

The week that was - Targeted moratorium

Targeted moratorium extensionTHE banking industry will provide borrowers affected by the Covid-19 pandemic with extended moratorium and flexibility to repay their loans, Prime Minister Tan Sri Muhyiddin Yassin announced on Wednesday.

Moratorium extension and targeted bank assistance a timely move

PETALING JAYA: Lauding the moratorium extension and targeted bank assistance as timely, businesses say more measures should be introduced to help businesses to stimulate the economy.

Vehicle sales strongest in June, positive sign for H2

PETALING JAYA: Vehicle sales are off to a good start with June marking the strongest monthly total industry volume (TIV) growth and potentially indicating a positive start to the second half of 2020.

SME Bank approves RM503m loans under Prihatin SRF

KUALA LUMPUR: SME Bank says it has successfully approved 940 applications amounting to RM503.04 million under the Special Relief Facility (SRF) through the Prihatin Rakyat Economic Stimulus Package.

Loan demand seen recovering in second half

PETALING JAYA: Loan demand looks set to recover in the second half of 2020 on the back of the government’s Short-Term Economic Recovery plan (Penjana) and interest rate cuts that will improve homebuyers’ purchasing power.