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The Federation of Malaysian Manufacturers (FMM) has asked the government to pump a RM200 billion stimulus package, with a RM30 billion direct fiscal injection, into the economy over concerns that the extension of the movement control order (MCO 3.0) may have a devastating impact on small and medium enterprise (SME) manufacturers.
Serba Dinamik, Maybank, loans, the economy and the digital banking venture between Axiata and RHB Bank were among top read stories last week.
While Pemerkasa Plus provides tourism players temporary relief, it takes an accelerated vaccination rollout to save the travel sector in the long run.
The government has approved RM1.193bil to 73,815 employers to continue operations and retain 642,123 workers under the Wage Subsidy Programme 2.0 (PSU 2.0) as of May 21,2021.
PETALING JAYA: The Pemerkasa Plus stimulus package is insufficient to cushion the brunt of the current lockdown's economic impact, says Malaysia Retailers Association (MRA).
THE Small and Medium Enterprises Association Malaysia wants the Government to subsidise RM1,000 for the salaries of each of the estimated 10 million SME employees impacted by the total lockdown.
KUALA LUMPUR: The government’s decision to extend the wage subsidy programme for another one month is a positive move for all economic sectors affected by the implementation of the latest movement control order (MCO), said the Social Security Organisation (Sosco).