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KUALA LUMPUR: With most Malaysians now working from home because of the COVID-19 pandemic and extended movement control order (MCO) until April 14, there has also been an increase in complaints of slow internet.
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.
Many people affected by loss of income during MCO period
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
New York: Officials are talking to a wide range of Manhattan hotel owners as they muster resources to deal with the coronavirus.
DUBAI/SINGAPORE: Global airlines urged the world's major economies to act quickly to prevent irreversible damage to an industry that has seen demand decimated almost overnight by the coronavirus crisis.
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.
PETALING JAYA: The extension of the movement control order (MCO) is expected to negatively impact the real estate investment trust (REIT) sector, especially businesses with retail assets.
TORONTO: Struggling United States airlines will be eligible to receive federal loans and, if they are willing to give the government an option for an ownership stake, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House.