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PETALING JAYA: The Human Resources Ministry, through the Social Security Organisation (Socso), will kick off a new initiative for workers in the private sector whose employers have been affected by the Covid-19 outbreak.
SINGAPORE (The Straits Times/ANN): About 88,000 self-employed persons will receive cash payouts of S$3,000 each in May, July and October this year to help them in this time of economic uncertainty caused by the coronavirus pandemic.
TOKYO (Reuters) - Japan's Prime Minister Shinzo Abe on Saturday promised an unprecedented package of steps to cushion the world's third-biggest economy from the coronavirus pandemic, saying the country was close to a national emergency as infections surged.
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.
The stimulus package shows the gravity of the situation faced in Malaysia and the rest of the world.
PETALING JAYA: Small and medium-sized enterprises (SMEs) do not benefit much from the new stimulus package, says Datuk Michael Kang.
DUBLIN (Reuters) - Ireland's prime minister ordered citizens to stay home until April 12 to help slow the spread of coronavirus, telling them they can only leave to shop for groceries, for brief individual physical exercise or to make family visits that are essential.
KUALA LUMPUR: Danajamin Nasional Bhd will provide RM50bil in loan guarantees to struggling companies seeking to raise funds for working capital.
KUALA LUMPUR: Several banks have announced that they will not be compounding interest for its customers during the six-month moratorium period announced recently by Bank Negara Malaysia (BNM).
SINGAPORE (The Straits Times/ANN): Singapore Airlines (SIA) aims to raise up to S$15 billion amid major financial challenges due to the Covid-19 pandemic which has hit the global air travel sector badly.