Country will recover with extensive financial support
BY MIKHAIL RAJ ABDULLAH KUALA LUMPUR: Budget 2022 is clearly a pragmatic financial blueprint, premised on extensive financing including concessionary loans for stakeholders to ensure growth and comprehensive economic recovery. These stakeholders include micro, small and medium enterprises (MSMEs) as well as large firms, where sufficient funding would stimulate business activities and generate jobs, putting Malaysia firmly on the […]
Federation lauds initiative to introduce special fund
KUCHING: Sarawak Business Federation (SBF) lauded the state government’s effort and initiative to introduce a special assistance fund in the 2022 State Budget, namely the Bumiputera Business Empowerment Fund and Business Recovery Assistance Fund. The funds, which was announced by the Chief Minister Datuk Patinggi Abang Johari Tun Openg last Tuesday (Oct 12), was aimed […]
Economic recovery goes hand in hand with managing mental health
KUCHING: The nation’s economy can only fully recover and progress if the mental and emotional state of its people is healthy and there is a sense of hope to move forward despite the many obstacles. In expressing this belief, celebrity mental health advocate and patron of Mental Illness Awareness and Support Association (MIASA) Che Puan […]
Sarawak Business Federation thanks govt for fund
KUCHING: Sarawak Business Federation (SBF) secretary-general Datuk Jonathan Chai Voon Tok is grateful to the state government for the Business Recovery Assistance Fund which was announced under the 2022 State Budget. He said this was a one-off special grant of RM20 million which would assist SBF and its 15 affiliates to organise capacity building and […]
Much-needed economic relief
MIRI: Bumiputera entrepreneurs here have described the Bumiputera Empowerment Fund and Business Recovery Assistance fund and the Business Recovery Assistance fund which would be set up by the state government next year as “much-needed economic relief.” The two funds was announced by the Chief Minister Datuk Patinggi Abang Johari Tun Openg during a special meeting […]
No economic recovery without proper protection
KUCHING: The additional expenditure of RM45 billion proposed for Covid-19 support measures under the Temporary Measures for Government Financing [Coronavirus Disease 2019 (Covid-19)] (Amendment) Act 2021 must be spent properly to strengthen the healthcare system. “There is no economic recovery without proper health protection,” emphasised Bandar Kuching MP Dr Kelvin Yii in a Facebook post […]
Too early to tell whether economy will recover quickly
KUCHING: The government’s decision to reinstate inter-state travel is another step in the right direction towards economic recovery, opines Universiti Malaysia Sarawak (Unimas) economic lecturer Dr Afiza Abu Bakar. She said the decision was taken to find a compromise between boosting the economy and ensuring public health and safety. She added that the move would […]
Economist confident Sarawak will recover
KUCHING: The recovery in oil prices will provide Sarawak with financial resources for economic recovery in the coming years, said economist Datuk Dr Madeline Berma. “The oil price recovery after the massive fall in 2020 will have a positive and long-term impact on Sarawak’s economy. “In addition, with the Moody’s Investors Service changing its outlook […]
Agong urges govt to accelerate economic recovery through business, investment-friendly policies
KUALA LUMPUR: The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has called upon the government to accelerate the nation’s economic recovery by drafting business and investment-friendly policies to boost the nation’s competitivity. He said the right amount of expenditure should also be provided to fund public health measures, provide assistance to the affected […]
Time to plan for economic recovery
KUCHING: The Sarawak government must start developing plans to restart economic growth now that Sarawak has achieved high rate of Covid-19 vaccination. Sarawak United People’s Party (SUPP) Kota Sentosa branch said the government should not only liaise with but consult all stakeholders concerned. “With the high rate of Covid-19 vaccination, the time is appropriate for […]
