Additional RM2.5 bln a welcome move
KUCHING: An additional RM2.5b ln has been allocated to accelerate the economic recovery of small contractors through the implementation of the Pemerkasa stimulus package. Works Minister Datuk Sri Fadillah Yusof on Thursday (March 18) said his ministry welcomed the additional grant, announced by Prime Minister Tan Sri Muhyiddin Yassin. This would increase the allocation for […]
UOB announces pay increases, promotions for up to 98 pct of employees
KUALA LUMPUR: United Overseas Bank Limited (UOB) has announced that it will launch in June a round of pay increases and promotions for all eligible employees across the whole group. This broad-based pay increase and promotions initiative will cover up to 98 per cent of the group’s total headcount across the region including Malaysia, China, […]
Another lockdown will upset economic growth
KUCHING: Another complete lockdown in the country will upset economic growth, severely impacting businesses and push up unemployment rate, said economist Datuk Dr Madeline Berma. She said if Malaysia decided to impose another lockdown, the country’s gross domestic product (GDP) would definitely be affected. “A lockdown will also affect the government’s objective of trying to […]
APAC to lead economic recovery post Covid-19 recession
KUALA LUMPUR: The Asia-Pacific (APAC) region’s economic recovery will take the lead from the rest of the world as it recovers from the Covid-19 recession. Moody’s Analytics chief APAC economist Steve Cochrane said this is after much of the region will have regained all of its lost output by the end of 2021, although India […]
Nation’s political climate to determine economic recovery
KUCHING: Political analyst Dick Lembang Dugun has said that Malaysia’s political stability will determine its economic recovery in the coming new year. He said with unstable Malaysian politics and politicians constantly politicking, investors would be reluctant to invest in the country. “This would have a disastrous impact on our economy, and at the end the […]
Pump-priming economic recovery with various activities
KUCHING: Allowing foreign workers to be hired starting Jan 1 next year as announced by the Sarawak Disaster Management Committee (SDMC) is welcome news for the economy’s recovery, said Datuk Sim Kiang Chiok. The Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman said this measure would help the economy to recover from […]
Take government aid seriously, natives told
KUCHING: The bumiputera community must take seriously the assistance given by the government to improve their economic standing. Deputy Plantation Industries and Commodities Minister Willie Mongin said this to reporters during a press conference held after he officiated at the Pepper Board Service Awards and presentation of certificates at Imperial Hotel today. He said the bumiputera […]
Some weaknesses in 2021 Budget
KUCHING:There are still some weaknesses in the 2021 Budget as it is geared towards economic recovery but does not cater for the third wave of Covid-19 infections whereby numerous states in Malaysia are still affected by lockdown restrictions, said Datuk Sim Kiang Chiok. The Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman […]
Focus is on Malaysia’s economic recovery, not politics
KUALA LUMPUR: Not a politician and not keen to become one, banker turned Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz is steadfast in remaining a technocrat and ensuring that lives and livelihoods in the country are safeguarded amid the health pandemic. “I am not interested in joining any political party, as you know […]
Clearer signs of economic recovery needed to boost ringgit
KUALA LUMPUR: With Budget 2021 expected to be the most challenging amid uncertainties, more clearer signs of economic recovery is needed for the ringgit to move higher. Bank Muamalat Malaysia Bhd economist Izuan Ahmad said whether the ringgit would strengthen would depend on the actual success factors pertaining to the containment of Covid-19. “At the […]
