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Beyond Stimulus Packages Malaysian economy needs a “new deal”!

PSM commends the government that the Supplementary Stimulus Package (Langkah Tambahan Pakej Prihatin) has addressed some of the criticisms leveled against the Stimulus Package announced by the Prime Minister on 27th March 2020. Many voices emanating from the business sector

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RM 110 billion Package – a step in the right direction

Kudos to YAB PM and we welcome the RM 10 billion PKS stimulus package and the various improvements and tweaking to the earlier announcement of RM 100 billion. The government has been very forthcoming and transparent in the way they

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Covid-19: After MCO, SME survey finds banks are sleeping!

PUCHONG: A survey by Business Sustainability Taskforce Covid -19 a coalition of small and medium enterprises (SMEs) revealed the government effort to mitigate the impact of the pandemic, may not yield the desired results due to ineffective measures by financial

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Coronavirus likely to shrink Malaysia’s GDP in 2020

KUALA LUMPUR: The COVID-19 catastrophe will have a significant impact on Malaysia’s economy, with the gross domestic product (GDP) expected to decline to between 2.0 and 0.5% in 2020 versus 4.3% last year. However, Bank Negara Malaysia (BNM) estimated the

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Cancelling Ramadan bazaars wise move to Contain COVID-19

KUALA LUMPUR: Many have probably  resigned to the fact that this year’s Iftar (break of fast) during Ramadan could possibly be without the usual array of traditional delicacies, but some non-governmental organisations are backing the move to cancel this year’s

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Lim: Muhyiddin should announce an economic rescue package for SMEs

We begin today the two-week extension of the Movement Control Order (MCO) till April 14. Although the outcome is still uncertain, the Covid-19 statistics during the MCO give hope that JP Morgan’s grim projection of Malaysia peaking at 6,300 Covid-19

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PRIHATIN: Economic Stimulus Package take effect today

KUALA LUMPUR: Beginning today, Malaysians from all walks of life will get to enjoy the various assistance and initiatives under the Economic Stimulus Package announced by the government to ease the economic burden of the people who are adversely affected by

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COVID-19: Asia Pacific businesses affected, looking at restructuring

KUALA LUMPUR: Businesses in the Asia Pacific are struggling to maintain operations amidst the COVID-19 outbreak, with almost 50% of them stating they will be forced to restructure business operations to stay afloat if the situation worsens. This is according

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RHB supports SME growth in Laos

KUALA LUMPUR: RHB Banking Group is intensifying cross-border efforts while strengthening collaboration with the Laos government to assist small and medium enterprises (SMEs) to build and expand their businesses regionally. RHB in a statement today said, RHB Bank Lao Ltd,

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Asia for SME funding digitalisation

KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank), an agency under the Ministry of Entrepreneur Development, has signed two Memoranda of Understanding with Telekom Malaysia Bhd (TM) and Commerce. Asia to develop the National Small and Medium

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