Tag: Economic

  • Work together, practise social discipline to curb Covid-19: Health DG

    Work together, practise social discipline to curb Covid-19: Health DG

    Work together, practise social discipline to curb Covid-19: Health DG 1

    PUTRAJAYA: Malaysians must work together and practise social discipline in order to flatten the Covid-19 infection curve, said Health director-general Datuk Dr Noor Hisham Abdullah.

    He said that in the past two weeks Malaysia had recorded around 150 to 200 positive Covid-19 cases daily and the Ministry of Health (MOH) had been monitoring the trend closely to ensure there is no exponential spike.

    “Now we have completed two weeks, so another two weeks to go. It is up to us and if all of us come together and we practise and embrace (the advice) that you stay at home, and we, MOH, will continue our public health activity like active case detection, increase testing, finding targeted groups and isolate them early, then we can actually break the chain of Covid-19 transmission in this country.

    “So the next two weeks is all up to you and me; if we can all have a social discipline, I am sure that we can actually flatten the curve to avoid the exponential spike. If not, we may see a surge in Covid-19 positive cases in mid-April like (that) predicted by JP Morgan and the Malaysian Institute of Economic Research,“ he said at a press conference on Covid-19, here today.

    Dr Noor Hisham said that thanks to MOH’s active case detection, Malaysia had not recorded any exponential spike like 900 to 1,000 cases in one day.

    “That means we continue to go to the community identified as a high-risk group through targeted approach and then test them. There will be some cases that will be detected as positive; our detection of positives is about 8%,“ he said.

    Dr Noor Hisham also urged all Malaysians returning from overseas to home-quarantine for 14 days.

    “We fear that the second wave is all imported cases. Malaysians coming back from overseas, that is the group that we are worried about as we fear they may bring back the Covid-19.

    “Although they are negative, we still have to quarantine them for 14 days. Those positive we isolate them in our hospitals,“ he said.

    He said MOH was aware that some Malaysians who returned from overseas broke the home quarantine rule.

    When asked about the possibility of the MCO being extended until Ramadan, he said it was too early to make any conclusions now.

    “We will only know after the first week of April. If we continue to flatten the curve or there is no exponential increase, then I think we can safely make a decision.

    “In terms of the Ramadan bazaars, they need to follow MOH standard operating procedure or guideline and have to take all precautionary measures to break the Covid-19 infection chain,” he added.

    Asked on calls for the imposition of Enhanced Movement Control Order (EMCO) in red zones, he said this would be done if there is a rapid increase in positive cases in these areas.

    The government enforced the EMCO in the area from Batu 21 to Batu 24 Sungai Lui, Hulu Langat, Selangor, yesterday, the second area to be placed under such restrictions after Simpang Renggam, Johor where Kampung Dato’ Ibrahim Majid and Bandar Baharu Dato’ Ibrahim Majid were subjected to similar curbs for 14 days beginning Friday. – Bernama

    Work together, practise social discipline to curb Covid-19: Health DG
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  • RM200 monthly assistance for firefighters during MCO: Zuraida

    RM200 monthly assistance for firefighters during MCO: Zuraida

    RM200 monthly assistance for firefighters during MCO: Zuraida 4

    KUALA LUMPUR: Housing and Local Government Minister Zuraida Kamaruddin (pix) today announced that Malaysian Fire and Rescue Department (JBPM) personnel will receive RM200 per month throughout the implementation of the Movement Control Order (MCO).

    She said the incentive was an appreciation of their roles and services as front liners as the country sought to combat the spread of the Covid-19 outbreak.

    “In recognition of the roles of JBPM personnel as front liners, the government through the ministry will provide RM200 per month throughout the MCO period,” she said in a public service announcement which was broadcast on all television stations today.

    She said the incentive was part of her ministry’s initiatives implemented under the RM250 billion people-centric economic stimulus package (Prihatin) announced by Prime Minister Tan Sri Muhyiddin Yassin on Friday.

    The Prihatin package covers all walks of life and also focuses on the B40 group, including those living in low-cost flats across the country, small traders and factory workers.

    Zuraida said several other initiatives implemented by her ministry under the Prihatin package include the six months rental payment exemption for the People’s Housing Projects (PPRs) under the ministry’s management, involving 3,636 units of housing and costing the government RM3 million.

    “There is also a six-month deferment of monthly repayment from April to September for the Rent to Own (RTO) of PPR units under the ministry’s management involving a total of RM5.7 million and 4,649 units of houses,” she said.

    Zuraida, who is also Ampang MP, said to ease the burden of borrowers, all pawn brokers registered under the ministry were directed to extend the redemption period without charging interest during the MCO period. – Bernama

    RM200 monthly assistance for firefighters during MCO: Zuraida
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  • Is Your Business or Career Still Relevant?

    Hundreds of thousands of businesses have failed this year. Millions of people are struggling with career decisions/changes and often remain stuck causing economic chaos for them now and in the future. Next year these numbers will likely be the same or become even higher and why? Simple ? they are no longer relevant ? to their customers or the marketplace…

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    http://www.associationofmarketing.org/articles/view.php?article_id=7264

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  • Stimulus package will flow over the three months, says Azmin

    Stimulus package will flow over the three months, says Azmin

    Stimulus package will flow over the three months, says Azmin 5

    KUALA LUMPUR: Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali (pix) said today that the Prihatin Rakyat Economic Stimulus Package is to cushion the adverse impact caused by Covid-19 on the population’s well-being.

    The Prihatin Rakyat package was announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday (Friday).

    According to the senior minister, the situation would simply deteriorate without any form of assistance: “Companies won’t be able to operate and have no choice but to retrench their workers. We have to resort to this (stimulus), to save these workers and help employers not to dismiss them.”

    “But I am confident that this package is not just about three months but will bring about manifold benefits for the future in economic activities and growth,” he said.

    He said this in a programme, Bicara Naratif Pakej Rangsangan Ekonomi that was telecast live today by Radio Televisyen Malaysia (RTM).

    “As we are aware, the world is facing a difficult situation and Malaysia is no exception in the wake of the Covid-19 pandemic and global economic slowdown.

    “Malaysia as an oil producing country is also impacted by falling oil prices. Hence, why we must restructure the country and take the bold step of introducing the RM250 billion stimulus package.

    “Our hope is that when the movement control order (MCO) period is over, we can see a situation that is more reassuring,” he said.

    Azmin revealed that the Finance Ministry has prepared a module and specifics to all the ministries, in line with their respective responsibilities, on the disbursement of assistance to the target groups, which would be monitored by the Economic Stimulus Package Implementation and Coordination of National Agencies Unit (Laksana).

    “We have complete data on the recipients from the B40 and small and medium enterprises (SME).

    “As for the M40, we have some setbacks as I mentioned earlier, the government had given less priority to the category. That’s probably the reason why we do not have the complete data but this will be seen to so they too can have their right to assistance,” he added. — Bernama

    Stimulus package will flow over the three months, says Azmin
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  • Our CIO talks expectations, interest rates, and blockchain

    Our CIO talks expectations, interest rates, and blockchain

    An interview with Greg Davis about investment and economic conditions, investor expectations, and technology’s effects on the financial markets.
    Our CIO talks expectations, interest rates, and blockchain
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    https://investornews.vanguard/our-cio-talks-expectations-interest-rates-and-blockchain/

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  • BREAKING: Lagos Government To Provide Food For Residents Over Coronavirus Lockdown

    BREAKING: Lagos Government To Provide Food For Residents Over Coronavirus Lockdown

    BREAKING: Lagos Government To Provide Food For Residents Over Coronavirus Lockdown 6

    BREAKING: Lagos Government To Provide Food For Residents Over Coronavirus Lockdown 7


     

    The Lagos State Government has set up food banks across the state to cater for 200,000 households in 377 wards in the state to cater for the most vulnerable during the mandated lockdown to curb the spread of Coronavirus. 

    Residents, who cannot afford meals during the lockdown will receive food provided by the state.

    A statement by the Lagos State Government on Friday reads, “Few days after LASG issued a stay-at-home directive to residents, in order to curtail the spread of the Coronavirus, Governor Babajide Sanwo-Olu has unveiled economic stimulus package for the indigent and the most vulnerable in the society.

    “The stimulus, which comes in food packs to be distributed to every local government in the state, is aimed at cushioning the effect of the 14-day stay-at-home directive. 

    “The food packs, which were put together by the Ministry of Agriculture and Cooperatives will reach the most vulnerable communities and households across Lagos.”

     

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    BREAKING: Lagos Government To Provide Food For Residents Over Coronavirus Lockdown
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  • 6-month rental waived for LPJ, PAK tenants: Wee

    6-month rental waived for LPJ, PAK tenants: Wee

    6-month rental waived for LPJ, PAK tenants: Wee 8

    PUTRAJAYA: Residents of housing projects under the Johor Port Authority (LPJ) and Perbadanan Aset Keretapi (PAK) will enjoy a six-month waiver on rent, beginning next month.

    Transport Minister Datuk Seri Dr Wee Ka Siong (pix) said the initiatives of the two bodies would benefit 2,343 tenants.

    “A total of 143 tenants of LPJ will benefit from this initiative, involving RM370,425 in rentals, while under PAK, the waiver will involve 2,200 unit of houses that will cost the corporation RM15 million in rentals,” he said in a statement.

    Wee said the initiative would help ease the burden of the B40 and M40 families.

    He said the initiatives were to complement the people-centric economic stimulus package (PRIHATIN), announced by Prime Minister Tan Sri Muhyiddin Yassin today. — Bernama

    6-month rental waived for LPJ, PAK tenants: Wee
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  • Sabah, Sarawak not excluded from Prihatin

    Sabah, Sarawak not excluded from Prihatin

    Sabah, Sarawak not excluded from Prihatin 9

    PUTRAJAYA: The Federal government will cooperate with state governments, specifically in Sabah and Sarawak, to ensure all assistance announced under the people-centric economic stimulus package (Prihatin) reaches them as quickly as possible.

    Prime Minister Tan Sri Muhyiddin Yassin (pix) said he was aware that those living in longhouses in Sarawak, Orang Asal settlements and in remote areas in every part of the country might worry that aid would reach them late.

    “The Federal government will cooperate with state governments, specifically in Sabah and Sarawak, to ensure all assistance provided by the government will reach them fast,” he said in announcing the RM250 billion package on live television today.

    Muhyiddin said besides ensuring the country’s economic activity continued, the government will also pay attention to domestic investment activities that had high multiplier effects and maintained employment.

    For that purpose, the government has identified several small-scale projects such as improving road conditions, upgrading dilapidated schools in Sabah and Sarawak, cleaning places of worships and police stations as well as enhancing tourism facilities that would benefit G1 to G4 Grade contractors.

    “For that, an allocation of RM2 billion has been set aside,” he said, adding that small-scale projects worth RM2 billion as announced in the previous package would be implemented this April.

    He said these included the RM600 million infrastructure projects in Felda and other areas, RM350 million upgrading of dilapidated schools in Sabah and Sarawak and RM150 million upgrading of public housing for the hardcore poor. — Bernama

    Sabah, Sarawak not excluded from Prihatin
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