KUALA LUMPUR, April 24 — The Finance Ministry has identified three short-term objectives as part of its plans to boost the economy after taking a hit from the movement control order (MCO) to battle the Covid-19 pandemic. Its minister Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz said in a press statement today that his […]
Read MoreKUALA LUMPUR, April 24 — Minister in the Prime Minister’s Department Datuk Seri Mustapa Mohamed said today the government should consider relaxing restrictions in districts with a low Covid-19 infection rate to allow more industries to reopen. The suggestion followed mounting pressure on the government to allow more businesses in green zones to resume operations, […]
Read MoreKUALA LUMPUR, April 23 — The Malaysian Institute of Economic Research (MIER) cautioned policymakers today about the huge cost that the movement control order (MCO) has had on the economy, warning of a deepening recession should restrictions be extended. Any extension of the MCO after the second phase would cause a 2 per cent contraction […]
Read MoreGEORGE TOWN, April 23 — Penang has decided to allow electrical and electronic shops, along with full-service laundry shops in the state to reopen from tomorrow onwards, Penang Chief Minister Chow Kon Yeow announced today. He said these sectors have applied and obtained approval from the Ministry of International Trade and Industry (Miti) to reopen […]
Read MoreKUALA LUMPUR, April 23 — Putrajaya is planning for the fast revival of the nation’s economy, albeit in phases, after the movement control order (MCO) ends, Prime Minister Tan Sri Muhyiddin Yassin said today. In his special address on the eve of Ramadan, Muhyiddin said that this includes drafting a framework for short- and medium-term […]
Read MoreGEORGE TOWN, April 22 — Penang has set up a special taskforce to formulate a strategy to revive the state’s tourism industry in the “next normal” after the movement control order (MCO), said Chief Minister Chow Kon Yeow. He said the taskforce will gather views from tourism stakeholders in the state so that they could […]
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