The Ministry of Human Resources, through SOCSO has initiated a new programme to help employees that are affected by the COVID-19 outbreak. This is part of the PRIHATIN economic stimulus package as announced by Prime Minister Tan Sri Muhyiddin Yassin. Through this new programme, businesses who have experienced a drop...
Malaysia-China Chamber of Commerce calls for greater efforts to assist SMEs The Malaysia-China Chamber of Commerce (MCCC) is urging the government to step up efforts to further help the small and medium-sized enterprises (SMEs) to overcome difficulties and avoid the possible tide of unemployment. The chamber suggests the government pay...
Dato William Ng, group publisher and editor-in-chief of SME Magazine feels SMEs have been clearly let down by the latest economic stimulus package announced by Prime Minister Tan Sri Muhyddin Yassin. Dato Ng said while many are grateful for the RM600 per month wages subsidy, this will not be sufficient...
SME Association: Not much benefit seen for SMEs The SME Association of Malaysia said small and medium-sized enterprises (SMEs) do not benefit much from the new stimulus package. Its President, Datuk Michael Kang said the industry was disappointed with the stimulus package and predicts that at least 50% of SMEs...
FMM said Economic Stimulus Package “Commendable” but … The Federation of Malaysian Manufacturers (FMM) has described the RM250 billion Economic Stiumulus Package announced by Prime Minister Tan Sri Muhyiddin Yassin to mitigate the impact of the COVID-19 and the Movement Control Order (MCO) as “commendable”. FMM President Tan Sri Dato’ Soh...
Prime Minister Tan Sri Muhyiddin Yassin today unveiled an economic stimulus package valued at RM250billion. From the amount, RM128bil will be used to protect the welfare of the people and RM100bil to support businesses including small and medium enterprises. The Government and Bank Negara Malaysia will set additional allocation...
The Singaporean government has announced a supplementary Budget to its 2020 Budget, designed to address the COVID-19 pandemic and its impact. Heng Swee Keat, Finance Minister of Singapore, unveiled a S$48 billion raft of measures to steer aid to workers and businesses, with more targeted help for those hardest-hit by...
MaGIC Survey: Startups, Social Enterprises Need Support to Ride Out Covid-19 Impact. Less than 3% expect to survive beyond 12 months if current situation persists About 40% of startups and social enterprises may fold if the Covid-19 pandemic drags on until Hari Raya Aidilfitri. This was part of the findings...
The COVID-19 outbreak is apparently on the retreat in Mainland China, and has so far had a relatively restrained impact on Hong Kong and Macao, but the disease and measures to control it have dented confidence among exporters. The triple challenge posed by COVID-19, softening global demand and lingering trade...
The worldwide spread of the COVID-19 coronavirus has left business paralyzed. Productivity numbers are dropping all around the world and workers are left immobilised in their homes. As a result, it comes as no surprise that remote working has seen a huge surge in popularity as employers are encouraging...
Following the MCO extension to 14 April to battle the COVID-19 threat, the Malaysia Digital Economy Corporation (MDEC) has launched the #DigitalvsCovid campaign, marshalling local tech companies to extend digital solutions and services to affected domestic businesses and consumers. The #DigitalvsCovid campaign’s call to serve the nation received very encouraging...
Malaysia has extended the movement control order (MCO) for another two weeks until April 14. Prime Minister. Prime Minister, Tan Sri Muhyiddin Yassin said he was briefed by the National Security Council and Health Ministry and the trend showed new Covid-19 positive cases had spiked. Malaysia recorded 172 new...

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