Covid-19: Anwar warns economic recession increasingly probable, urges more cash handouts | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Covid-19: Anwar warns economic recession increasingly probable, urges more cash handouts

Monday, 16 Mar 2020 03:45 PM MYTPKR president Datuk Seri Anwar Ibrahim speaks to reporters during a press conference at the party’s headquarters in Petaling Jaya March 13, 2020. — Picture by Ahmad Zamzahuri

Anwar, who is a former deputy prime minister and also former finance minister, said there was an urgent need for the government to take bold steps to further stimulate the economy and provide a strong social safety net for those bound to be affected the most. Anwar said the economic stimulus package to tackle Covid-19 was finalised by then finance minister Lim Guan Eng and announced by the federal government before the second wave of Covid-19, noting that these initiatives now need a further extension to ensure that businesses, especially small and medium enterprises , are able to weather the crisis.

“Building on the measures in the existing stimulus, the Ministry of Finance should increase Bantuan Sara Hidup payment for May 2020 and consider additional one-off cash payments for all BSH-eligible households.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What will the be the ceiling for ministers apposed to b40 group. I've got an idea about how it'll work out but better not say. Only at the end of the day b40 get peanuts

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: We will come through this together | Malay MailMARCH 14 — The upheaval caused by the coronavirus — Covid-19 — is all around us.  And I know many are anxious, worried and confused. That’s absolutely natural. We are facing a health threat unlike any other in our lifetimes. Meanwhile, the virus is spreading, the danger is growing, and... Do you have Malay version of this Pls? I wish to share with non English speaking friends who are not on social media much.. tq
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19: Petaling Jaya cops postpone meetings with residents | Malay MailKUALA LUMPUR, March 14 — The Petaling Jaya district police headquarters have postponed several of its meetings and gatherings with residents in the wake of the Covid-19. District police chief ACP Nik Ezanee Mohd Faisal said meetings scheduled in the near future, will only be done individually or...
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19: State governments postpone events, programmes to avoid risk | Malay MailKUALA LUMPUR, March 14 — Several major events nation-wide have been either postponed or cancelled due to the Covid-19 infection. They include the Pahang Investment Forum and Festival (FPFP 2020) by the Pahang government scheduled to be held at the Putra World Trade Centre (PWTC) here next month....
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19: Schools advised to postpone all activities, programmes | Malay MailKUALA LUMPUR, March 14 — The Education Ministry has advised all educational activities and programmes involving the gathering of people be postponed following the Covid-19 outbreak. These included sports programmes and co-curricular activities, official school gatherings, festival celebrations,...
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19: Traders warned against hiking price of goods, says ministry | Malay MailKOTA KINABALU, March 14 — The Sabah branch of the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) has warned all traders in the state not to exploit the situation by increasing the price of goods excessively following the spread of COVID-19 infection. Its director Georgie Abas said...
Source: malaymail - 🏆 1. / 86 Read more »

Covid-19: International Quran recital and memorisation competition postponed, says Jakim | Malay MailPUTRAJAYA, March 14 — The 1441H International Quran Recital and Memorisation Competition which is scheduled to take place from April 6 to 11 at the Kuala Lumpur Convention Centre, has been postponed until further notice. Malaysian Islamic Development Department (Jakim) director-general Datuk...
Source: malaymail - 🏆 1. / 86 Read more »