Permai assistance package can boost GDP growth, sustain SMEs, say economists | Malay Mail
KUALA LUMPUR, Jan 18 — The government’s RM15 billion PERMAI assistance package announced today will help to alleviate the impact of Covid-19 resurgence and latest Movement Control Order ( MCO 2.0) restrictions on the first-quarter gross domestic product (GDP) growth while supporting the recovery...
Monday, 18 Jan 2021 07:45 PM MYTPrime Minister Tan Sri Muhyiddin Yassin announced the new financial package today, dubbed PERMAI. — Picture by Miera ZulyanaKUALA LUMPUR, Jan 18 — The government’s RM15 billion PERMAI assistance package announced today will help to alleviate the impact of Covid-19 resurgence and latest Movement Control Order (MCO 2.0) restrictions on the first-quarter gross domestic product (GDP) growth while supporting the recovery from the second quarter onwards, economists said.
Sunway University Business School economist Prof Dr Yeah Kim Leng said the PERMAI assistance package is a welcomed relief, especially for low income households and affected businesses particularly the small and medium enterprises (SMEs).Concurring with him was Datuk Michael Kang, president of the SME Association of Malaysia, who said the announcement is timely as the assistance could help sustain the businesses at least for a short term.
“The extension of the (loan) moratorium announced today will be able to help the SMEs. At least, they have one thing less to worry about.“However, we are worried if the MCO 2.0 will be extended as we are still having four-digit daily new cases,” he told Bernama when commenting on the government’s RM15 billion Malaysian Economic and Rakyat’s Protection Assistance Package (PERMAI). headtopics.com
Comprising 22 initiatives to combat Covid-19, the package is anchored on three goals, namely battling the pandemic, preserving the welfare of the people and supporting the continuity of business.Among the assistance announced today are that the targeted loan repayment moratorium and reduction of repayment instalments will continue to be offered by banks during the implementation of the MCO 2.0.
However, Kang expressed hope that the rest of the SMEs could resume operations come Feb 1, while adhering to the standard operating procedures.“If (MCO is) extended, we do need more assistance, especially for those who will lose their jobs and those whose businesses have collapsed,” he stressed.
“The assistance should be sufficient enough for the time being but the government should not extend (MCO) anymore after the end of the month,” he added. — Bernama Read more: Malay Mail »
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Package 'syok sendiri' by our PM 8 ! Rakyat marhaen suffer MuhyiddinYassin Sustain SMEs? Not gonna lie, that’s bullshit. Tan Sri, kenapa masa Bajet hari tu sungguh2 tak nak bagi pengeluaran KWSP? Sekarang baru nampak ya. Itu pun ada hati Tan Sri nak label yg KWSP tu sebagai 'bantuan' SME and micro businesses are near-total wiped out. Even large corp are having difficulties. The only entity not effected are the ministers, govt servants and politically-linked companies. We, the people, deserve transparent & truthful information.
BerJASA ni. 😂😂😂 Other countries are paying unemployment benefits of $600.00 per week to their citizens and this al-sultan al-firaun Muhyiddin Yassin is throwing one-off chicken feed as bribes to appease all his running dogs. And you call this a rescue plan? Are you joking or what? Yes it’s boosted our GDP from 80% to 💯 of debts!!! As you Keep spending with out any income ? As investors are keeping away from this backdoor governance!!!
Berhenti lah mencuri masa dan duit rakyat who are these economist? Which 'baldi' gave them the title? Claim ape ni?!! GDP will be better in 2021 because of lower growth in 2022 + effort of the companies themselves!!