Tok Pa: Almost 10pc of Malaysians exit poverty following govt’s implementation of Felda Recovery Plan | Malay Mail

7/12/2021 1:56:00 PM

Tok Pa: Almost 10pc of Malaysians exit poverty following govt’s implementation of Felda Recovery Plan

Mustapa Mohamed, Poverty

Tok Pa: Almost 10pc of Malaysians exit poverty following govt’s implementation of Felda Recovery Plan

KUALA LUMPUR, Dec 7 — The government has succeeded in taking out some 2.5 million Felda community including new generation or close to 10 per cent of Malaysian citizens out of poverty following the implementation of the Felda Recovery Plan . Minister in the Prime Minister’s Department (Economy)...

Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said the government had spent a huge amount of money to implement the plan to help increase the income and eradicate poverty within the Felda community. “We have resolved the debt of Felda settlers and to ensure they are able to repay their debt, the government has set a rate of RM300 a month for most settlers to pay the debt, hence, they will enjoy higher income,” he said when appearing on Bernama TV’s

Mustapa said the government had written off RM8.3 billion of Felda settlers’ debt, besides formulating other programmes with an allocation of RM1 billion to diversify and increase their income.“By 2023 for example, the target is RM5,000 per family, one settler in Felda areas,” he said.

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Telegram channel for the latest updates.Telegram channel for the latest updates.Malaysian weightlifting body fears possible IWF sanctions over doping issue Sunday, 05 Dec 2021 09:05 PM MYT KUALA LUMPUR, Dec 5 — Concerns are growing within the Malaysian Weightlifting Federation (MWF) over possible penalties imposed by the International Weightlifting Federation (IWF) due to issues of doping.Telegram channel for the latest updates.

KUALA LUMPUR, Dec 7 — The government has succeeded in taking out some 2.5 million Felda community including new generation or close to 10 per cent of Malaysian citizens out of poverty following the implementation of the Felda Recovery Plan. OCBC Treasury Research’s — OCBC First-Half (1H) 2022 Global Outlook Report released today stated that there is a good chance of economic recovery picking up speed, from what is likely to be a subpar 3. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said the government had spent a huge amount of money to implement the plan to help increase the income and eradicate poverty within the Felda community. “We would not hesitate to take stern action, including suspending states that fail to monitor the athletes under their supervision.  “We want to ensure Felda is on a sustainable footing and resilient.0 per cent growth in 2022. The government has given a lot of attention to the Felda community to improve their standard of living..

“What is happening in Felda is that they faced several challenges, among them, high debt, so we help Felda to settle or reduce their debt.5-6. In 2019, IWF fined MWF US$25,600 (approximately RM110,000) following doping cases involving four national weightlifters and suspended Malaysia from participating in any IWF activities for a year from April 1, 2020, while Malaysian weightlifters were barred from the 2020 Tokyo Olympics. “We have resolved the debt of Felda settlers and to ensure they are able to repay their debt, the government has set a rate of RM300 a month for most settlers to pay the debt, hence, they will enjoy higher income,” he said when appearing on Bernama TV’s Buletin Bernama programme today in conjunction with the 100-day Malaysian Family Aspiration. Mustapa said the government had written off RM8. Meanwhile, OCBC said a political détente that the new government has struck with the opposition should offer some calm, even if the spectre of election fight is never too far away and may rekindle political uncertainties.3 billion of Felda settlers’ debt, besides formulating other programmes with an allocation of RM1 billion to diversify and increase their income. Ayub said that MWF took various preventive measures to prevent the recurrence of doping, including reminding athletes and working with ADAMAS to provide awareness programmes and conduct doping tests to ally IWF’s fears. “In Felda, (there’s) no hardcore poor, but there are poor people. The confident tone is warranted in that the pandemic resurgence appears to have come under better control, and that vaccination rate in Malaysia has climbed rapidly with 76 per cent of its total population having received both shots. The opposition had boycotted legislative elections in 2020 as well as a presidential vote in 2018 in which Maduro was reelected, which was not recognized by part of the international community.

For instance, to eradicate hardcore poor in Felda’s context, we increase their income. “We want Felda to become an example or role model for other institutions, that is the reason we approve the Felda Recovery Plan, which is one of the core thrusts so that the Felda community can enjoy higher income. “However, we remain watchful of the fact that the Employees Provident Fund’s (EPF) withdrawal schemes that were an integral part of the stimulus packages have resulted in a cleaving off of savings for households that might take a while to rebuild, resulting in curtailed consumption growth in the coming years,” it said. Ayub said they were investigating to see if the use of banned substances in weightlifting was being orchestrated by certain parties and to identify how the woman weightlifter tested positive for sibutramine. “By 2023 for example, the target is RM5,000 per family, one settler in Felda areas,” he said. Felda has more than 112,000 settlers now, while the total Felda community population including new generation is around 2. “After all, it kept its policy rate unchanged throughout the whole of 2021, despite the overt challenges posed by the pandemic and political crises of the period.5 million. “There are assumptions that athletes take diet pills or products to lose weight when their weight is over their category limit.” Guaido did not immediately react to Borges’ statements.

The three major aspirations of the 100-day Malaysian Family Aspiration are to monitor policies in implementing the 12th Malaysia Plan; coordinating initial initiatives in eradicating poverty policy; and empowering corporate governance in Felda via the Felda Recovery Plan. OCBC said there are aspects from the MPC statement that suggest that BNM is now anticipating the need to preempt any rise in market anticipation for policy rate hike in Malaysia.  Out of the three aspirations, Mustapa said the most important is to ensure efforts to eliminate hardcore poverty by 2025 proceed smoothly. “The government estimates there are 200,000 families defined as hardcore poor, a big figure, and this will go through a recovery process. Inflation should remain broadly anchored as well given the lingering output gap. — Bernama You May Also Like. “The government’s objective is to eliminate hardcore poverty in four years from now..6 per cent.

.which is also an important objective for me,” he said.3 per cent last year, it remains well above the 3. Mustapa said the difference in eradicating poverty this time is that the approach is holistic and more targeted and focused as well as adopting strategies more suited to the localities. “The government’s plan is that this month, we will select about 50 locations nationwide, and in January next year, we will do profile mapping of the localities, and review whether they are truly hardcore poor. Hence, OCBC said its baseline remains that BNM can and will leave its overnight policy rate (OPR) unchanged at 1. “So we will make recovery plans.

. “Such a view will require ‘cooperation’ from a few factors, naturally..our plan is in February (2022), we will bring to the Cabinet to get views, and subsequently in March, we hope to be able to implement it,” he added. — Bernama You May Also Like. Mustapa said each locality would have a different strategy in addressing hardcore poverty and the government would get all agencies including state agencies to draft appropriate strategies. “We will also make decision at the Economic Planning Unit to create a special unit focusing on poverty.

“I want to express my gratitude to several state governments which have established poverty units at the state and district levels. “With this focus, we hope it has shown our commitment to this big issue we are facing and are confident the new approach would address, if not all, part of this issue faced by families that fall under hardcore poverty,” he said. — Bernama You May Also Like .