Malaysia

Kuala Lumpur (VNA) - The Ministry of Finance (MoF) of Malaysia has launched a credit programme worth 750 million RM (179 million USD), aiming at boosting consumer spending in the country as one of initiatives under the Economic Recovery Plan (PENJANA). According to Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, under the ePENJANA programme, each eligible applicant will receive 50-RM ePENJANA credits beginning on July 31. Three e-Wallet service providers, namely, Boost, GrabPay and Touch ‘n Go eWallet have been selected for the implementation of this initiative, he said, adding that this programme will be launched in collaboration with the MySejahtera COVID-19 contact tracing app. To apply for the credits, he said every applicant is required to download one of the three e-Wallets, as well as download and use the MySejahtera app. The initiative is open to Malaysians aged 18 years and above, earning less than 100,000 RM annually. The eligible … [Read more...] about Malaysia launches credit programme to promote consumer spending

On the same day, Pompeo had a phone call to Malaysian Foreign Minister Hishammuddin Hussein to discuss strong US-Malaysia Comprehensive Partnership as well as the two countries’ shared respect for international law and the rules-based maritime order in the East Sea. … [Read more...] about US discusses with Philippines, Malaysia on East Sea

Kuala Lumpur (VNA) – The Malaysian government has allowed traders to hold unlimited cheap sales in a bid to fuel consumer spending, thereby boosting the country's economy amid the COVID-19 pandemic. According to the New Straits Times, traders in Malaysia were previously allowed to organise cheap sales four times a year, thrice stipulated by the government and another period and date chosen by business operators. The government’s new initiative now enables them to hold unlimited cheap sales without quotas. Professor Dr Yeah Kim Leng from the Sunway University Business School of Economics said such a move could spur growth and improve the country's economy, noting that the normalisation of consumer spending is crucial to the country's sustained economic recovery. It is especially important during the current COVID-19-induced downturn in reviving the domestic economy, especially in the affected industries such as hospitality, restaurant, food, retail and tourism that … [Read more...] about Malaysia promotes cheap sales to spur economic growth

Information regarding the fixtures was released by the Asian Football Confederation (AFC) during a recent meeting to discuss rescheduling all matches taking place later in the year due to impact of the novel coronavirus (COVID-19) pandemic. … [Read more...] about Vietnam set to face Malaysia in World Cup qualifier in October

Kuala Lumpur (VNA) – Malaysia has allocated 62 million RM (14.6 million USD) to farmers' organisations through the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) to help its members affected by the COVID-19 pandemic. Malaysian Minister of Agriculture and Food Industry Ronald Kiandee said that of the total, 50 million RM was given to short-term agrofood programmes (start producing in three to six months) with each farmers’organisation receiving between 100,000-200,000RM. Ronald said that another 10 million RM was allocated for infrastructure facilities for food storage and distribution purposes as well as crop integration programmes to ensure the food supply value chain is streamlined more efficiently. Another 2 million RM is also allocated to increase the use of agricultural machinery including tractors and harvester, the minister said. He affirmed that all departments and agencies under the ministry including the Agriculture Department, Fisheries Department, … [Read more...] about Malaysia spends nearly 15 million USD to support pandemic-hit farmers