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New Programme Introduced to Help Those Impacted by COVID-19 A New Wage Subsidy Programme 2.0 has been announced by the Malaysia government intended to help those impacted by COVID-19. The New Wage Subsidy Programme 2.0 falls under the Kerangka Inisiatif Tambahan Prihatin (KitaPrihatin) Framework. The programme is categorising people into two types of income groups.…
Moratorium and Targeted Bank Assistance Announcement in Malaysia On 29 July 2020, Malaysia’s Prime Minister announced the advanced moratorium and targeted bank assistance. Specifically, the loan repayment moratorium was introduced to reduce the financial burden of the people. It was also implemented to address the cash flow challenges faced by businesses, especially in the early…
National and Malaysia Day Celebrations! ‘Malaysia Prihatin’ directly translates to Malaysia Cares, which is the appointed theme for this year’s National Day and Malaysia Day celebrations. Malaysians have displayed a caring nature, along with firm determination and patience during COVID-19 pandemic. Therefore, this theme was selected to recognise the virtues amplified by Malaysians when facing…
Understanding the Latest Buzzword: Travel Bubble Travel bubble, travel corridor, corona corridor are the latest positive buzzwords during this troubling time of the pandemic. But what are they, and why should we be excited about it? What is a Travel Bubble? More and more countries are adopting the travel bubble. Although we’re in the…
COVID-19 Report Card to Assess Pandemic Readiness Experts have created a report card to measure the readiness of a country in handling outbreaks. The COVID-19 Report Card will have several indicators to evaluate the countries’ preparedness in combating a pandemic. Inaccuracy of GHSI Pandemic preparedness has not equated to effective pandemic management. Assessments such…
eWallet Malaysia Payment Platforms Shining Bright Amid Pandemic Electronic Payments in Malaysia Now Stronger Than Ever eWallet Malaysia has become the preferred method of payment over traditional cash payments. Especially amid the COVID-19 pandemic and movement control period. The Money Evolution Payment methods have certainly come a long way, thanks to the rapid…
List of Businesses and Activities Allowed Under Recovery MCO Malaysia Malaysia’s MCO in “Recovery Phase” Until End of August The recovery MCO Malaysia will begin 10 June onwards and continue until 31 August. Below is a guide to the businesses and activities that will be allowed to resume. Malaysia’s Conditional Movement Control Order…
Advancing Malaysia’s Digital Economy Malaysia is advancing rapidly and has great potential for further expansion in its digital economy. In the World Bank’s report, “Malaysia’s Digital Economy – A New Driver of Development”, it was pointed out that businesses still need to adopt digital technologies more readily to make full use of its benefits. Malaysia’s…