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…
Adversely Affected Economic Sectors Show Signs of Recovery Malaysia’s three main economic sectors which were severely affected by COVID-19 pandemic shows definite signs of recovery. The country is optimistic that these sectors mainly – Agriculture, Construction, and Manufacturing, will gradually recover. The resumption of government projects has allowed many construction companies in the private sector…
Mida Records Malaysia’s Approved Investments That Worth RM37.4 Billion in the First Three Months of 2020 According to the Malaysian Investment Development Authority (MIDA), Malaysia’s approved investments recorded a whopping RM37.4 billion in the first three months of 2020. The approved investments were contributed by the manufacturing, service and the primary sector, totalling up to…
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…
Malaysia Government Supports Private Sector with RM20 billion Funding The government has approved a total of RM14.2 billion of 320 Facilitations Fund projects, which has generated approximately RM230 billion worth of economic activities. This fund under the Public-Private Partnership (PPP) approach, had been the stimulant for broader sector reforms and increased private sector participation in…
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…
Find out all about the latest amendments to the MFRSs Businesses around the globe are currently affected by pandemic Covid-19. The same goes for companies in Malaysia. Whether foreign-owned or local companies, both are in a predicament as to how things will be with the new normal. Financial reporting for the year 2020 and onwards…
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…