Quotes For You

Photo by  Thijs van der Weide  from  Pexels KUALA LUMPUR 28 March 2020 - Kuala Lumpur & Selangor Indian Chamber of Commerce & Industry (KLSICCI) believed that all small and medium enterprises (SMEs) should be eligible for the salary subsidy program implemented by the government to help businesses to ease their burden during the Movement Control Order period. KLSICCI President, Datuk R Ramanthan said, all employers should qualify for this subsidy as long as the employees are legitimately in their payroll.  His full statement is as follows: We are thankful for our beloved Prime Minister YAB Tan Sri Muhyiddin Yassin for the rejuvenating and mammoth RM 250 billion stimulus package.  We understand the challenges faced by the government politically, economically and the acute health crisis now. Nevertheless, we Malaysians are confident that we will overcome this crisis under our PM’s leadership. The SMEs & SMIs are greatly impacted as a re...

Photo by  Juhasz Imre  from  Pexels KUALA LUMPUR 30 March 2020 - The Malaysian government should explore the implementation of corporate social responsibility (CSR) initiative as a way to tackle the economic impact of Covid-19 pandemic. MIC Youth Political Bureau Chairman, Arvind Krishnan said, the government may formulate a win-win policy such as granting tax relief to companies participating in that initiative. His full statement is as follows: First and foremost, I would like to acknowledge all the great efforts done by the government in the recent economic stimulus package known as Pakej Prihatin Rakyat valued at RM250bil, amidst the economic crisis caused by Covid-19. Unfortunately, while RM250 billion is not a small amount, it is certainly not enough to overcome the economic crisis for days and months to come. What the country needs, is not just for the government to play its part, but for corporations to also step up their game on Corporate Social Resp...

SPEECH BY YAB TAN SRI DATO’ HAJI MUHYIDDIN BIN HAJI MOHD YASSIN PRIME MINISTER OF MALAYSIA PRIHATIN RAKYAT ECONOMIC STIMULUS PACKAGE (PRIHATIN) Bismillahhirrahmannirrahim, Assalamualaikum Warahmatullahi Wabarakatuh and Salam Sejahtera, My beloved fellow Malaysians, How are you all today? As promised, I will announce the PRIHATIN Rakyat Economic Stimulus Package worth RM250 billion which will benefit everyone. Of this, almost RM128 billion will be channelled to preserve rakyat’s welfare, RM100 billion to support businesses, including SMEs and RM2 billion to strengthen the economy. Meanwhile, RM20 billion has been announced in the earlier stimulus package. The PRIHATIN package will provide immediate assistance to ease the burden faced by all of you. Whether you are a fisherman in Kukup, Johor or small farmer in Jeli, Kelantan. A chalet operator in Cherating or a trishaw operator in Malacca, a night market trader in Kuala Lumpur or market trader in Pasar Tamu, Kun...

SEPANG 27 March 2020 - Since the Movement Control Order (MCO) period took effect on 18 March 2020, there have been a few cases of stranded passengers at KL International Airport (IATA Code: KUL). Some are due to the restrictions of the MCO, but some are also due to the travel bans of other destination countries. These cases mostly fall into the following categories: 1) Transit passengers whose connecting flights to the destination countries have been cancelled; or 2) Foreign passengers who had left Malaysia during the MCO but were denied entry at the destination countries and sent back to KUL. In these cases, Malaysia Airports will compile their details and forward them to the Wisma Putra and the respective embassies for their further action. While at the airport, the airport community including the respective airlines collectively do whatever is within our means to care for passengers. Airlines will provide meals and these stranded passengers have the option to c...

Kuala Lumpur, Malaysia 27 March 2020 – RHB Banking Group (“RHB”) announced that it will not be compounding interest during the six-months repayment deferment for banking facilities (“Moratorium”) that was announced by Bank Negara Malaysia on 25 March 2020. This will, however, be applicable to Retail and SME customers only and will take effect from 1 April 2020. For Islamic financing, RHB will continue to observe the principle of no compounding of profit. The Moratorium will apply automatically to all RHB Bank and RHB Islamic Retail and SME customers, with the exception of loans/financing facilities that are in arrears exceeding 90 days as on 1 April 2020. Key highlights of the Moratorium are as follows: The Moratorium will take effect from 1 April 2020, for a period of 6 months; Customers who do not wish to avail of the Moratorium may simply continue to pay their regular instalments; As an additional benefit, interest for all Retail and SME banking facilities will no...

SHAH ALAM, 26 March 2020 – Canon announced today that the company’s interchangeable-lens digital cameras (digital SLR and mirrorless cameras) have maintained the No. 1 share of the global market for 17 consecutive years from 2003 to 2019. Canon develops the key imaging system components featured in its EOS series of interchangeable-lens cameras—CMOS image sensors, image processors and interchangeable lenses—under the core concept of, “Speed, Comfort and High Image Quality.” Putting together a wide-ranging product lineup – from high-performance flagship models that are highly trusted by professionals to entry-level models that allow users to enjoy high-image-quality shooting with easy operation – Canon continues to support the diverse needs of customers. During the dawn of digital SLR cameras, Canon introduced its breakthrough EOS Kiss Digital (EOS Digital Rebel or EOS 300D in other regions) in September 2003. This groundbreaking camera, which was competitively pr...

Photo: Pexels The Malaysia Retailers Association (MRA), in line with the extended Movement Control Order (MCO) from 31 March 2020 to 14 April 2020 as announced by our honourable Prime Minister of Malaysia, YAB Tan Sri Dato’ Hj. Muhyiddin Bin Hj. Mohd. Yassin, would like to assure YAB Tan Sri that we, the retailers shall abide, obey and follow the Government directives and order, not only as a corporate citizen but as a responsible individual citizen as well. We recognise that we continue to have responsibilities towards our customers and suppliers, and will therefore, do our best in these extraordinary circumstances. We will continue to monitor any developments closely in line with the evolving situation. Nonetheless, the well-being of our employees, as well as their families, our business associates, and communities around us are of utmost priority as we navigate through these challenging and uncertain times. However, we would also like to highlight and reiterate here t...

Enabling Learning From Home for All Government School Students KUALA LUMPUR, 25 March 2020 - With educational institutions across the country closed for the coming weeks, educators, parents and students alike are looking for solutions to enable teaching and learning to continue at home during this uncertain time when the routine of daily life has been so suddenly disrupted. Universities and private schools that are well resourced have moved to provide classes online, and it seems inevitable that exams will also be conducted online if the situation does not improve quickly. Outside of tertiary and private institutions, millions of parents with children in Malaysia’s Government schools are left wondering about the status of their children’s education while schools are closed. To find out how it can support parents and students, YTL Foundation carried out a survey among parents with school-going children to understand their primary concerns during this period. The survey...

MIER had organized a press conference on 21 st of February 2020 to announce the results of a preliminary analysis of the economic impact of COVID-19 after its initial outbreak in Malaysia at the beginning of the year.  The overall economic impact of the outbreak on GDP growth was a reduction of between 0.8% to 2.0% rate declines from the baseline trend for the low and high scenarios.    The pandemic has now advanced beyond the initial infectious phase leading to Movement Control Order (MCO) issued by the government for two weeks from the 18 th of March 2020 to the end of the month.    The country-wide MCO or partial lockdown inevitably leads to economic disruptions which affect the country’s pattern of production, consumption and trade of our industrial outputs as well as on income and employment of the population. The PN government has also announced a stimulus package of RM20 billion in the first instance followed by a second allocation...