The government is fully aware of the need to be agile and to respond swiftly to the COVID-19 threat in the country, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
"Many have asked me, does the government expect to see economic recovery this year? The answer to that is contingent on how well and quickly we can overcome the threat of COVID-19 in the country.
"All Malaysians must play their part and be united in responding to this fight. As mentioned by our Prime Minister, we are a nation at war with invisible forces," he said in a commentary on the 2020 Gross Domestic Product (GDP) Growth Forecast today.
He said the nation's economy is expected to recover to some extent towards the later part of the year, and rebound in 2021.
"Yet, downside risks remain as the COVID-19 situation is unprecedented and we need to expect the unexpected," said Tengku Zafrul.
Nevertheless, he noted that the country has the capacity and fiscal space to meet future uncertainties.
He said Bank Negara Malaysia (BNM) will ensure that the financial system remains stable with deep liquidity and strong buffers.
"As it stands, the financial system today has RM121 billion in excess capital buffer, as compared to only RM39 billion during the global financial crisis of 2008.
"On the capital market side, the Securities Commission and Bursa Malaysia will continue to ensure that markets stay open, transparent and orderly," he said.
Meanwhile, Tengku Zafrul said Prime Minister Tan Sri Muhyiddin Yassin is expected to announce further support measures for Malaysian micro-businesses and small and medium-sized enterprises (SMEs) to help them further mitigate the effects of the COVID-19 pandemic.
"This entire week has seen close engagements between the government and members of the business community, particularly concerning micro-businesses and SMEs.
"We have collated and considered all feedback, and certain areas have been identified for fine-tuning and improvements," he added.
Tengku Zafrul said the RM250 billion Prihatin Rakyat Economic Stimulus Package (PRIHATIN) announced by the prime minister last week is expected to contribute an estimated 2.8 per cent to the GDP this year.
He added that PRIHATIN was formulated to address the adverse impact of COVID-19 on the country, driven by three objectives -- protecting the people, supporting businesses and strengthening the economy.
-- BERNAMA
Bernama
Sat Apr 04 2020
Tengku Zafrul said the nation's economy is expected to recover to some extent towards the later part of the year, and rebound in 2021. - BERNAMA
Setiausaha Kerajaan Negeri Melaka meninggal dunia
Allahyarham Zaidi Johari yang berusia 54 tahun menghembuskan nafas terakhir akibat serangan jantung sekitar pukul 8.15 pagi ini.
Letupan terdengar di Isfahan, Iran - Laporan
Satu letupan kedengaran di barat laut bandar Isfahan di Iran, lapor agensi berita FARS yang memetik sumber tempatan.
Raffi Ahmad mengaku pernah minum air basuhan kaki ibu
"Benar, saya minum (air basuh kaki). Minggu hadapan semua pekerjaan yang hilang saya dapat balik." - Raffi Ahmad
Tiada lagi ulang tayang Piala FA
Semua video ulang tayang perlawanan Piala FA dari perlawanan pusingan pertama akan dibatalkan mulai musim depan.
Niaga SPOTLIGHT: Financial Inclusion via Innovative FinTech
12% of Malaysia ie; 7 million Malaysians, primarily from rural areas are unbanked - meaning they cannot access any financial services.
This is a dire need in Malaysia due to the country’s fast growth rate in mobile banking and e-money transactions, which quadrupled to RM800 billion in 2021.
Moreover, the existence of financial inclusion gaps among underserved communities such as women, gig workers, and lower-income earners requires significant attention.
Niaga Spotlight speaks with Nisa Ismail, CEO, Sedania As Salam Capital Sdn Bhd (SASC) about the latest in Financial Inclusion via FinTech to help close socioeconomic gaps, especially in rural areas.
#NiagaAWANI
#NiagaSPOTLIGHT
This is a dire need in Malaysia due to the country’s fast growth rate in mobile banking and e-money transactions, which quadrupled to RM800 billion in 2021.
Moreover, the existence of financial inclusion gaps among underserved communities such as women, gig workers, and lower-income earners requires significant attention.
Niaga Spotlight speaks with Nisa Ismail, CEO, Sedania As Salam Capital Sdn Bhd (SASC) about the latest in Financial Inclusion via FinTech to help close socioeconomic gaps, especially in rural areas.
#NiagaAWANI
#NiagaSPOTLIGHT
Niaga AWANI: Pendidikan AI sekolah rendah: Pembangunan masa depan digital
Di sekolah rendah di Malaysia, pelajar akan diperkenalkan kepada asas AI dalam mata pelajaran baharu yang dipanggil Teknologi dan Digital bermula dari 2027. Apakah persiapan yang diperlukan setiap sekolah untuk memastikan pelahar lebih muda dibawa masuk ke dunia penggunaan AI yang bertanggungjawab?
#NiagaAWANI
#NiagaAWANI
Niaga AWANI: MOSTI sasarkan penubuhan 900 pemula niaga menjelang 2026
Kementerian Sains, Teknologi dan Inovasi (MOSTI) menyasarkan untuk memudahkan penubuhan sehingga 900 pemula niaga kecerdasan buatan AI menjelang 2026 melalui program perintis AI Sandbox 2024.
#NiagaAWANI
#NiagaAWANI
Klopp terima kenyataan kurang ancaman punca Liverpool tewas
Mohamed Salah kurang menunjukkan prestasi terbaiknya sejak kembali dari kecederaan hamstring.
Niaga AWANI: Sinergi diperlukan bagi merealisasikan aspirasi mampan negara
Kenyataan itu juga mengatakan bahawa RHB telah mencapai kemajuan yang ketara ke arah operasi neutral karbon, mencapai pengurangan 43 peratus dalam pelepasan gas rumah hijau (GHG) operasi berbanding garis dasar 2016, merangkumi Skop 1, 2, dan 3 (Perjalanan Perniagaan melalui Jalan dan Udara.
#NiagaAWANI
#NiagaAWANI
AWANI Pagi: Raya Oh Raya: Alamak! Poket dah "kering" ni
Diskusi 8.30 pagi Jumaat bersama Dr Nur Lalua Rashidah Mohd Rahsiad, Pengurus, Perhubungan Korporat Asia Pacific University of Technology & Innovation (APU) mengenai pengurusan kewangan selepas berdepan perbelanjaan yang banyak dimulai sesi sekolah dibuka diikuti puasa dan hari raya. Ini termasuk bagaimana pengurusan yang baik boleh membantu membawa keluar keluar daripada pergelutan kewangan sementara menunggu gaji bulan seterusnya.