KUALA LUMPUR, 15 April 2009: The effects of the fiscal stimulus package and the supportive monetary environment will put the country’s economy in a better position in the second half of the year, Bank Negara Governor Tan Sri Dr Zeti Akhtar Aziz said today. She said even though external economies were contracting, the domestic economy […]
economy
Govt sets up economic advisory council
KUALA LUMPUR, 9 April 2009: An economic advisory council aimed at reviving and reforming the country’s economic system will be set up, Prime Minister Datuk Seri Najib Razak said today. He said the council, which would report to him directly, would be the top priority of the government in its initiatives to seek solutions to […]
Umno assembly: debates continue
KUALA LUMPUR, 27 March 2009: The Umno general assembly continues today with the main agenda being the debate on the motion of thanks for the presidential policy speech, and the motions on economy, education and religion. Twelve delegates will participate in the debate which began at 8.30am on the presidential policy speech. The debate would […]
Selangor Sultan: Don’t misinterpret constitution
SHAH ALAM, 10 March 2009: Sultan Sharafuddin Idris Shah of Selangor today urged all parties especially his subjects not to misinterpret the state and Federal constitutions for the benefit of certain groups. Everyone should fully respect the laws of the state and country and adhere to all the provisions, he said when opening the First […]
Najib unveils second stimulus package (Updated 5.55pm)
KUALA LUMPUR, 10 March 2009: The government has unveiled a second stimulus package worth RM60 billion to spur economic activity and help prevent a recession, Deputy Prime Minister Datuk Seri Najib Razak announced today. Following are highlights of the package tabled by Najib, who is also Finance Minister, in the Dewan Rakyat. House buyers given […]
Mini budget may exceed RM10b
By Joe ChinKUALA LUMPUR, 6 March 2009: The government’s mini budget package could exceed the RM10 billion announced on 5 March as it had yet to include tax measures and other measures that are not financed by the government, economists said. RHB Research said on today these include a lump sum payment of yearly dividend to employees […]
Public sector told to speed up projects
KUALA LUMPUR, 17 Feb 2009: Only 70% of the RM7 billion economic stimulus package announced last November to kick-start the economy has been disbursed. As such, Prime Minister Datuk Seri Abdullah Ahmad Badawi wants the public sector to buck up in planning and implementing people-oriented projects under the package to generate economic growth. The prime […]
Perak must not fail
By Wong Chin HuatCorrected 1.40pm, 7 Feb 2009 Signboard maker in Ipoh (© Alex Moi / flickr) A FAILED state is a state losing its ability to govern and exercise authority. Text-book examples include Sudan, Somalia, Zimbabwe, Iraq and Afghanistan, countries that we would never compare Malaysia to. The Fund for Peace, a US think tank, listed 12 […]
Employers can apply to let go foreign workers early
LANGKAWI, 3 Feb 2009: Companies with foreign workers and are facing the economic crunch can now apply to let go these workers even if their service contracts have yet to expire, said Human Resource Minister Datuk Dr S Subramaniam. “I have discussed this with Deputy Prime Minister Datuk Seri Najib Razak and it is to […]
Budget deficit may exceed 5% in 2009
KUALA LUMPUR, 3 Feb 2009: The budget deficit this year is likely to exceed five percent due to increased government spending, resulting from pump priming, to spur the economy, according to analysts. The government announced a RM7 billion stimulus package on 4 Nov last year to face the global economic slowdown and is expected to […]
