Economists laud Prihatin package
Prof. Yeah Kim Leng said local companies could benefit from a RM50 billion government guarantee scheme via Danajamin Nasional Bhd.
Stimulus Package 2 should reach wider range
Prof. Yeah Kim Leng expected a bigger and more comprehensive stimulus package to mitigate the economic impact of the extended MCO and to alleviate economic hardship.
EPF i-Lestari withdrawal to begin May 1
Prof. Yeah Kim Leng said any additional cash would be helpful to ease the financial burden of large families in low-income households.
Oil prices dependent on demand recovery
Prof. Yeah Kim Leng said crude oil price outlook is conditional on the willingness of the oil-exporting countries to agree on production cuts and ensure an orderly supply.
Extension of MCO would bring grave hardship to SMEs and B40 group, say economists
Prof. Yeah Kim Leng said the nation’s production capacity would be reduced as assets are sold off and workers could be laid off or have their salaries cut.
QE-led market rally not sustainable as Covid-19 fears linger: Analysts
Prof. Yeah Kim Leng opined that a sharper economic decline is expected as consumption and production activities have been affected by the movement restrictions.
Institutional fund managers should review its investment strategies
Prof. Yeah Kim Leng said fund managers should adopt an ‘averaging down’ investment strategy to reduce losses, and position strategically for a market recovery.
Economist warns of disaster from forcing firms to pay full wages
JCI President Prof. Woo calls for “emergency room economics” to be implemented while the MCO is in force, with aid given to those earning low incomes.
Malaysians urged to review expenses and cut back
Prof. Yeah Kim Leng said those affected should focus on meeting their basic needs first.
Economic headwinds put Malaysia's government in tough spot to bolster state earnings
Prof. Yeah Kim Leng said given the current state of affairs, "it is desirable to maintain a floor price, and fuel tax goes into a stabilisation fund".
Outbreak may increase unemployment
Prof. Yeah Kim Leng said the hit to the country’s GDP in the face of the Covid-19 outbreak was equivalent to an estimated 120,000 to 180,000 job losses
MoF urged to devise economic stimulus package
Prof. Yeah Kim Leng states that the government’s priority for 1H20 should be on speedy, coordinated and efficient spending and project implementation.
