Covid-19: Finance minister says new normal may be permanent | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Covid-19: Finance minister says new normal may be permanent

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said 10 million workers have now gone back to work, injecting much-needed revenue into the economy. — Picture by Yusof Mat Isa

In order to stem infections and not overwhelm the healthcare system, the government ordered businesses to be shuttered and the public to shelter at home starting March 18. The move has helped to flatten the curve but cost Malaysia an estimated RM2.4 billion a day in lost wages. He also cautioned against having unrealistic expectations, as it would take time to restart the economy.

Part of revitalising the economy includes people having money to spend, which is where the economic stimulus package — with its RM13 billion wage subsidy programme — comes in.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

should've persisted tzafrul_aziz to answer if the new norm is permanent then why insist a lock down rather than igniting a distorted supply chain with low fuel price, zero tolls, low interest rates, lifting mobility control order, MY_Airports & MAS start operations?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Covid-19: National Finance Council meeting approves infrastructure boosts, loan restructuring | Malay MailKUALA LUMPUR, May 22 — The National Finance Council’s meeting earlier today has resulted in several measures to boost infrastructure and offset the impact of Covid-19, among others. The Finance Ministry said the council has agreed to approve RM350 million in contributions to the State Reserve...
Source: malaymail - 🏆 1. / 86 Read more »