Posted by MoneyMaker168 > 2020-06-15 12:04 | Report Abuse

Ha ha.... it’s clear that all its doing is trying to pretend that the Prihatin Economic Stimulus Package presented by the government (of which PAS is a member) is actually effective

Posted by SunnyWong > 2020-06-15 12:05 | Report Abuse

I wil wager that 90% of the recipients of the Prihatin Economic Stimulus Package will not be operating in 3 year’s time

Posted by DatoSriLuvGuru > 2020-06-15 12:06 | Report Abuse

Dey A katak bawah tempurung view of the economy! The economy needs to go into bigger deficits and pump prime it with big infrastructure projects and helping the SMEs and the business community. Only way is to raise more bonds, liquidate non-core assets and operate on higher deficits. Unfortunately after years of abuses especially under the UMNO and Bossku regime the coffers are empty unlike Singapore and we cannot draw on the reserve. And PAS who cannot administer Kelantan well and one of the backward state are trying everyone how to s.uc.k eggs.

Posted by Kenny Chua > 2020-06-15 12:09 | Report Abuse

It’s been quite some time now since we have seen highly “intellectual” comments from warm water and Doraemon ministers. Seems like PAS is not wanting to be shortchanged and lose in the battle for limelight in the PN government. PAS had outdone itself with two major insights from yesterday and today. Yesterday, Malaysians are enlightened by the ban of alcohol in solving drunk driving and today, we got another dose of PAS’s economic prowess. Only PN politicians are capable of overtaking Trump.

Posted by WellingtonSky > 2020-06-15 12:09 | Report Abuse

This estimation and the figures provided here sounds more like propaganda news to keep the people in good mood. Besides stating just a few big key-figures, there is no further explanation how this growth can be justified!

A stimulus package has only short-term effect. The loss in the GDP caused by almost 2 months lockdown can never be compensated.

Moreover, Malaysia economy relies very much on Oil & gas and other natural (resources rubber, palm oil, fruits, etc.) which depends much on export strategy. A state like Sabah will have almost 0 tourism sector income after the lockdown!

But the global demand has dropped so sharp that even the Chinese government has not publish any growth target for 2020. All other economies in Europe and Nothern-America expect recession for this year.

So, how come that Malaysia can achieve positive growth in 2020?

So again, either this article is just a propaganda news or just poor due to a very weak economic analysis!

Posted by MoneyMaker168 > 2020-06-15 12:10 | Report Abuse

What economic analysis? It seems to be written on hope and a little prayer. The pandemic stricken 2Q2020 is an economic disaster and no one can predict what will happen the next 2 quarters when restrictions are slowly lifted. All the stimulus money does is to stave off a sudden stalling of the economy but reality will sink in come 3Q and 4Q2020. How will many of the stricken small businesses survive a prolonged slowdown in economic activities?

Posted by WellingtonSky > 2020-06-15 12:10 | Report Abuse

Of course a lot will suffer....

Posted by traderstrades > 2020-06-15 14:13 | Report Abuse

Malaysia's latest stimulus package PENJANA includes childcare incentives, free internet

The government has introduced numerous measures to benefit individuals as part of the RM35 billion Economic Recovery Plan named PENJANA in short, that was announced by Prime Minister Tan Sri Muhyiddin Yassin today.

There is the introduction of a tax exemption of up to RM3,000 for fees paid by parents to nurseries for child care — up from RM2,000 previously — and RM800 eVouchers for the use of childcare services that are booked online, to be used from now till end-August.

These initiatives will be facilitated by the Ministry of Community and Women Development, together with the Inland Revenue Board.

To enable remote working and education under the new norm, Muhyiddin also announced 1GB of free internet for all users from 8am to 6pm every day, to surf educational web pages and to use video conferences applications, up until Dec 31, 2020.

"Besides that, all users will be able to access for free, without limit, government web pages and the government's Covid-19 application, in particular mySejahtera," Muhyiddin said when delivering his speech on PENJANA.

For e-wallet users

The government is also crediting RM50 into each e-wallet, matched by RM50 cash-back or discounts by e-wallet operators, to benefit 15 million Malaysians aged above 18, with annual income below RM100,000.

For single moms and the disabled

Meanwhile, the government is planning a one-off payment of RM300 to be given to 300,000 single moms and disabled listed under the Department of Social Welfare before Hari Raya Aidiladha.

For gig-economy workers

The government, which is in the midst of crafting a policy to support the growth of the gig economy and the welfare of those in this sector, is also allocating RM50 million in the form of matching grant for gig economy platforms to allocate social security contribution of up to RM162, and Employee Providend Fund contribution of up to RM250 per employee, per year.

Limitless public transport rides on RM30 per month

Separately, it will introduce a RM30 monthly public transport pass (Programme MY30) to be used for limitless rides on all public transportation under the purview of Prasarana in the Klang Valley.

The programme is open to all Malaysians and will take effect from June 15 until end-2020.

Additional allocation for B40 PEKA

On the healthcare front, the government plans to allocate an additional RM50 million for the B40 PEKA Scheme, to fund screening tests and medical equipment.

The B40 PEKA Scheme is the Skim Peduli Kesihatan for the B40 group, a government initiative under the Ministry of Health that aims to sustain the healthcare needs of low the country's income groups by focusing on non-communicable diseases.

Posted by MoneyMachineMaker发发发 > 2020-06-15 14:15 | Report Abuse

Well presented valuable inputs that were not even looked into or considered by the government planners.
PN needs to get inputs as mention from multiple sources to ensure no one is left out.
Good inputs guys. Well done.

Posted by SunnyWong > 2020-06-15 14:15 | Report Abuse

yeah

Posted by DoubleProsperity > 2020-06-15 14:15 | Report Abuse

Have to agree.....

Posted by FOOK YOU FOOK ME > 2020-06-15 14:16 | Report Abuse

Unqualified people running the country. Damnnnn

Posted by GothicRock > 2020-06-15 14:18 | Report Abuse

"Why is there a need to help housing developers sell their overpriced luxury properties?" - because they have the ears(or ar*se) of the Economics Minister?

Evryone have the welfare of the needy at heart but sadly the backdoor PM and his toilet bowl govt are only going through the motions of helping the rakyat. In all likelihood all these Penjana programmed are smokescreens for those unscrupulous politicians to line their pockets.
Remember there is no oversight for these programmes - Parliament has been put down!!

Posted by WellingtonSky > 2020-06-15 14:18 | Report Abuse

What Penjana flawed? Sagung has declared it as honey flowing down from heavens.

I only see it benefiting PN cronies through various schemes and scams. Some pittance will drop down to poor folks.

Posted by Zoologist > 2020-06-15 14:19 | Report Abuse

Come with rent control act for commercial buildings to support small and medium business.

Posted by Zoologist > 2020-06-15 14:19 | Report Abuse

pity....

Posted by ChineseKungFuMaster > 2020-06-15 14:19 | Report Abuse

The first major flaw is that the Penjana package does not address the loss of income of approximately 1.5 million daily paid workers in the informal sector.
@@@@@

Another good commentary by Dr Jeyakumar. Maybe it is too much to expect PN leaders who ride in mercedes benzs and earn fat salaries to think of these 1.5 million daily paid workers who literally live from hand to mouth.
The PN government is behaving as if parliament does not exist and they are accountable to no one.

Posted by RangeRover222 > 2020-06-15 14:20 | Report Abuse

PSM must prepare a working paper in the model of Home Owners’ Loan Corporation (HOLC) managed by the community cooperatives that should be financially supported by the government relief program to acquire those primary-single-house-owners who are facing defaults due to Covid19. Under this model, buyback the distressed mortgages and then worked to refinance those mortgages by lowering monthly payments based on the current national income or adding more years to make affordable monthly payments to the level of current rental value. If the occupants still can’t pay the reduced rental, the HOLC take over the property at the current market rate, fix it up, and rented it out until another person buy it. Such an arrangement would avoid fire-sales during the downturn and using the public wealth to cover the banks’ losses as in the previous recessions. It is better to cover the primary-single-house-owners with federal funds than covering the banks’ losses.

Such a program will avoid the abandoned houses in our neighborhoods.

Posted by QueenElizebeth IV > 2020-06-15 14:21 | Report Abuse

Haha money rains from the skies!

Posted by alipay88 > 2020-06-15 14:21 | Report Abuse

The Government should bring Dr Jayakumar into his advisory committee or council so that he gets the best advice as to what needs to be done first to help those most in need and secondly to help SMEs and other businesses survive the pandemic. As he rightly points out the unavailability of a vaccine or cure will make social distancing necessary. Therefore large congregations of people in confined spaces will not be possible for a long time. His suggestion for the building of social housing units in every area of need should be accepted.

Posted by XmenOrigin > 2020-06-15 14:22 | Report Abuse

I really appreciate the thoughts that he put into it, sharing with us and the government his insights and recommendations. This is what being a mature opposition should be - providing alternative yet constructive viewpoints.

I would love to see the main PH strategists to provide alternative proposals to revive the Malaysian economy.

Posted by Zillionaire > 2020-06-15 14:23 | Report Abuse

Thank you for poking holes in it

The new Finance Minister is long of publicity and shorty on substance

He is a PR guru , all will look good but nothing will happen

Looks like PN govt want to look like there is so many new initiatives being rolled out , hence the 40++ numbers but mostly are re runs and ineffective


most important is missing, guranteed minimum payment to all household in Malaysia below certain numbers , instead on BRIM, BPN, BROOM, SAPU, MINTAK, sedekah , penjana, pembinasa and all

Just pay RM1.500 to each poor household every month , means tested, not to pensioners who have ten houses and earning massive income sitting on company boards

Posted by Elaine Tan > 2020-06-15 14:44 | Report Abuse

HI guys Its tea time!

Posted by TalkNumberOne > 2020-06-15 14:50 | Report Abuse

Fuhhyooo, market going on Christmas and Chinese New Year mood. Ang Ang Bei Hai Lang lo woi, Haha my fellow fighters remember, when God give you lemon, make lemonade, not cry father cry mother like Hobo.

Posted by RangeRover222 > 2020-06-15 15:02 | Report Abuse

Ha ha ha, TRD says got 2 more uptrend coming, means now is a good time to buy!

Posted by RevenueQueeN > 2020-06-15 15:04 | Report Abuse

Tea time tea time! cheers!

Posted by TalkNumberOne > 2020-06-15 15:16 | Report Abuse

TRD must be busy scouting now lo. Haha busy busy busy

Posted by THEREALDEAL > 2020-06-15 15:17 | Report Abuse

Hopefully this 2 dream will make Arbb break 0.45!

Posted by THEREALDEAL > 2020-06-15 15:17 | Report Abuse

Yawn................

Posted by goodiewilly > 2020-06-15 15:27 | Report Abuse

TRD with sweet dreams, but Bursa is at nightmares now

Posted by Jake81 > 2020-06-15 15:27 | Report Abuse

no dream for Ages ah

Posted by goodiewilly > 2020-06-15 15:40 | Report Abuse

Ageson held back all big paper deals lor..digging sand can continue and loading on boats to continue too...no paper work , but got machine and labour works..so price keeps dropping ..wtf

Posted by RoboTop > 2020-06-15 15:46 | Report Abuse

@TalkCockNumberOne......
Fuhhyooo, market going on Christmas and Chinese New Year mood. Ang Ang Bei Hai Lang lo woi, Haha my fellow fighters remember, when God give you lemon, make lemonade, not cry father cry mother like Hobo.
15/06/2020 2:50 PM

Ooi moron....who's crying?? You or me??
I'm waiting to buy back ARBB bcoz its already below 30c as I anticipated. Tomorrow I can get ARBB at 26c. See you there moron.

Posted by GothicRock > 2020-06-15 15:49 | Report Abuse

Jake81, go Ageson ask someone there, not this forum!

Posted by Kenny Chua > 2020-06-15 15:52 | Report Abuse

goodiewilly, Ageson now good to buy or not?

Posted by Kenny Chua > 2020-06-15 15:53 | Report Abuse

goodiewilly, Ageson now good to buy or not?

Posted by ChinaDragon > 2020-06-15 15:54 | Report Abuse

hehe

Posted by ChinaDragon > 2020-06-15 15:55 | Report Abuse

RoboTop ,I'm waiting to buy back ARBB bcoz its already below 30c as I anticipated. Tomorrow I can get ARBB at 26c. See you there moron.
15/06/2020 3:46 PM

I am waiting at 0.20, can get this special price ? If yes hoseh lo

Posted by TalkNumberOne > 2020-06-15 16:03 | Report Abuse

Chinadragon, why you kawan with Hobo, hahahahahaaa

Posted by RoboTop > 2020-06-15 17:00 | Report Abuse

@TalkCockNumberOne.....
Only a noobie and a moron like you would hold on to ARBB like yr dear life depends on it and never let go even at 40c.....what an idiot! You better go and learn basic investing before coming here.

Posted by TalkNumberOne > 2020-06-15 17:34 | Report Abuse

TRD, mana pergi? Lets come and talk some cock

Posted by alipay88 > 2020-06-15 18:08 | Report Abuse

Wah

Posted by ChinaDragon > 2020-06-15 18:10 | Report Abuse

Talk number one, because I bought all my arb shares @0.10, so whatever he say I also can follow his call price or maybe more lower price than him......hebe

Posted by ChinaDragon > 2020-06-15 18:10 | Report Abuse

Hehe*

Posted by TalkNumberOne > 2020-06-15 22:12 | Report Abuse

Haha brother, cheers la. Itu Hobo doesn't know ma. Noobie will never understand. Can only think of others at his very best level.

Posted by ChinaDragon > 2020-06-15 22:37 | Report Abuse

Cheers bro,g9.

Posted by henry888 > 2020-06-16 07:19 | Report Abuse

Dow Jones yesterday initially plunged more than 500 points but finally recovered and with positive index 100 plus, oil too. Disappointment for those who wish to get below 0.285. Basic investment knowledge 2 dips 1 up.

Posted by MoneyMachineMaker发发发 > 2020-06-16 08:59 | Report Abuse

Good one henry888, and good morning guys!

Posted by MoneyMachineMaker发发发 > 2020-06-16 09:09 | Report Abuse

IS ANWAR ANYWHERE AS DISHONEST AS POLITICAL GANGSTER MAHATHIR? IS HE WORSE THAN NAJIB, MUHYIDDIN, ZAHID OR BADAWI? WHY SHOULD MALAYSIANS NOT WANT HIM TO BE PM9 – DID HE NOT BUILD UP PAKATAN & WIN MORE VOTES THAN UMNO-BN IN GE13 DESPITE REFUSING TO BACKTRACK OR UNDERMINE REFORMS?

Posted by MoneyMachineMaker发发发 > 2020-06-16 09:09 | Report Abuse

Pakatan is way ahead now. Each time another seat falls the crowd erupts in spontaneous applause. In the crowds the old chants break out, the chants of the late 1990s and the movement for reform, Reformasi, that started with then Prime Minister Mahathir Mohamad sacking his Deputy Prime Minister Anwar Ibrahim after Anwar challenged his authority and his handling of the Asian Financial Crisis. The Reformasi movement, which started with such hope and promise, ended in tear gas canisters fired on crowds and long jail sentences for Anwar and others involved in organising the protests.

‘Reformasi, Reformasi, Reformasi!’

Malaysia is a complex multiracial and multi-religious country. The Malays, who are constitutionally bound to be Muslim, make up just over half of the country’s population. Malaysians of Chinese origin make up over 20 percent of the population, with Indian Malaysians like Sham and her family and indigenous groups making up around 10 percent each. Along with neighbour Singapore, Malaysia’s large multiracial population sits in stark contrast to the more ethnically homogenous Thailand to the north, and the more religiously homogenous Indonesia to the south and west; politics, often divided along racial and religious lines, is thus particularly complicated. The constitution, written up by the British, dictates that the Prime Minister must be a Malay, and since independence in 1957 the United Malays National Organisation (UMNO) had ruled as the dominant partner in coalition with smaller Chinese and Indian ethnically based parties.

Nobody seriously expected the populist wave sweeping authoritarians to power across the region, from Rodrigo Duterte in the Philippines to Narendra Modi in India, to hit Malaysia.

But against the backdrop of the 1998 Kuala Lumpur Commonwealth Games, Anwar Ibrahim tried to turn the country’s racially divided politics on its head. After being sacked as Deputy Prime Minister, he formed the People’s Justice Party (Parti Keadilan Rakyat or PKR) and invited activists and members of all races to join. When Anwar was sentenced to long prison terms for corruption and sodomy (charges he has always denied and maintained were politically motivated), PKR joined with other parties to form an opposition coalition, Pakatan Rakyat (Peoples Coalition), which made significant electoral gains in the 2008 and 2013 general elections, sending shockwaves through the mighty UMNO party apparatus. Despite also making gains at previous polls, on that night in May 2018 almost no one expected this coalition, now reorganised as Pakatan Harapan, to win, to take the capital and seize power at the election.