FOR the week of 9 to 15 March 2009, the Chinese press was concerned with issues related to money. In particular, the press focused on the announcement of the second stimulus package, and the declaration of executive councillors’ assets by the Selangor government. (sxc.hu) Kwong Wah Yit […]
mini budget
Uniting the Malays
Translation by Zedeck SiewBETWEEN 9 and 15 March 2009 — excellent Sijil Pelajaran Malaysia (SPM) results notwithstanding — the defence of the Malay race, disunity among Muslims, and economic troubles worried the opinion pages and editorials of the Malay-language press. Closing ranks Closing ranks, especially along racial lines, was a big theme in the past week. The editorial […]
Conditional cooperation on economic front: Anwar
KUALA LUMPUR, 11 March 2009: Opposition Leader Datuk Seri Anwar Ibrahim said the opposition was prepared to cooperate for the people’s benefit in tackling the worsening economic crisis, but on certain conditions. Anwar (PKR-Permatang Pauh) said the “olive branch” offered by the government was a sign it wanted to cooperate with the opposition, but he […]
BN candidate for Batang Ai to be known on Saturday
KUCHING, 11 March 2009: The Barisan Nasional (BN) candidate for the Batang Ai state by-election will be known by Saturday, 14 March. Chief Minister Tan Sri Abdul Taib Mahmud, who is also state BN chairperson, said the decision would be known after a meeting of state BN component parties to be held that day. The […]
“No long-term impact from larger deficit”
By BFM 89.9CIMB Investment Bank regional rates and foreign exchange strategist Suresh Kumar Ramanathan says in an interview with BFM 89.9 that the 7.6% fiscal deficit arising from the RM60 billion stimulus package announced today will have no long-term significant impact. “From a macro perspective, it looks large, but in times such as these, every country is […]
“Surprising” stimulus package
By BFM 89.9OSK Securities research head Chris Eng tells BFM 89.9 in an interview that the RM60 billion stimulus package announced was larger than expected, and had several surprising measures. Eng says the property and construction sectors will be the main beneficiary of the stimulus package, while the auto and plantation sectors will be smaller beneficiaries. The […]
Tax hotline on mini budget
KUALA LUMPUR, 10 March 2009: The Inland Revenue Board (IRB) has opened a hotline to answer queries on tax related matters pertaining to the Mini Budget 2009. Taxpayers with queries can call Tel: 03-6201 0550 or 03-6203 1537 between 5pm and 8pm today and between 8am and 6pm tomorrow, the board said in a statement […]
Package “impressive and impactful”
By BFM 89.9MAYBANK Investment Bank head of equity research Vincent Khoo describes the RM60 billion stimulus package announced today as “impressive”, saying that the measures announced under the package would have an impact on several areas. In an interview with BFM 89.9, Khoo says banks would benefit indirectly because the expected increase in non-performing loans would be […]
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 […]
