KUALA LUMPUR, 30 June 2009: The government will be tabling a set of far-reaching amendments to the Capital Market Services Act to further strengthen the Securities Commission (SC)’s enforcement powers in corporate governance transgression. Prime Minister Datuk Seri Najib Razak said the amendments would empower the SC to take action against a director or officer […]
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Three PR-led states receive low federal allocation
By Gan Pei LingPETALING JAYA, 26 June 2009: Penang and two other Pakatan Rakyat-led states – Kedah and Kelantan – were among six states that received the lowest allocations from the government’s stimulus package. Citing data available from the government’s Treasury website, DAP’s Jalan Tembikai branch deputy chairperson Steven Sim said, for example, that Penang was only receiving […]
RM6.95bil from first stimulus package disbursed
KUALA LUMPUR, 15 June 2009: Prime Minister Datuk Seri Najib Razak told the Dewan Rakyat today that almost 100% or RM6.95 billion from the first stimulus package’s allocation has been disbursed. He said that of this total, RM4.02 billion or 57.9% involving 43,681 projects have been offered to successful contractors while the remainder was in […]
Stimulus package site launched
PUTRAJAYA, 9 April 2009: The Finance Ministry today launched the economic stimulus package website which enables the public to get details and the latest information on the two stimulus packages announced recently. The website at www.rangsanganekonomi.treasury.gov.my provides a breakdown of the allocations by ministries, and further details for each state. “The website will detail the […]
A bigger and better stimulus plan
By Anna TaingTHE RM60 billion mini budget tabled in Parliament on Tuesday, 10 March 2009 is by far a better and more comprehensive package than the first RM7 billion plan that was announced last November. But then again, the economic environment today has taken a turn for the worst compared to a few months ago, and there […]
Package to stave off economic downturn
KUALA LUMPUR, 10 March 2009: The government today unveiled its second economic stimulus package totalling RM60 billion, comprising initiatives and ideas to invigorate vital sectors to maintain the people’s welfare and prosperity in the face of the global economic downturn. Deputy Prime Minister and Finance Minister Datuk Seri Najib Razak, when tabling the package in […]
Immediate implementation of economic stimulus
PUTRAJAYA, 3 Feb 2009: Datuk Seri Abdullah Ahmad Badawi wants all plans for the economic stimulus packages to be implemented immediately. The prime minister said the first stimulus package and the yet-to-be announced second package were efforts to stimulate the country’s economy to cushion the effects of the global economic meltdown. They were also preparations […]
RM5bil from stimulus package transferred
PUTRAJAYA, 22 Jan 2009: The Deputy Prime Minister Datuk Seri Najib Razak said RM5 billion out of the RM7 billion from a government economic stimulus package has been transferred to various ministries and agencies. Najib, who is also Finance Minister said, another RM2 billion would be transferred by next week. “The entire RM7 billion will […]
