SUNGAI PETANI, 30 March 2009: The Housing and Local Government Ministry will expedite projects meant to upgrade infrastructure in 157 new villages nationwide, said its minister Datuk Seri Ong Ka Chuan. He said the under the Second Stimulus Package announced recently, the government had allocated RM30 million for the purpose. Ong told this to reporters […]
second stimulus package
Only 16 people have applied for PhD programme
PUTRAJAYA, 17 March 2009: The Higher Education Ministry has received 16 applications to pursue doctorate degree under a special scheme announced in the second stimulus package last week. Minister Datuk Seri Mohamed Khaled Nordin said no applications received for the master’s degree so far. There was no closing date for the programme but candidates would […]
Concern over financial matters
Translation by Leong Lai MingFOR 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 […]
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 […]
“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 […]
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 […]
