From Moratoriums To Subsidies Business Group Makes Lockdown Wish List


 
The association also called for soft loans to be given to businesses, and a six-month wage subsidy programme for all industries, except those which remain open.PETALING JAYA: Loan moratorium, wage subsidy and discounts on utility bills are among the initiatives a major business group wants the government to introduce to help companies survive the two-week lockdown.
In a statement, the Federation of Malaysian Business Associations (FMBA), which comprises a coalition of business groups, said they welcomed the total lockdown which begins on June 1 owing to the worsening Covid-19 situation.
But it said this will bring domestic demand to a halt and have an impact on unemployment, disposable incomes, and investments.
So, FMBA proposed five initiatives the government could take to mitigate the economic risks of the lockdown, namely, an automatic loan moratorium, financial support, wage subsidies, statutory exemptions, and subsidies on utilities.
The association called for the loan moratorium to be similar to that given last year, but this time with zero-interest, and to be extended for seven months, that is until Dec 31.
“It must also include credit and leasing companies, which were not included during the first movement control order (MCO) moratorium.”
It added that only businesses which remained fully operational, like those in the manufacturing, healthcare, and rubber gloves sector should be excluded.
According to FMBA, publicly available data shows the top eight local banks made a total of RM93 billion in profit over the past three years.
“So, given the first moratorium costs banks only RM6.4 billion, another moratorium would only cost banks a fraction of their profits.”
The association also called for soft loans to be given to businesses, and a six-month wage subsidy programme for all industries except those which remain operational.
Under their proposal, FMBA wants a 70% wage subsidy for all staff earning less than RM4,000 and a 30% subsidy (capped at RM3,000) for those who earn above RM4,000.
“(Also) freeze all statutory requirements until Dec 31. This includes, but is not limited to, EPF, Socso, Employment Insurance System, sales and service tax, quit rent, assessment, Companies Commission Of Malaysia submissions, Inland Revenue Board instalments, and foreign worker levy payments among others.”
FMBA also proposed that a 50% discount be given on telecommunication and broadband bills, with non-essential businesses also allowed a 100% waiver for three months.
The finance ministry is expected to announce financial aid for the people and businesses affected by the total lockdown soon.
Earlier this month, with the number of Covid-19 cases on the rise, FMBA said it supported “lives over livelihoods” and that its members were “ready to bite the bullet for the sake of the nation and the people.”
They also called for the National Security Council (MKN) and other relevant authorities to work with the private sector in drawing up tightened SOPs.
FMBA represents 262 business associations and chambers of commerce, comprising 950,000 companies from different sectors, and which employs more than seven million people. - FMT


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/05/from-moratoriums-to-subsidies-business.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+M

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Amirudin Says Mbs Cms Excluded From Tomorrow S Nsc Meeting On Total Lockdown In Malaysia

Amirudin Says Mbs Cms Excluded From Tomorrow S Nsc Meeting On Total Lockdown In Malaysia

papar berkaitan - pada 21/5/2021 - jumlah : 309 hits
Selangor Mentri Besar Datuk Seri Amirudin Shari speaks during a press conference in Shah Alam May 19 2021 Picture by Yusof Mat IsaKUALA LUMPUR May 20 Selangor Mentri Besar Datuk Seri Amirudin Shari said the National Security Council meeting...
So What Can Open And What Can T From June 1 Under Mco 3 0 Here S A List Of Industries

So What Can Open And What Can T From June 1 Under Mco 3 0 Here S A List Of Industries

papar berkaitan - pada 30/5/2021 - jumlah : 308 hits
Ismail Sabri Yaakob KUALA LUMPUR The food and beverage industry along with health services water and energy utilities transport including ports and airports will be among the essential services sectors allowed to open during the third move
Total Lockdown Children 12 And Under Barred From Public Areas

Total Lockdown Children 12 And Under Barred From Public Areas

papar berkaitan - pada 2/6/2021 - jumlah : 327 hits
Children aged 12 and below have been barred from public areas during the total lockdown with four exceptions The exceptions are for seeking treatment education exercise or in the event of emergencies Children aged 12 and below are not allow...
Essential Services List What Businesses Can Open During Total Lockdown

Essential Services List What Businesses Can Open During Total Lockdown

papar berkaitan - pada 31/5/2021 - jumlah : 340 hits
Defence Minister Ismail Sabri Yaakob today announced all economic and social sectors except those on the essential service list will not be allowed to operate under the total lockdown that will come into force next Tuesday They include offi...
Lockdown 800 Roadblocks Nationwide From June 1

Lockdown 800 Roadblocks Nationwide From June 1

papar berkaitan - pada 30/5/2021 - jumlah : 240 hits
There will be 800 roadblocks mounted nationwide once the total lockdown is enforced on June 1 compared to 600 currently Home Minister Hamzah Zainudin said He said 70 000 members of the police force and agencies under the Home Ministry will ...
Sunday Lite The Final Lockdown

Sunday Lite The Final Lockdown

papar berkaitan - pada 30/5/2021 - jumlah : 297 hits
Kepada sdra penyanyi syabas dan tahniah Cuma saya mohon sdra letakkan atau tulis nama sdra secara clear dan jelas sepanjang video so that orang akan kenal penyanyi berbakat Terima kasih By Syed Akbar Ali
Total Lockdown Adakah Kalian Bersedia

Total Lockdown Adakah Kalian Bersedia

papar berkaitan - pada 30/5/2021 - jumlah : 206 hits
BOB KELANANG Satu perkara jelas yang menjadi persoalan seluruh rakyat yang terkesan adalah apa tindakan proaktif Kerajaan Malaysia dalam membantu rakyat menghadapi Total Lockdown 3 0 ini setakat apa yang dilihat tiada apa pun tindakan tunta...
Tidak Perlu Lockdown Jika Proses Vaksin Tidak Lembab

Tidak Perlu Lockdown Jika Proses Vaksin Tidak Lembab

papar berkaitan - pada 30/5/2021 - jumlah : 191 hits
tidak perlu lockdown jika proses vaksin tidak lembabOleh May 30 2021Tindakan mengisytiharkan Perintah Kawalan Pergerakan penuh atau lockdown tidak diperlukan sekiranya suntikan vaksin dipercepatkan sejak beberapa bulan lalu Ketua Pembangkan...
Maksud Total Lockdown Dan Perbezaannya Dengan Pkp

Maksud Total Lockdown Dan Perbezaannya Dengan Pkp

papar berkaitan - pada 30/5/2021 - jumlah : 419 hits
Perintah berkurung atau lockdown adalah perintah yang tidak membenarkan sesiapa pun melakukan sebarang aktiviti di luar kediaman Tiada langsung pergerakan di luar termasuklah untuk membeli makanan dan keperluan Berbeza dengan PKP yang masih...
What We Know So Far About The Putra Heights Inferno

Affected Residents Tend To See Putra Heights Gas Pipeline Tragedy As A Waiting To Happen Man Made Disaster

Wanita Maut Ditikam Suami Di Leher

Raja Muda Selangor Titah Mangsa Kebakaran Ditempat Di Lokasi Lebih Selesa

Zafrul As Bam President Filling Big Shoes Or A Risky Gamble

Eplacement Kkm Tarikh Baru Permohonan 2025

Siasat Terperinci Dijalankan

Cidb Retracts Statement On Putra Heights Blast Findings


echo '';
Info Dan Sinopsis Drama Berepisod Dendam Seorang Madu Slot Tiara Astro Prima

10 Fakta Biodata Amira Othman Yang Digosip Dengan Fattah Amin Penyanyi Lagu Bila Nak Kahwin

5 Tips Macam Mana Nak Ajak Orang Kita Suka Dating Dengan Kita

Info Dan Sinopsis Drama Berepisod Keluarga Itu Slot Lestary TV3

Bolehkah Manusia Transgender Mencapai Klimaks Selepas Bertukar


Naik Kerja Dah

Petai Tua Jering Muda

Rayola Angok Dimato Uda Chord

Latihan Menulis Prasekolah Asas Menulis A Z 1 10

Think Different A Modified Ariel Leader From England

20 Agensi Mula Siasat Kebakaran Paip Gas Putra Heights