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Finance minister: Govt channelled RM66m in grants, loans for digitalisation services subscription as of May 14 | Malaysia

Thursday, 27 May 2021 08:01 PM MYT Finance Minister Datuk Seri Tengku Zafrul speaks during an interview with Reuters in Putrajaya, April 5, 2021. Reuters pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, May 27 The government has channelled RM66 million to 13,865 small and medium enterprises (SMEs) and mid-tier companies in the form of grants and loans for subscription to digitalisation services as of May 14. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said for the National Economic Recovery Plan (Penjana) micro credit financing under Bank Simpanan Nasional, a total of RM421.2 million had been distributed which benefited 12,666 micro SMEs, including those in the retail and services sectors.

Muhyiddin: Use freedom wisely

PETALING JAYA: Tertiary students should use the space and freedom the government has granted them wisely, says Tan Sri Muhyiddin Yassin. Speaking during a Facebook live session yesterday with the National Student Representative Council (MPPK), the Prime Minister urged student leaders not to be blinded by emotions nor be incited by other parties. The MPPK addressed several issues varsity students faced during the virtual meeting, which was chaired by Muhyiddin and attended by other members of the Cabinet. These include Higher Education Minister Datuk Seri Dr Noraini Ahmad, her deputy Datuk Dr Mansor Othman, Education Minister Datuk Dr Mohd Radzi Md Jidin, Senior Minister Datuk Seri Azmin Ali, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Chief Secretary to the Government Tan Sri Mohd Zuki Ali.

Covid-19 and unemployment

Enhancing employability: The ministry’s GREaT portal ensures that students and graduates have all the information they need at their fingertips. - File photo THE Covid-19 pandemic has caused Malaysia’s economic activities to slow down due to the implementation of the movement control order since March last year. This was followed by MCO 2.0 which started last month. The situation has affected the country’s unemployment rate. According to the Department of Statistics Malaysia (DOSM), the country’s unemployment rate dropped to 4.8% in the fourth quarter, after recording the highest quarterly unemployment rate of 5.1% in the second quarter of last year.

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