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Malaysian PM assures govt to balance survival and economic aspects

KUALA LUMPUR, Feb 21 (Bernama): Tan Sri Muhyiddin Yassin has given his assurance that the government will continue to intensify efforts to find the balance between the survival and economic aspects of the country which has yet to be declared free from the threat of the Covid-19 pandemic. The Prime Minister said the government was concerned and always listened to the views and complaints from those affected since the pandemic hit the country more than one year ago. Hence, the government has introduced various policies and initiatives, including the economic stimulus packages and most recently, the Malaysian Economic and Rakyat s Protection (PERMAI) assistance package to protect the welfare of the people and support business continuity, he said when addressing the virtual Malaysia Chinese New Year Open House 2021 on Saturday (Feb 20).

Feature: Care economy in focus as ageing trend grows

HANDLING the challenges of an ageing society will strain the nation’s resources as the number of elderly people in the country rises rapidly, population data shows. Estimations by the United Nations indicate that Malaysia will be an aged nation within a generation, with 17% of the people aged at least 80 by 2045. In the light of this trend, the care economy, which includes care for the elderly, has huge potential, says Social Wellbeing Research Centre (SWRC) director Datuk Emeritus Professor Norma Mansor. “Demand for care is only likely to increase as the population grows older, making the need for public investment in quality care jobs and services, combined with inclusive social protection systems, ever more urgent to meet future demands,” she says in an email interview with The Edge.

Finance minister: Malaysia s 2020 GDP growth better than expected | Malaysia

KUALA LUMPUR, Feb 11 Malaysia’s gross domestic product (GDP) growth for 2020 is better than expected and the country’s economy has shown various signs of recovery, said Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz. Malaysia’s GDP contracted 3.4 per cent in the fourth.

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