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Experts: Okay to tap KWAN for vaccines if there's transparency


PETALING JAYA: Taking money from the National Trust Fund to finance the vaccination rollout makes sense given the urgency of the situation, say some economists.
Others, however, said that measures such as increasing the country’s debt ceiling limit were viable alternatives to fund the inoculation programme.
Asian Institute of Medicine, Science and Technology University vice-chancellor Prof Datuk Dr John Antony Xavier said enabling a speedy vaccine rollout is a “golden reason” to use money from the National Trust Fund (KWAN).
“If we do not use the money now for an urgent medical purpose to save lives, then when are we going to use it? ....

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Relaxed i-Sinar rules a welcome relief


Easier: The decision to remove conditions on i-Sinar eligibility was taken into consideration after public feedback.
PETALING JAYA: The move to relax the i-Sinar withdrawal facility will bring much relief to those working in sectors hardest hit by the effects of the Covid-19 pandemic, say economic analysts.
“This is a wise move. When the original requirement was stipulated, we could not have guessed that a second round of the movement control order (MCO) was implemented, ” said Asian Institute of Medicine, Science and Technology (AIMST) University vice-chancellor and economist Prof Datuk Dr John Antony Xavier.
On Thursday, Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz said the Employees Provident Fund (EPF) is working towards removing all conditions for the i-Sinar withdrawal facility. ....

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Stimulus packages cushioning blow


PETALING JAYA: The various stimulus packages implemented by the Perikatan Nasional government will help businesses and Malaysians from different backgrounds persevere through the socio-economic effects of the Covid-19 pandemic, say economic experts.
Prof Datuk Dr John Antony Xavier, vice-chancellor and chief executive of Asian Institute of Medicine, Science and Technology (AIMST) University, said the government had introduced five economic stimulus packages to weather the impact of the pandemic.
These include the latest RM15bil Malaysian Economic and Rakyat’s Protection Assistance Package (Permai), comprising 22 initiatives.
“Combined, they constitute about RM320bil or 20% of the gross domestic product (GDP), causing the widening of the fiscal deficit to about 6%, ” he said. ....

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