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Malaysia announces $58-bln stimulus package to cushion impact of coronavirus

first_img“This unprecedented situation of course requires unprecedented measures. So, my dear brothers and sisters, and the children of this beloved country… please bear with me and my friends in the cabinet and the government.”The new package largely includes one-off payments and discounts on utilities for people whose livelihoods have been affected by the pandemic, and to help small and medium-sized enterprises stay afloat and retain their staff.The government will also set up a 50 billion ringgit loan scheme for larger companies, which will offer guarantees of up to 80% of the sum borrowed to shore up working capital in the corporate sector.About 128 billion ringgit will be spent on public welfare measures, with 100 billion used to support businesses.The package is in addition to a 20 billion ringgit stimulus plan announced last month. Topics : Malaysia announced a stimulus package worth 250 billion ringgit ($58.28 billion) on Friday, its second in a month, to help cushion the economic blow from the coronavirus pandemic.The number of confirmed infections in Malaysia has doubled this week to over 2,000, the highest in Southeast Asia, with 23 deaths. The government has extended curbs on travel and movement until April 14 in an attempt to contain its spread.”We are a nation at war with invisible forces. The situation we are now facing is unprecedented in history,” Prime Minister Muhyiddin Yassin Muhyiddin said in a televised address to announce the support package.last_img read more

Moyes writhes in United hot seat

first_img In fact, United were lucky to get away without being given a really good hiding. Other than a 1-0 win against Arsenal, United have not won a game against any of the top nine sides in the Barclays Premier League. Moyes knew he would have a tough task on his hands emulating the achievements of Sir Alex Ferguson, but he never thought it would be this difficult. “The job was always going to be hard,” the United manager said. “Harder? Yes I would say so yes.” The United fans have stuck by Moyes and there were no audible boos at the final whistle on Sunday. Moyes knows performances and results will have to improve for that to continue though. “Results will always dictate that but I can only tell you what I’ve seen today and the supporters were terrific,” the Scot said. David Moyes admits being Manchester United manager is harder than he ever imagined. United were an incredible 29 points ahead of Liverpool this time last year, but now they trail their old foes by 14 points. The Merseysiders are almost certainly out of United’s reach now and Moyes’ focus is now set on an another improbable task – qualifying for the Champions League. United are 12 points adrift of the top four having played two more games than their neighbours. The United manager has not given up hope of finishing in the top four, however. “It will be very difficult but it’s not over yet so we have to keep working as hard as we can towards trying to do it,” the former Everton manager said. “I’ve been saying for a while we’ve given ourselves a long task and a long road to try to get back in it.” United’s next difficult task is to try to overcome a two-goal deficit in Wednesday’s Champions League match with Olympiacos at Old Trafford. Moyes added: “The players are capable of turning it around. It’s something to go for, it’s another game and we’ll do everything possible to make that work.” Meanwhile, United striker Wayne Rooney described Sunday’s defeat to Liverpool – in which Steven Gerrard scored two penalties and Luis Suarez was also on target – as one of the darkest days of his career. “It’s one of the worst days I’ve ever had in football,” Rooney told MUTV. “It’s hard to take. You have to give Liverpool credit – they played well – but it’s difficult to take. Nobody wants to lose, especially in this way, in your own stadium. It’s not nice.” Moyes’ dismal debut season sank to a new low on Sunday when Liverpool eased to a 3-0 win at Old Trafford. There was nothing fortuitous about Liverpool’s first win at United’s famous home stadium in five years. Press Associationlast_img read more

Jamaican-Queen Counsel pleads guilty, to be sentenced next year

first_imgPORT OF SPAIN, Trinidad  – A High Court Judge has set January 16 next year as the date for sentencing Jamaican-born British Queen’s Counsel, Vincent Nelson, who pleaded guilty to his role in the high profile case involving a former attorney general and an opposition legislator.During a two-hour in-camera session on Thursday, Justice Malcolm Holdip accepted the plea agreement deal between the Office of the Director of Public Prosecutions (DPP) and Nelson, who was indicted on three counts of conspiring to commit money laundering, misbehavior in public office and conspiracy to commit an act of corruption.The charges are related to the alleged kickback of millions of dollars (One TT dollar=US$0.16 cents) in legal fees to former attorney general Anand Ramlogan and attorney Gerald Ramdeen as a “gift” for receiving State briefs. Nelson will now be the state’s witness in the case.Ramlogan and Ramdeen have been released on bail totaling TT$2.7 million after being jointly charged with conspiracy to contravene Section 3 of the Prevention of Corruption Act; conspiracy to contravene Section 45 of the Proceeds of Crime Act and conspiracy to misbehave in public office.Earlier this week, in his application to have the matter heard without the presence of the media, the DPP, Roger Gaspard said Nelson would have agreed to turn state witness against Ramlogan and Ramdeen and that since the charges against all three arose from the same factual origin, there was “some symmetery” in Nelson’s case and the case against the other two.“That type of symmetry makes for a heightened degree of sensitivity as far as the carriage of this and those related matters,” he said, adding “one has to be especially careful to ensure that nothing is done to attract the issue of adverse pre-trial publicity for any of the subjected related parties”.The judge accepted the plea agreement and in accordance with section 26 of the Criminal Procedure (Plea Discussion and Plea Agreement) Act, and Nelson will now be sentenced on January 16.In accordance with the provisions of the recently-proclaimed Criminal Procedure (Plea Discussion and Plea Agreement) Act, certain steps are to take place before the judge signs off on the agreement.These include the disclosure by the prosecution the substance of and reasons for the agreement and before accepting it, the judge has to ensure an accused was not induced to enter the agreement and knows of the consequences of it.The judge also has to ensure that the agreement is justifiable.Ramlogan and Ramdeen are to re-appear in a magistrate’s court on June 28.last_img read more