KUALA LUMPUR: The government has provided a total allocation of RM200 million in efforts to address the impact of floods and activation of all disaster networks of Government-Linked Investment Companies (GLICs) and Government-linked companies (GLCs).
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the Ministry of Finance (MoF) will expedite the distribution of RM50 million to the National Disaster Management Agency (NADMA) and National Disaster Relief Trust Fund (KWABBN) to ensure the continuity of assistance to households affected by the floods.
He said the government will also increase the rate of financial aid to RM1,000 from RM500 for each household affected by the Northeast Monsoon or other natural disasters declared by the Central Disaster Management Committee.
In a statement today, he said the government will also provide an initial allocation of RM100 million in preparation for recovery post-floods.
"The Federal government will continue to cooperate with the state governments in efforts to repair houses and public infrastructure that were damaged by the floods," he said.
Besides that, for a start, he said a total of RM50 million has been set aside by GLICs and GLCs, comprising matching grants amounting to RM25 million from the government and RM25 million allocation from the GLICs and GLCs.
"The RM50 million allocation will be activated through GLC/GLIC Disaster Recovery Network (GDRN) to help the flood victims. Towards this end, since Dec 17, 2021, GDRN has started to monitor the flood situation nationwide," he said.
Tengku Zafrul said GLICs/GLCs which are part of GDRN have gone to the ground to distribute aids, including the Employees Provident Fund (EPF) which provided the EPF educational centre which has 152 rooms as a temporary evacuation centre (PPS) for flood victims.
"Telekom Malaysia (TM) meanwhile has activated the crisis command centre nationwide and its PAKAR Semboyan team is ready to provide communication assistance and emergency services involving Internet and telephone lines across the nation.
"Pharmaniaga and MASKargo are aggressively sending aids to the PPS for flood victims while Yayasan Sime Darby is extending assistance to workers and community living in plantations under Sime Darby Plantations," he said.
He added that the government will continue to monitor the situation and MoF specifically is always prepared to provide sufficient allocations to help the flood victims immediately.
-- BERNAMA
Bernama
Sun Dec 19 2021
Tengku Zafrul said the MoF will expedite the distribution of RM50 million to the National Disaster Management Agency (NADMA) and KWABBN. - BERNAMA photo
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy
The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Economic outlook: Corruption and lack of accountability hinder economic progress
Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
National Wages Consultative Council will be strengthened
The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Economic outlook: Ensuring 11 years of compulsory education for all children
Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024
The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.