KUALA LUMPUR: The announcement that Malaysia will enter the 'Transition to Endemic" Phase and the reopening of the country's borders from April 1 bodes well for Malaysia's recovery process.
National Recovery Council (MPN) chairman Tan Sri Muhyiddin Yassin said this was especially true for sectors badly affected by the COVID-19 pandemic such as the tourism and commercial industries.
"Malaysia plays an important role in the global supply chain and the prolonged closing of borders would definitely affect Malaysia's standing and competitiveness at the international trade level.
"Insya-Allah with the reopening of our borders, Malaysia will always be on the right track for the economic recovery, which is projected to grow between 5.5 to 6.5 per cent for 2022," he said in a statement here today.
Prime Minister Datuk Seri Ismail Sabri Yaakob announced today that the country would be entering the 'Transition to Endemic' Phase and the reopening of borders from April 1.
Ismail Sabri said the decision was made after taking various factors into consideration, and conducting risk assessments and obtaining feedback from the Health Ministry and the recommendation of the Quartet of Ministers.
Muhyiddin, who welcomed the announcement, said the decision was in line with the recommendation of the council on Feb 8.
He also hoped that the standard operating procedure (SOP), especially at the Johor-Singapore border entry points would not be burdensome and would be easily understood. He also urged those wishing to travel across borders to comply with the set SOPs.
"With the transition, it is hoped that Malaysians will continue to practise new norms and be resilient in ensuring that their families are protected. For those who have yet to get their booster shots, I urge the to do so as soon as possible to protect themselves from the virus' serious effects.
"Let us together use the momentum of the border reopening to continue efforts to restore our country's economy. I pray that Malaysia will continue to recover and be protected by Allah SWT," he added.
-- BERNAMA
Bernama
Tue Mar 08 2022
The announcement that Malaysia will enter the 'Transition to Endemic" Phase and the reopening of the country's borders from April 1 bodes well for Malaysia's recovery process, said National Recovery Council (MPN) chairman Tan Sri Muhyiddin Yassin.
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.