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Budget 2021 – RHB Banking Group lauds support for B40 folks
KUALA LUMPUR, Nov 6: It is indeed encouraging to see much support provided to vulnerable groups, especially the B40 segment, through the continuation of fiscal stimulus packages including the enhancement to Payment Assistance for loan and financing.
“This much-needed social aid would ease the hardship faced by the rakyat, as well as support the rebuilding and strengthening of Malaysia’s social and economic threadwork.
“We also welcome the government’s targeted action plans to continue supporting and ensuring the sustenance of the worst-hit segments especially small and medium enterprises (SMEs),” said Dato’ Khairussaleh Ramli, Group Managing Director of RHB Banking Group in a statement released immediately after Budget 2021 was announced today.
According to him, as in the past, it is reassuring that the government continues to ensure that business owners are able to withstand the economic impact of the COVID-19 pandemic.
He said with an expansionary Budget in 2021, downside risks to Malaysia’s economic growth next year are likely to be more limited compared to 2020.
“At the current juncture, the three risks that we are closely monitoring are the timing of a commercial adaptation of an effective Covid-19 virus vaccine, the path of global economic growth, and volatility in global financial market conditions,” Khairussaleh added.
He said the banking group will continue to play an active role in supporting our customers throughout this challenging time. – DayakDaily