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THE EDGE MARKETS – PEMULIH measures can be executed quickly, says Bank Pembangunan
Monday, 28 June 2021

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) has lauded the government's latest RM150 billion economic stimulus package for Malaysian affected by Covid-19, saying it is much needed and timely.

BPMB president and group chief executive officer Arshad Mohamed Ismail said he believes the measures introduced under the PEMULIH package can be executed quickly to provide relief to the economy.

"Faster reopening of non-essential economic sectors supported by the government's plan to increase budget allocation for vaccine purchases with more vaccination centres and various modes of inoculation programmes will accelerate domestic economic activities further.

"As a development financial institution, we understand that the impact of Covid-19 has been deeply felt by our communities within and beyond the bank. Significant hardship has struck many, resulting in unemployment or reduction in business for small and medium enterprises," he said.

"While we are hopeful for an economic rebound to occur in the near future, as a responsible corporate citizen, BPMB is cognisant of the need for all industry players to play a more active role in the meantime to help our community weather the storm. Thus, we hope that together with the government, we can all work hand-in-hand to revitalise Malaysia's economic health and return to normalcy," he added.