Tag: National Economic Action Council (MTEN)

Diesel Fleet Card Proposal For 17,000 Agri-Providers To Go To MTEN

PUTRAJAYA, May 25 -- The government will table a proposal at the National Economic Action Council (MTEN) to extend the subsidised diesel fleet card system to 17,000 agricultural machinery service providers in a bid to lower paddy cultivation costs. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the proposed initiative involves an allocation of about RM200 million. He said the proposal covers agricultural machinery operators, including those providing tractor, harvester, and fertiliser spreader services, who play an essential role in the country’s paddy cultivation chain. "The majority of paddy farmers rely on these agricultural service providers. Therefore, this matter will be brought to MTEN," he told reporters after launching the Kebuniti Agriculture Information Centre, known as Gardentopia, here today. Mohamad said the move was proposed following an increase in operational costs, particularly diesel costs, which affected machinery service providers and, indirectly, burdened paddy farmers. Malaysian Farmers' Brotherhood Organisation (PeSAWAH) chairman Abdul Rashid Yob reportedly said that paddy farmers are currently struggling with rising operational costs, which have dampened their motivation to continue cultivation. -- BERNAMA

PUTRAJAYA, May 25 — The government will table a proposal at the National Economic Action Council (MTEN) to extend the subsidised diesel fleet card system to 17,000 agricultural machinery service providers in a bid to lower paddy cultivation costs. Agriculture and Food Security Minister Datuk Seri Mohamad Sabu said the proposed initiative involves an allocation […]

PM Anwar Ibrahim: Government Strengthens SME Support Amid Global Supply Crisis

KUALA LUMPUR,20 MAY -- Prime Minister Anwar Ibrahim said the National Economic Action Council (MTEN) meeting yesterday heard a presentation from the Federation of Malaysian Manufacturers regarding the impact of the global supply crisis on the country’s manufacturing sector. According to Anwar, the presentation provided the Government with a clearer understanding of the current challenges faced by the industry, especially the pressure experienced by small and medium enterprises (SMEs) due to rising operational costs and global economic uncertainties. He stressed that every policy and measure introduced by the Government must reflect the realities faced by businesses on the ground to ensure effective assistance reaches the sectors most affected. To strengthen support for SMEs, Anwar said Bank Negara Malaysia has introduced the SME Stabilisation Relief Facility (SME SRF) worth RM5 billion to help businesses maintain cash flow and continue operations. In addition, assurance funding support amounting to RM5 billion through Syarikat Jaminan Pembiayaan Perniagaan (SJPP) has also been made available to support affected industries. Anwar added that MTEN is currently reviewing proposals to improve the Subsidised Diesel Control System (SKDS), with implementation to be carried out in a balanced manner to strengthen leak prevention without disrupting business operations and the country’s supply chain. He said the Government remains committed to managing the crisis by prioritising food, energy, medicine and essential supply security, while continuing efforts to reduce inflationary pressure and strengthen Malaysia’s economic resilience. The Prime Minister also emphasised that engagement with industry players and stakeholders will continue to be enhanced to ensure every policy decision is made comprehensively and in the best interest of both the people and the nation.

KUALA LUMPUR, 20 MAY — Prime Minister Anwar Ibrahim said the National Economic Action Council (MTEN) meeting yesterday heard a presentation from the Federation of Malaysian Manufacturers regarding the impact of the global supply crisis on the country’s manufacturing sector. According to Anwar, the presentation provided the Government with a clearer understanding of the current […]