KUALA LUMPUR (Feb 5): Bank Negara Malaysia (BNM) announced today an additional allocation of RM2 billion for the Targeted Relief and Recovery Facility (TRRF) and the establishment of a RM200 million Disaster Relief Facility (DRF) 2021.
BNM said in a statement it would increase the allocation for the TRRF by another RM2 billion, increasing the total allocation of the facility to RM4 billion.
The facility will be available until Dec 31, 2021 or full utilisation, whichever is earlier, it said.
The bank also noted that small and medium enterprises (SMEs) that are recipients of the Special Relief Facility and PENJANA SME Financing are now eligible to apply for the TRRF, subject to a total financing limit not exceeding RM500,000.
ASEAN Weekly Disaster Update Week 2, 11 - 17 Jan 2021
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REGIONAL SUMMARY:
A total of 33 disasters (26 floods, 4 landslides, 1 earthquake, 1 volcanic eruption, 1 wind) affected the region in the second week of 2021. Indonesia, Malaysia, and the Philippines have been reportedly affected. Multiple hazards have imposed risks to Indonesia as reported by the Badan Nasional Penanggulan Bencana (BNPB) flooding, earthquake, landslide, volcano, and the Covid-19 pandemic. Flooding was reported in Eastern Malaysia by the Agensi Pengurusan Bencana Negara (NADMA). Lastly, the Inter-Tropical Convergence Zone near Mindanao brought rains and winds that caused flooding and landslide as reported by the Department of Social Welfare and Development (DSWD).
Floods: Those from red zones not encouraged to come
December 20, 2020
Photo courtesy Agensi Pengurusan Bencana Negara
KEMAMAN – Individuals or any non-governmental organisations (NGOs) from COVID-19 red zones are not encouraged to come to Terengganu to deliver aid to flood victims.
Terengganu police chief, Datuk Roslee Chik said, currently, the total 6,087 personnel from 16 agencies was still ample for flood rescue and aid operations in Terengganu.
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“If there are NGO which still want to come and give assistance, they must register with the district office, Social Welfare Department or the nearest police station so we know which zone they are from.
IN his current job, Finance Minister Datuk Seri Tengku Zafrul Aziz seems to be cycling uphill against a strong headwind in the cold night.
Formulating an expansionary budget with a tight fiscal position to lift the nation out of an unprecedented economic and health crisis is already a challenge for the former banker. An added hurdle is that the current government does not have a strong majority in parliament to enable the proposed budget to be passed and executed swiftly.
The demanding job specification spurred Zafrul to work harder than ever before. “It has been crazy. My team slept here at the Ministry of Finance (MoF) for several weeks in the run-up to the budget speech. Many of us survived on four hours of sleep per night over the last month,” he tells The Edge in an interview.