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STAYING IN BUSINESS WITH GOVT AID

SURVIVE the Covid-19 pandemic – this is the main concern of industries big and small. At a time when business is slow and the need to comply with strict SOPs has stifled operations, staying afloat is all that matters. To do so, businesses count on the Government and its many incentives and assistance plans to tide over these challenging times. The latest National People’s Well-Being and Economic Recovery Package (Pemulih) worth RM150bil announced on June 15 is to help people and businesses through Phases Two, Three and Four of the National Recovery Plan. (The country will move on to Phase Two of the National Recovery Plan when three indicators are met: the number of daily Covid-19 cases drops to below 4,000; the rate of bed usage in hospital intensive care units is at a moderate level; and 10% of the population have received two doses of the vaccine.)

In tight spot after big pay cut

In tight spot after big pay cut Pix for representational purpose only. PETALING JAYA: Under the Code of Conduct for Industrial Harmony, salary cut is a strategy with the objective to create a win-win situation for employer and employee. But to the employees, that is an irony, especially for those whose income has dropped so low that it is no longer possible to see their family through the month. To be fair, businesses are not swimming in excess cash either. By adopting pay cuts, they will be able to carry on a little longer, hopefully to a point where the economy recovers and full operations can resume, Malaysian Employers Federation (MEF) president Datuk Dr Syed Hussain Husman told

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