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Cash assistance under Pemerkasa to boost consumer sentiment, says MIDF Research

Sumary of Cash assistance under Pemerkasa to boost consumer sentiment, says MIDF Research:

  • Prime Minister Tan Sri Muhyiddin Yassin announced yesterday that under Pemerkasa, this cash assistance would be paid to recipients affected by the pandemic as well as the lower income group…
  • — AFP pic KUALA LUMPUR, March 18 — The nearly RM8 billion cash assistance announced under the Strategic Programme to Empower the People and Economy (Pemerkasa) yesterday is expected to boost consumer sentiment and spending, said MIDF Amanah Investment Bank Bhd Research (MIDF Research)…
  • “We expect the cash assistance to boost consumer sentiment and spending due to the higher on-year allocation, which is likely to benefit the consumer sector at large,”..
  • On the government announcement pertaining to the RM700 million Wage Subsidy Programme 3.0 for additional three months for companies that have to close during the movement control order (MCO), MIDF Research expected the programme to potentially benefit retailers….

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