Lau Zheng Zhou
Contributions
-
Stimulating an Artificially Suppressed Demand
As the pandemic has moved from Asia to Europe and the United States, governments are faced with a similar policy dilemma: bringing industry and supply chain to a halt, and risking a recession that could inflict lasting damage on their economies; or allowing the virus to spread and prolonging the health crisis that has since claimed more than 16,000 lives.
-
i-Lestari as Stop-Gap Measure While The Economy Returns to Normalcy
Public responses are mixed following the Prime Minister’s announcement on 23 March 2020 to allow Employees Provident Fund (EPF) members to make withdrawals from their second account as part of the government’s strategy to cushion the impact of Covid-19 on households. The aptly named withdrawal facility i-Lestari, translated as “sustainability”, allows depositors under the age of 55 to withdraw up to RM500 each month for the next 12 months.
