I am glad the government has finally issued Sukuk PRIHATIN worth RM500 million as part of recovery packages in dealing with COVID-19 pandemic. In Europe, there was a talk of pandemic bond since day one. A little late in issuing the bond, it is still a morale boost for Islamic finance. Moreover, the short term economic recovery plan (ERP) are sustainable and green - fund SME businesses especially for women, improvement of school broadband facilities in rural areas, as well as research grants for infectious disease. It echoes the global sentiments regarding the crisis in providing help in three most important areas: food, medicine and safety.
There is also provision for gig workers under the ERP with 40 initiatives. Job security, re-skilling and easing cash flow for business are among them. The policies will support the growth of gig economy and welfare of gig workers. A quick summary here.
You can find pandemic bond and gig economy articles on my previous posts.
Pic. Malaysia. The Twin Tower.
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