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Payment being finalised to MySejahtera app developers, says PM

KUALA LUMPUR: Putrajaya is finalising payment to developers of the MySejahtera app after its Corporate Social Responsibility (CSR) model expired on March 31 this year, says Prime Minister Datuk Seri Ismail Sabri Yaakob.

He said this in a written reply dated Sept 21 to Alice Lau (PH-Lanang), who asked how much the MySejahtera app cost.

Ismail said no payments had been made to the developers yet.

"However, in line with the importance of MySejahtera as a national app in the Covid-19 pandemic management that can still be improved, the government decided to make payments beginning April 1,"he said.

Ismail said the Malaysian Administrative Modernisation and Management Planning Unit (Mampu), is currently finalising payment methods and details toget

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Too early to predict | The Star

WHILE banking stocks have so far acted negatively to the Finance Ministry’s (MoF) instruction to get banks working on exempting interest payments for moratorium borrowers, observers say it is too early to predict the exact impact on banks.

“We await the announced outcome and allow banks to distil the impact and/or provide some pushback,” CLSA banking analyst Peter Kong tells clients in a report.

Hong Leong Investment Bank (HLIB) analyst Chan Jit Hoong says he is making no change to his earnings forecasts for banks at the moment “till we gather more updates from banks.”

It is understood that the banks themselves are awaiting more instructions from Bank Negara on the matter.

On Tuesday, the MoF said in a statement that it had instructed banking institutions to quickly work on exemption of interest rate payments for r

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