Month: July 2021

Procter & Gamble has announced continuing to #ChooseEqual with new actions to accelerate progress toward gender equality at home, at work and in society.

As part of this expansion of their work, P&G is committing to spend US$10 billion with women-owned and women-led businesses by 2025, according to a statement. (US$1 = RM4.155)

P&G has worked for decades to advance women’s economic empowerment throughout its global value chain, and the announcement is the next step in that journey.

The company’s ambition over time is to grow investment with these women-owned and led businesses to 10 per cent of P&G’s purchasing dollars – 10 times the industry average.

To drive meaningful action at scale, P&G is partnering with several organisations to accelerate progress and drive change, including UN Women, WEConnect International, Women’s Business Enterprise National Council (WBENC), and the Women’s Forum for the Economy & Society.

Together with their global, regional, and local partners, P&G is supporting capability building of women entrepreneurs; further developing the tools, definitions and infrastructure needed; and driving collaboration across companies and industries to join in and advance these efforts.

In partnership with Promundo and in collaboration with others, P&G will also advocate for and support working families through equality-based policies and programmes that enable all genders to play an equal role at home while still enjoying a full and rewarding career.

Additionally, ahead of this year’s Olympic and Paralympic Games in Tokyo, P&G and its brands will highlight the stories, experiences and inspirational accomplishments of a diverse and intersectional collection of women athletes through new company and brand campaigns.

This week, P&G joins public and private sector leaders at the Generation Equality Forum which is taking place in Paris, France but held virtually.

Source: BERNAMA News Agency

Giving food aid baskets worth RM300,000 directly to the Members of Parliament (MPs) could expedite delivery to the needy recipients, said Santubong MP Datuk Seri Dr Wan Junaidi Tuanku Jaafar.

He said each parliamentary constituency had its own service centre with data on the number of poor families, besides understanding the needs of the residents there.

“The delivery process will be faster because of lesser bureaucracy, unlike if it has to go through certain parties or ministries.

“The MPs have teams at their respective service centres and surely they are closer to the constituents, while I feel the government has also learned from the delivery of food baskets previously, hence there’s the need to speed up the process,” Wan Junaidi, who is also Entrepreneur Development and Cooperatives Minister, said today.

Through the National People’s Well-Being and Economic Recovery Package (PEMULIH) announced by the government on June 28, RM300,000 has been allocated to each MP including from the Opposition for food baskets to be given to the affected groups in their respective areas.

Prime Minister Tan Sri Muhyiddin Yassin in making the announcement said the measure was taken as the government realised the importance of basic essentials for the people and had thus set aside political differences in delivering aid.

A sum of RM10 million has also been allocated for food aid for the Orang Asli.

Source: BERNAMA News Agency

The Congress of Unions of Employees in the Public and Civil Services (CUEPACS) has recommended the Public Sector Home Financing Board (LPPSA) to also defer repayment of housing loans by civil servants for six months, as being done by financial institutions under Bank Negara.

Its president, Adnan Mat said this was necessary as the grounds given by LPPSA that civil servants and government retirees are receiving full salaries and pensions, hence able to cover their monthly expenses, was no longer relevant.

The reason being that not all the spouses of civil servants are also government employees, he said, adding that more than 50 per cent work of them are working in the private sector, run small businesses and are full-time housewives.

However, with the implementation of the movement control to curb the spread of COVID-19 outbreak since last year, he said, some of them had lost their jobs, loss of income and those with business forced to cease operation.

“Apart from that, most civil servants applied for the LPPSA loans by submitting joint income with their spouses. Otherwise, their (civil servants) financing applications will not get the approval easily, what more with the high price of houses now.

“If LPPSA allows its borrowers to defer their loan repayments, they will have excess money that can be used to re-plan their finances,” he said in a statement here today.

When announcing the National People’s Well-Being and Economic Recovery Package (PEMULIH), worth RM150 billion, last week, Prime Minister Tan Sri Muhyiddin Yassin said a six -month moratorium would be given to all borrowers, covering those in the B40, M40 or T20 groups and micro entrepreneurs to help them deal when the challenges of the COVID-19 pandemic.

Source: BERNAMA News Agency