KUALA LUMPUR (Dec 26): The government has agreed to relax the procurement method for flood recovery efforts this year, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said. He said an initial allocation of RM100 million had been provided for post-flood recovery efforts, including cleaning and repairing housing areas and public infrastructure. "To expedite and facilitate the implementation of post-flood recovery activities, the Ministry of Finance (MoF) on Dec 21, 2021 issued guidelines on the relaxation of procurement method for repair works on infrastructure and public facilities damaged by floods," he said in a statement on Sunday (Dec 26). The MoF, through an updated report, shared some provisions and additional measures that have been taken by the government to address the impact of the floods this year. Read also:BSN’s interest-free personal loan increased up to RM10,000 for flood victimsBNM’s disaster relief facility increased to RM500 mil for flood-hit MSMEs, says MoF

Source: The Edge Markets December 26, 2021 18:38 UTC