Government reveals RM40 billion PEMERKASA+ aid package including RM5 billion direct fiscal injection, with three main goals:
Increasing the capacity of the public healthcare system
Continuing the Prihatin Rakyat agenda
Supporting business continuity
Additional RM1 billion allocated to increase public health capacity to fight Covid-19, including to increase bed capacity, ICU equipment and extend contracts for more than 14,500 health personnels until 2022
Government allocates RM2.4 billion for Bantuan Prihatin Rakyat from end-June
Additional RM500 for households with monthly income of up to RM2,500. Amount to be paid in July, after RM1,000 payment in June.
Additional RM300 for households with monthly income between RM2,501 and RM5,000
Government launches bus and taxi hire purchase scheme worth RM1 billion
One-month wage subsidy programme worth RM1.5 billion for 2.5 million eligible employees, 200,000 employers
For B40s, eligible SMEs not allowed to operate during the MCO, and those who lost jobs, a three-month automatic loan moratorium or 50% payment reduction for six months is given. It is expected to assist five million borrowers and is worth RM30 billion
BNM to add RM2 billion to its SME loan facilities bearing 3.5% interest rate, bringing total amount available to RM7 billion
Hotel operators, travel and tourism agencies, shopping complexes and premises, convention centers, parks themes and local airline offices are eligible for 10% electricity bill discount for an additional three months between July and September 2021
RM68 million in one-off aid for eligible tourist guides, drivers at RM500 each
Home Ownership Campaign stamp duty exemption extended until Dec 31, 2021
Sales tax exemption period for completely knocked-down (CKD) and completely built-up (CBU) passenger vehicles extended until Dec 31, 2021, from June 30, 2021
Just like during MCO 1.0, salaries of ministers and deputy ministers for three months during June-August 2021 will be instead chanelled to Disaster Trust Fund for Covid-19 related expenditure
MARA to continue the MARA PRIHATIN Peace of Mind programme until July 31, 2021. Borrowers can apply online for either a rescheduling or moratorium of their student loan repayments.
For MARA entrepreneurs affected by the economic closure, a 30% discount is given on the rental of business premises from May to July, 2021
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