News by theedgemarkets.com

"Given the liquidity that we have in Malaysia, it is not an issue for us to support the stimulus package injection."

For a married couple operating a hawker stall, with household earnings below RM4,000 per month, they will receive a one-off payment of RM1,600 by May, on top of the RM600 Cost of Living Aid that is due in July.

Let's say you're part of a married couple working in the private sector, with a household income of between RM4,000 and RM8,000 per month.

“Amid these critical times, it is important to ensure that the supply of food is sufficient. The government will allocate RM1 billion to the food security fund."

The collaboration is to facilitate the research on a novel antiviral drug called Remdesivir, which, according to Dr Noor Hisham, has been identified as a possible medicine to treat COVID-19 patients.

Retired civil servants are also entitled to a one-off assistance of RM500, which will also be disbursed in April.

The glove association said Malaysia only requires about 120 million pieces per year. It will merely take the industry six hours of production time to churn out this annual quantity.

The central bank said the allocation of the Special Relief Facility (SRF) for SMEs will also be increased to RM5 billion from RM2 billion. The maximum financing rate is now lowered to 3.5% per year from 3.75% per year. The enhanced SRF is available until the end of the year.

These include small projects, infrastructure development, and rehabilitation of facilities which the government has budgeted RM3.1 billion for their implementation.

The first is the introduction of a programme that will allow employers to postpone, restructure, or reschedule their mandatory Employees Provident Fund contribution for employees. The EPF will introduce this programme on April 15.