Under this programme, dubbed the SME Go-Scheme, Prime Minister Tan Sri Muhyiddin Yassin announced that SME Bank will provide financing support to contractors and vendors who were awarded small Government projects under the Economic Stimulus Package 2020 and the PRIHATIN stimulus package.
Prime Minister Tan Sri Muhyiddin Yassin: To aid the tourism sector, an RM1 billion Penjana Tourism Financing (PTF) facility will be made available to finance transformation initiatives by SMEs in the tourism sector to enable them to remain viable and competitive in the new normal. Details of this fund will be announced by Bank Negara Malaysia (BNM) in July 2020.
The financing facility will be made available in mid-June 2020 with a maximum loan size of RM500,000 per SME.
Penjana economic package: No sales tax on locally-assembled cars purchased between June and end-December
The new rates are applicable for purchases made from June 15, 2020 to Dec 31, 2020
Minister in the Prime Minister’s Department Datuk Takiyuddin Hassan said the Bill will involve amendments in several existing Acts as part of efforts to rebuild the economy and assist the people after the pandemic.
This comes as Tadmax refocuses on property development, following its recently announced plan to exit from the RM3.3 billion Pulau Indah power plant project.
The 27 Bersatu members said they fully support the formation of Perikatan Nasional (PN) as a coalition of political parties, which uphold objectives contained in the PN memorandum of understanding. The Bersatu members said that for the sake of the people’s well-being and the country’s political stability, they had agreed that Bersatu joins PN.
Health director-general Datuk Dr Noor Hisham Abdullah: The Ministry of Health is concerned and worried about the increase in [public] movements and inter-state travel among individuals, particularly ahead of the festive period. The ministry pleads for everyone to adhere to the SOP (standard operating procedure), which is to protect us from getting infected [by the virus].