In a statement, it said the relief measures include the deferment of corporate income tax payment, electricity subsidy, exemption of service tax and a RM1,000 tax relief for Malaysians to choose domestic travel destinations.
Secretary-general Tan Sri Annuar Musa: Umno is getting stronger, more united and solid.
The officer, Mohd Nasharudin Amir, also testified that the admission did not come from the Saudi royal but his legal representative.
“Interested SMEs can apply directly to participating financial institutions which comprise commercial banks, Islamic banks and development financial institutions regulated by BNM. They may also apply online through the business financing referral platform at imsme.com.my.”
It addresses the association’s two main concerns directly — to ease cash flow and financial burden as well as to drive tourism.
Asked if the government will be issuing bonds to fund the stimulus package, Dr Mahathir said: “At the moment, we have enough source of money. But if necessary, we may issue bonds.”
Dr Mahathir also announced that Bersatu president Tan Sri Muhyiddin Yassin could possibly become a candidate for the prime minister’s post.
If the Dewan Rakyat failed to determine who should be prime minister, a snap election would be called.
To assist businesses most adversely affected, the Government proposes for a period of 6 months beginning from April until September 2020:
Malaysia's stimulus package is anchored on three strategies namely mitigating impact of Covid-19, spurring rakyat centric economic growth and promoting quality investments.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
