News about package

KUALA LUMPUR (March 30): Malaysia small and medium enterprises (SMEs) said today they expect no cash inflow for at least three months due to the nation’s ongoing movement control order (MCO) to curb the spread of the COVID-19 pandemic.

KUALA LUMPUR (March 30): The government’s second economic stimulus package is expected to widen its fiscal deficit this year to 4% of the gross domestic product (GDP).

KUALA LUMPUR (March 27): In line with Prime Minister Tan Sri Muhyiddin Yassin’s promise of a more inclusive and comprehensive economic stimulus package, the government has unveiled some financial assistance targeted at those working in the gig economy.

KUALA LUMPUR (March 27): The government has announced several measures aimed at assisting the B40 given the challenges brought about by the COVID-19 pandemic and the Movement Control Order (MCO), ranging from one-off cash handouts to rental exemptions.

KUALA LUMPUR (March 27): The government has teamed up with telecommunication companies (telcos), to provide free internet service to Malaysians from April 1 until the end of the Movement Control Order or MCO.

KUALA LUMPUR (March 27): Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz stressed that Malaysia is in a "strong fiscal position" and the country can afford to pump-prime the domestic economy with the RM250 billion Prihatin Package.

KUALA LUMPUR (March 27): The federal government’s RM250 billion economic stimulus package to revive the domestic economy did not leave the micro business owners and hawkers behind.

KUALA LUMPUR (March 27): The updated COVID-19 economic stimulus package by the federal government “leaves no one behind”, said Prime Minister Tan Sri Muhyiddin Yassin, which includes, for the first time, a one-off financial aid for the middle income group (M40).

KUALA LUMPUR (March 27): In a bid to ensure food security during the Movement Control Order (MCO) period, the government has announced an RM1 billion allocation for the nation’s food security fund.

KUALA LUMPUR (March 27): Several measures were announced by the government that were targeted at civil servants, public sector contract workers, as well as pensioners.