News about package

KUALA LUMPUR (March 27): The Malaysian Hotel Association (MAH) in response to the Prihatin Economic Stimulus Package announced today said the hotel industry “needs a little bit more help”, as it disclosed that as of now, 2,041 hotel employees in the country have already been laid off due to economic pressures and the extended movement control order (MCO) in light of the COVID-19 pandemic.

KUALA LUMPUR (March 27): The government will be focusing on domestic investment activities that have high multiplier effects and can create jobs, said Prime Minister Tan Sri Muhyiddin Yassin in a speech today.

KUALA LUMPUR (March 27): Malaysia is setting aside RM1 billion more from its economic stimulus package announced today for its Health Ministry to procure more medical equipment as well as healthcare services from the private sector to combat the coronavirus pandemic.

KUALA LUMPUR (March 27): Prime Minister Tan Sri Muhyiddin Yassin has announced measures that will lighten three commitments that employers face to address the cash flow constraint that is weighing on businesses that have been affected by the COVID-19 outbreak.

KUALA LUMPUR (March 27): Prime Minister Tan Sri Muhyiddin Yassin has announced one-off cash payout for the M40 and B40 groups totalling RM10 billion as part of a massive RM250 billion stimulus package to address the COVID-19 outbreak's impact on the economy.

KUALA LUMPUR (March 27): The government will subsidise RM600 for each worker earning below RM4,000 for three months, applicable to companies whose income has halved since January, said Prime Minister Tan Sri Muhyiddin Yassin.

KUALA LUMPUR (March 27): The government is allocating RM250 billion for a stimulus package to counter the threat of the COVID-19 pandemic to its economy, which includes the RM20 billion it previously announced in late February.

KUALA LUMPUR (March 25): Prime Minister Tan Sri Muhyiddin Yassin (pictured) said he will be announcing a more comprehensive economic stimulus package this Friday (March 27), to assist Malaysians during these trying times.

PUTRAJAYA (March 17): The Malaysian government will ensure the implementation of the 2020 economic stimulus package as announced previously with additional measures to mitigate the impact of the COVID-19 pandemic, Prime Minister Tan Sri Muhyiddin Yassin said yesterday.

PETALING JAYA (March 16): 1 Utama Shopping Centre has launched a RM1 million Retail Stimulus Package last Friday, its next marketing initiative to continually boost and stimulate shoppers spending in the mall.