News about stimulus package

KUALA LUMPUR (March 31): The Malaysian International Chamber of Commerce and Industry (MICCI) says the Prihatin Rakyat Economic Stimulus Package is imbalanced between the support to employees and employers.

KUALA LUMPUR (March 30): With many businesses having grounded to a halt during the Movement Control Order period, Malaysian manufacturers are appealing to the government to double its wage subsidy scheme to RM12 billion from RM5.

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): 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): 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 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.

KUALA LUMPUR (March 11): Employees who want to maintain their share of the statutory contribution to the Employees Provident Fund (EPF) at 11% can opt to fill the KWSP 17A (Khas 2020) form available at its website, www.