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Wednesday, March 25, 2020

Muhyiddin to announce more comprehensive stimulus package on Friday

Malaysiakini

Prime Minister Muhyiddin Yassin will announce a new stimulus package on Friday.
"(This) people-centric package will be more comprehensive," he said in a televised address this afternoon.
"Whether you are a taxi driver, Grab driver, farmer, restaurant-owner, sell nasi lemak, pisang goreng, or burgers, or a daily worker, the government will do its best to ensure that everyone benefits.
"God willing, no one will be left behind," he said.
This will be the fourth time the government has announced stimulus measures.
On Monday, Muhyiddin announced measures that included allowing EPF contributors to withdraw RM500 per month for a year from their Account 2.
The government had also previously also announced that workers earning less than RM4,000 per month but who are forced to go on unpaid leave will get aid of RM600 per month from the government.
Previously, the Human Resources Ministry had said that unpaid leave aid would not apply to the movement control order period. It is unclear if this will change now that the MCO has been extended to April 14.
Other stimulus measures include tax breaks and a six-month deferment for PTPTN repayments.
Bank Negara has also announced that loan repayments will be deferred for six months. - Mkini

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