<< >> /Parent 2 0 R KUALA LUMPUR (March 28): The country’s much-awaited comprehensive fiscal stimulus package was unveiled last Friday, and its whopping amount of RM250 billion took many by surprise. Singapore’s stimulus package totaled USD4.6billion, whilst Indonesia unveiled a package of around USD742m. Also, Covid-19 outbreak is reported in almost every country around stream /S /Transparency It is not surprising that the ESP2 came exactly one month after the First Economic Stimulus Package 2020 (ESP1), valued at RM20 billion, was announced on 27 February 2020. •Electricity bill discounts ranging from 15% to 50% for all sectors for a period of 6 months, i.e. << %���� on 18 March 2020, the economy has significantly slowed down and Malaysia is in the midst of what could possibly be the biggest economic crisis since its independence. /Type /Catalog >> KUALA LUMPUR: Malaysia has announced an economic stimulus package worth RM250 billion (US$58 billion) on Friday (Mar 27) to weather the impact of COVID-19. Economic Stimulus Package (“ESP”) 2020 The interim Prime Minister, Tun Dr Mahathir Mohamad, unveiled a strategic economic package worth RM 20 billion on 27 February 2020. 28. Called Pakej Rangsangan Ekonomi Prihatin Rakyat, or Prihatin for short, the package comprises RM128 billion to protect the welfare of the people, RM100 billion to protect the … /F2 11 0 R /CS /DeviceRGB Currently, Circular PB 3.1 “Garis Panduan Langkah-langkah Mengoptimumkan /GS26 21 0 R MEASURE 13: GOVERNMENT USE OF HOTELS 19. /Image27 13 0 R MALAYSIA’S ECONOMIC STIMULUS PACKAGE INTRODUCTION The Malaysian Government has announced the following economic stimulus packages to mitigate the impact of COVID-19 outbreak and the mandatory Movement Control Order (MCO) implemented on 18 March 2020:- i) the Economic Stimulus Package 2020 announced by Yang Amat << << This is the 4th stimulus package announced by the Malaysian government (see related State Acts). /F1 12 0 R 28. Increase of special allowance increases for medical personnel from RM400 to RM600 with effect from 1 April 2020 until outbreak ends. Last week, the government reacted and on 27 March 2020 unveiled the Second Economic Stimulus Package 2020 (the “ESP2”) entitled “Prihatin Rakyat ESP2”. /Kids [4 0 R 5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R] This SME package is in addition to the RM250 billion economic stimulus announced on 27 March 2020, /MarkInfo Malaysia; 2020 stimulus: Dr M says EPF rate cut to 7pc, RM150 more cash handouts under BSH. Since the ESP1, Malaysia recorded over 2,000 positive cases and 24 deaths due to Covid-19 and is presently under a movement control order (MCO) since 18 March 2020. 2 0 obj Currently, Circular PB 3.1 “Garis Panduan Langkah-langkah Mengoptimumkan >> I believe, the economic stimulus package will enable the Malaysian economy to achieve the highest point of the range. 2003. However, as a result of the comprehensive economic stimulus package, Malaysian economy recovered to 6.5% in the fourth quarter of 2003. Read in Chinese Version Goal # 1 – Protect the people. 4 0 obj from April to September 2020 o 50%: Below 200 kWH o 25%: 201 kWH-300 kWH o 15%: 301 kWH- 600 kWH •Free internet for all users from 1 April 2020 up to end of MCO. /GS5 23 0 R The PRIHATIN Package is an extension of the: (a) Economic Stimulus Package (February ESP) announced by the then Prime Minister of Malaysia, Tun Dr Mahathir, on 27 February 2020; and (b) additional measures for the Economic Stimulus Package announced by the Prime Minister of Malaysia on 16 March 2020 and 23 March 2020 (Additional Measures). The package is anchored on 3 strategies, namely mitigating the impact of Covid-19, spurring rakyat-centric economic growth and promoting quality investment . endobj o;)E&z�k5�. /Type /Pages 579 0 obj <> endobj PUTRAJAYA: The following is the full speech text of the 2020 Economic Stimulus Package, as announced by Interim Prime Minister Tun Dr Mahathir Mohamad today. x����n�0E������"� @^ R�@��"�B���h,�~���w(9�lKF� m�䜡������t4���uvW��#(PR)�D*��X�`Y&�/'P%��ͽ��U2@x��Y)����~. The supplementary stimulus is critical to ensure the survival of SMEs who are the backbone of the Malaysian economy. CGC Participates in 2020 Economic Stimulus Package KELANA JAYA, 27 February 2020 – Credit Guarantee Corporation Malaysia Berhad (CGC) is participating in Bank Negara Malaysia’s (BNM) RM2.0 billion Special Relief Facility (SRF) for Small and Medium Enterprises (SMEs) under the Government’s 2020 Economic Stimulus Package. 0 SME Corporation Malaysia (SME Corp. 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