KUALA LUMPUR (March 26): For almost any country in the world, winning the war against COVID-19 is now the agenda of utmost importance. Hence strong support, especially from the Government, is crucial to strengthen the entire ‘defence’ system.
Joining other affected countries such as Italy, Singapore and the United Kingdom, Malaysia has taken the necessary measures to support affected industries, protect the economy and importantly help ease the people’s burden during these trying times.
To date, the Government has announced about RM21 billion assistance under its stimulus package and additional allocations to address the economic risks associated with the pandemic that has hit Malaysians, both individuals and corporates.
Despite changes in the administration, the goal is always one – to mitigate the impact of COVID-19.
If you missed out on the announcements, here are the key highlights at a glance:
Assistance for Affected Individuals
- One-off payment of RM600 to registered taxi and tour bus drivers, tour guides and trishaw riders.
- Six-month deferment period for National Higher Education Fund Corporation (PTPTN) loan repayments involving up to RM750 million in collection.
- Payment of RM200 to all Bantuan Sara Hidup (BSH) recipients scheduled for May 2020 will be brought forward to March 2020
- An additional RM100 will be paid into the bank accounts of all BSH recipients in May 2020. Subsequently, an additional RM50 will be channelled in the…