endstream endobj 580 0 obj <>>>/Filter/Standard/Length 128/O(�IS������ȶy7o\(:3�9g������]�&�H)/P -1340/R 4/StmF/StdCF/StrF/StdCF/U(�%:�����1��~V� )/V 4>> endobj 581 0 obj <>/Metadata 41 0 R/PageLayout/OneColumn/Pages 577 0 R/StructTreeRoot 51 0 R/Type/Catalog>> endobj 582 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 583 0 obj <>stream On 27 March 2020, Prime Minister Muhyiddin Yassin has announced an economic stimulus package known as “caring package” valued at RM250 billion that will benefit all the Malaysians. stream /P17 24 0 R I believe, the economic stimulus package will enable the Malaysian economy to achieve the highest point of the range. << /CS /DeviceRGB Stimulus packages can involve government guarantees, delayed revenues (tax payments or licence fees) as well as policies to stimulate the market and unutilised “money” in the banking system. >> Economic Stimulus Package 2020 (ESP) The ESP has been announced by Tun Dr. Mahathir Mohamad on 27 February 2020. >> 28. /ProcSet [/PDF /Text /ImageB /ImageC /ImageI] /Lang (en-US) /F2 11 0 R /Type /Page Last week, the government reacted and on 27 March 2020 unveiled the Second Economic Stimulus Package 2020 (the “ESP2”) entitled “Prihatin Rakyat ESP2”. >> /Contents 25 0 R 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. Insya-Allah, the 2020 economic stimulus package will be as successful. /Image7 15 0 R endobj /MarkInfo 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. /Pattern 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. The PRIHATIN package will provide immediate assistance to lessen the burden of all, especially those who are affected during the COVID-19 pandemics. << It acts as the central … 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. /XObject 25 0 obj 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. 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. << %���� /Image6 16 0 R The health-wise government is quite confident by the efficient application of this package. /GS26 21 0 R /Pages 2 0 R 4 0 obj B. This page is also available in: Melayu (Malay) 简体中文 (Chinese (Simplified)) Summary of Economic Stimulus Package 2020 in Malaysia. << SME Corporation Malaysia (SME Corp. Malaysia) is a Central Coordinating Agency under the Ministry of International Trade and Industry Malaysia that formulates overall policies and strategies for Small and Medium Enterprises (SMEs) and coordinates the implementation of SME development programmes across all related Ministries and Agencies. During the global financial crisis in 2009, Malaysia unveiled a stimulus package of approximately RM60 billion (over 2 years). between April 2020 and December 2020, capped at RM 1,500 for each member. x����n�0E������"� @^ R�@��"�B���h,�~���w(9�lKF� m�䜡������t4���uvW��#(PR)�D*��X�`Y&�/'P%��ͽ��U2@x��Y)����~. China. /Tabs /S However, as a result of the comprehensive economic stimulus package, Malaysian economy recovered to 6.5% in the fourth quarter of 2003. %PDF-1.5 /Image27 13 0 R /StructParents 0 Malaysia’s 2009 stimulus package resulted in a budget deficit increase from 4.8% to 7.6%. This SME package is in addition to the RM250 billion economic stimulus announced on 27 March 2020, The stimulus package was introduced to ensure Malaysia’s economy will weather a further anticipated slowdown as a result of the global spread of the Covid-19 virus. /S /Transparency /GS13 22 0 R Second Economic Stimulus Package 2020 Executive Summary As the COVID-19 crisis continues to plague the world and affect Malaysia’s economy, Malaysia’s Prime Minister has announced a Second Economic Stimulus Package amounting to RM250 billion in order to combat the ongoing challenges brought about by the COVID-19 pandemic. 579 0 obj <> endobj << /Group This is the 4th stimulus package announced by the Malaysian government (see related State Acts). It was announced by the Interim /ExtGState 0 the Prihatin Rakyat Economic Stimulus Package or PRIHATIN, an enhancement to the Economic Stimulus Package announced on 27 th February 2020. MEASURE 13: GOVERNMENT USE OF HOTELS 19. >> >> Insya-ALLAH, the 2020 economic stimulus package will be as successful. The RM250 billion Package is expected to ease the burden of the rakyat and the business community. /Image33 18 0 R /Type /Group Malaysia; 2020 stimulus: Dr M says EPF rate cut to 7pc, RM150 more cash handouts under BSH. /Parent 2 0 R 28. >> 606 0 obj <>/Encrypt 580 0 R/Filter/FlateDecode/ID[<37C74249D3C5E94CA0A8D9A2DB579C78><25AE3F5F0B6E9E409A3236E78C600991>]/Index[579 47]/Info 578 0 R/Length 118/Prev 586718/Root 581 0 R/Size 626/Type/XRef/W[1 3 1]>>stream 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 … /Marked true >> Announced on 23 September 2020 Kita Prihatin Malaysia Economic Stimulus Package 2020 Smart decisions. 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. •Electricity bill discounts ranging from 15% to 50% for all sectors for a period of 6 months, i.e. << M�:�e�V�zE��%�u��s�p�����') >> 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. /Font /StructTreeRoot 3 0 R /Image9 14 0 R Release of the Prihatin Rakyat Economic Stimulus Package in light of the ongoing COVID-19 outbreak in Malaysia On 6 April 2020, Prime Minister Tan Sri Muhyiddin Yassin announced the 3rd Prihatin Package worth RM10 billion. 2003. /Count 7 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. 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. �f�V�]�(��D���҆゠����:�'>:~�b�'�,���h��w Bm��/��K��� �Q��`>��ؠ��9�_L���4�j�o}���'��ojJM8޳�P���q����� �צ��dp?�"��e��jDm.�0S_Ih���T ���)�ˇڋBZ�Hd��D�&��=���%�C��F���j�C6��]:���Is��H� The PRIHATIN Economic Stimulus Package (ESP) was unveiled by The Prime Minister on 27 March 2020. 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 supplementary stimulus is critical to ensure the survival of SMEs who are the backbone of the Malaysian economy. 1 0 obj >> ECONOMIC STIMULUS PACKAGE 2020 ... provided to Tourism Malaysia, over and above the existing Visit Malaysia Year 2020 tourism promotion allocation of RM90 million. endobj (b) Processing fee Applicable for IPO applications for listing on the ACE Market and the LEAP Market. /Length 717 /Resources Increase of special allowance increases for medical personnel from RM400 to RM600 with effect from 1 April 2020 until outbreak ends. /Image35 19 0 R Currently, Circular PB 3.1 “Garis Panduan Langkah-langkah Mengoptimumkan Further to the Economic Stimulus Package 2020 announcement made on 27 February 2020, kindly be informed that Bursa Malaysia will grant the following fee waivers to encourage growth in fund-raising activities through listings on Bursa Malaysia. /Image37 20 0 R << /Type /Pages Read in Chinese Version Goal # 1 – Protect the people. Allocations under [PRIHATIN Economic Stimulus Package] 27 March 2020. /Type /Catalog Singapore’s stimulus package totaled USD4.6billion, whilst Indonesia unveiled a package of around USD742m. ECONOMIC STIMULUS PACKAGE 2020 ... provided to Tourism Malaysia, over and above the existing Visit Malaysia Year 2020 tourism promotion allocation of RM90 million. /GS5 23 0 R << %%EOF << 625 0 obj <>stream MEASURE 13: GOVERNMENT USE OF HOTELS 19. /Kids [4 0 R 5 0 R 6 0 R 7 0 R 8 0 R 9 0 R 10 0 R] Of the total amount, almost RM128 billion is channelled to protecting the welfare Lasting value. Overall this stimulus package 2020 in Malaysia or PRIHATIN package addresses many issues to reduce the burden of the public, which gets affected by the outbreak of COVID-19 both financially. Due to the global economic scenario and COVID-19 impact, Malaysia’s GDP growth in 2020 is estimated to be in the range of 3.2% to 4.2%. endobj >> The second package brings total support to $189 billion, comprising the first stimulus package, the Reserve Bank’s initiatives, already-announced Federal Government measures to deliver easier access to finance and $66 ... stimulus payment in July 2020 will also assist other lower income Australians in bridging this period of financial difficulty. In comparison, the 2020 package is expected to increase the fiscal deficit by 0.2 percentage point, to … Due to the global economic scenario and COVID-19 impact, Malaysia’s GDP growth in 2020 is estimated to be in the range of 3.2% to 4.2%. << Also, Covid-19 outbreak is reported in almost every country around }��掑. Economic Stimulus Package 2020 “Bolstering Confidence, Stimulating Growth & Protecting Jobs” Anand Chelliah Managing Partner & Asia Pacific Leader, Tax Services Malaysia recorded economic growth of 4.3% in 2019, its weakest since 2009. %PDF-1.6 %���� after the First Economic Stimulus Package 2020 (ESP1), valued at RM20 billion, was announced on 27 February 2020. The 2020 Economic Stimulus Package is targeted to aid the Rakyat and business /MediaBox [0 0 960 540] /Image31 17 0 R On 5 June 2020, the Prime Minister of Malaysia announced an RM35 billion (~USD 8.2 billion*) stimulus package titled “Pelan Jana Semula Economy Negara” or “PENJANA” to support businesses affected by the COVID-19 pandemic. /Filter /FlateDecode At that time, the budget deficit increased from 4.8% to 7.6%. Currently, Circular PB 3.1 “Garis Panduan Langkah-langkah Mengoptimumkan Economic Stimulus Package The Government has realised the danger for the economy and approved the 2020 ESP. o;)E&z�k5�. 2 0 obj /F1 12 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 >> << endstream endobj startxref Malaysia ranked third in the region in the Global Health Security Index of 2019, after only Thailand and South Korea, but well ahead of Singapore and Japan. The package is anchored on 3 strategies, namely mitigating the impact of Covid-19, spurring rakyat-centric economic growth and promoting quality investment . 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