Prime Minister Tan Sri Muhyiddin Yassin just announced an economic stimulus package valued at RM250 billion to help Malaysian citizens get through trying times
Dubbed Pakej Rangsangan Ekonomi Prihatin Rakyat or PRIHATIN, RM128 billion from the total will be used to protect the welfare of the people.
Meanwhile, RM100 billion is dedicated to support businesses including small and medium enterprises and RM2 billion will be utilised to strengthen the economy.
During a special live address, the Prime Minister stressed that no one will be left behind and that the government's focus is to curb the spread of COVID-19.
Here are the highlights:
- A total of RM600 million for the Ministry of Health to purchase equipment and hire contract staff, especially nurses.
- Employees' Provident Fund (EPF) contributors aged below 55 can withdraw RM500 for up to 12 months.
- RM130 million will be distributed equally to all states to help tackle the COVID-19 pandemic.
- RM600 per month for doctors and medical staff starting 1 April.
- RM250 per month for police, customs, and immigration personnel involved in the Movement Control Order (MCO) beginning 1 April.
- One-off payments for the M40 group such as farmers and other small businesses in the private sector totalling up to RM10 billion.
- RM1,600 for four million households earning RM4,000 and below.
- RM1,000 for 1.1 million households earning between RM4,001 and RM8,000, with RM500 paid in April and the remaining amount in May.
- RM800 for singles aged 21 and above with an income less than RM2,000.
- RM500 for 4,000 singles aged 21 and above with an income between RM2,000 and RM4,000 in two payments of RM250 in April and May.
- One-off payment of RM200 in May for students at all higher education institutions.
- RM25 million for food and shelter for senior citizens, OKU, and Orang Asli, in cooperation with NGOs.
- Six-month postponement on The National Higher Education Fund (PTPTN) and The National Higher Education Fund (PTPK) payments, valued at RM750 million.
- Six-month rent exemption for People's Housing Project (PPR) residents, valued at RM5.7 million for 4,649 units.
- Kuala Lumpur City Hall (DBKL) to grant six months free public housing for over 40,000 tenants.
- Patients under MySalam can claim RM50 per day for 14 days. This can also apply to those who are quarantined because of COVID-19.
- B40 group in cities exempted from paying rent for six months. Total cost of RM3 million to be borne by government.
- Rent exemptions for buildings belonging to the government such as school canteens, daycare centres, and convenience stores for six months beginning April.
- Free internet for all telecommunication service customers starting 1 April until the end of the MCO.
- Discounts from 15% up to 50% on electricity bills for the next six months starting 1 April.
- RM500 for civil servants Grade 56 and below, including those on a contract basis.
- RM400 million allocated for broadband network upgrades.
- RM250 for each government pensioner. This one-off payment will benefit up to 850,000 people.
- RM500 for e-hailing drivers nationwide. This is in addition to the RM600 one-off aid announced for taxi drivers that was announced in the previous stimulus package.
- RM110 million to pay wages of more than 80,000 contract workers involved in cleaning and catering services at schools, public universities, public training institutions, and other government agencies. Government has also agreed to extend their contract period for another month as a trade-off for the MCO.
- Special RM8 million fund created by the insurance and takaful industry to bear the screening costs of policy and medical takaful insurance holders at private hospitals and laboratories at RM300 per person.
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