(PUTRAJAYA, MARCH 17) Prime Minister Muhyiddin Yassin held a press conference earlier this evening, to announce the new special aid package, named ‘PEMERKASA’. It is seen as a continuation of the initiatives that were previously introduced, including PRIHATIN and Prihatin PKS worth RM260 Billion, in March and April last year, respectively.
He started off by highlighting that the government has created many initiatives to help curb the pandemic within the country and to also revitalize the economy.
He officiated the PEMERKASA program, worth over RM20 billion, in order to help the economy and sectors that have been affected by the pandemic.
Firstly, the focus will be on the immunisation program, which will ensure the vaccination of the majority of Malaysian citizens. The total of RM3 billion in spending will be increased to RM5 billion, in order to accelerate the vaccination program that was launched previously.
Secondly, of the program is to avoid nationwide MCOs, instead, it will focus more on targeting certain infected areas only. This is done in order to reduce the impact on the economy.
Next, the government will be implementing stricter SOPs as well as better enforcement in order to ensure the pandemic will remain under control. Further tax reductions and wage subsidies will be introduced as well.
The government will also encourage and support smaller scale projects by increasing the budget from RM2.5 Billion to RM3 Billion. GKP 3.0 (Geran Khas Prihatin) will also be provided to micro business and PKS (Perbadanan Perusahaan Kecil dan Sederhana Malaysia (SME Corp. Malaysia). Micro credit facilities will also be introduced to the public.
Moreover, the government will introduce subsidies for gig economy employers through PERKESO. Wage subsidies will also be introduced for certain businesses such as gyms, spas and tourism related businesses.
Furthermore, tax exemptions will be offered to the tourism industry, including hotels and travelling agencies. This will also include cinemas, theme parks and all affected businesses under the travel industry. A one off grant will also be given to travel agencies registered under MOTEC.
He also mentioned that ever since the initiation of the vaccination program, the government is considering reallowing interstate travelling to be permitted. However, he added that the government has to be cautious and consider all the data provided before making a decision.
In addition, in order to reduce the burden on SMEs and businesses, the Securities Commission will improve the fund raising scheme, such as crowdfunding, and also reduce the listing fee for Malaysia’s major stock markets. Individuals in the B40 group as well as students can register their businesses for free through SSM (Suruhanjaya Syarikat Malaysia).
Beyond that, agile regulation will be introduced to encourage foreign investment, especially within the export and import industry.
Targeted moratorium will also be introduced for individuals and SMEs.
He also added that more aid will be provided to individuals in the B40 group in order to assist and improve internet coverage. A subsidy of RM300 will also be provided to families with children in school. Communication infrastructures will also be upgraded to accommodate for the increase in the amount of internet usage during this pandemic.
He also asserted that during this pandemic, the government will continue assisting those affected by the pandemic. A one off subsidy of RM500 will be provided to individuals in the B40 group, which are those that have a monthly income of RM1000 or below.
A total budget of RM50 million will be allocated to aid women entrepreneurs. An additional RM10 million will be allocated for PERKESO schemes.
Due to the pandemic, the global prices of oil have been increasing, but the government will introduce a ceiling for the petrol price for Malaysians. The government will also subsidize LPG (liquefied petroleum gas) and petrol prices.
He also mentioned that after a year of having been in power, the Perikatan Nasional government has continuously introduced new schemes to help Malaysians overcome the burdens from the pandemic.
Lastly, he would like to thank all the frontliners that have been serving on the frontlines throughout the pandemic. He also encouraged all citizens to register for the Covid-19 vaccinations, as only then, can the country return to normality.
View official press statement here