Image source: https://www.nst.com.my/news/nation/2021/06/703067/pm-announces-pemulih-package-new-cash-aid-bkc-worth-rm46-billion

PM Muhyiddin announces ‘PEMULIH’ package to fuel recovery that benefits all

Kuala Lumpur (28 June): Prime Minister Tan Sri Muhyiddin Yassin announced the Pakej Perlindungan Rakyat dan Pemulihan Ekonomi or PEMULIH worth RM 150 billion in Covid-19 relief spending, aimed at giving aid for the rakyat.

Here are the highlights of PEMULIH package:

1. Govt unveils PEMULIH stimulus package worth RM150 billion, fiscal injection of RM10 billion
2. B40 households to receive RM500 from the government in August and RM300 in December; B40 singles to receive RM200 in August
3. M40 households to receive RM250 in August; M40 singles to receive RM100 in August
4. Govt to give RM500 assistance to those who have lost their jobs, based on EPF, SOCSO data
5. Govt allocates RM300,000 to MPs for food basket assistance to help affected groups in their respective constituencies
6. Govt allocates RM10 million for food basket programme for indigenous peoples
7. Extension of electricity bill discounts for affected economic sectors for another three months — 10% discounts for October to December electricity bills
8. An electricity bill discount of between 5-40% for domestic users — in accordance with electricity usage up to a maximum of 900kwh per month — worth RM346 million, to be given for three months
9. RM18m allocation for local banks to provide 30 mobile banks nationwide
10. Micro SMEs to receive additional assistance of RM500 in September and RM500 in November
11. Govt to remove RM4,000 limit for salary subsidy programme, to provide salary subsidy of RM600 per worker for four months
12. Additional RM100 million under SME Digitalisation Grant for SMEs and micro SMEs to get matching grants of up to RM5,000 for purchase or subscription of digital systems
13. One-off RM3,000 assistance to be given to sports facilities’ operators
14. Govt to allocate RM100 million to assist those in the creative arts sector
15. Financial assistance of RM500 per month over three months for the disabled
16. RM3,000 special assistance to be given to 4,400 nursery operators
17. Govt procurement procedures to be eased, variation of price to be allowed for projects affected by higher building materials cost
18. Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) government guarantee scheme limit to be increased by RM20 billion
19. Govt to allow withdrawal of RM1,000 per month for five months under EPF’s i-Citra
20. Targeted moratorium for three months for PTPTN borrowers
21. Affected insurance and takaful policyholders can apply for deferment of payment by opt-in until December 2021
22. Six-month postponement for repayment of JPA federal student loans; similar postponement for federal scholarship recipients’ compensation claims
23. Six-month moratorium for all individual borrowers and micro entrepreneurs — no documentation needed as all applications will be automatically approved
24. Govt to allocate RM400 million to increase national vaccine supply to cover 130% of the population, from previous targeted 120%
25. Govt to allocate RM200 million for 29 new vaccination centres and to upgrade existing ones, as well as to introduce drive-through vaccination centres, mobile vaccination centres and to fund outreach home-to-home vaccination programmes
26. There will be RM150 million allocation for public-private partnership immunisation programme (PIKAS)
27. Allowance for volunteer frontliners to be increased to RM100 from RM50 per day, for those on duty for more than 12 hours per day starting June 2021
28. Govt has agreed to postpone monthly income tax instalment payments for companies and waive tourism, services taxes for hotel operators until year-end
29. RM3,000 ‘one-off’ assistance for more than 5,300 registered travel agencies to help them revive their businesses when the country moves to Third Phase of PPN
30. One gigabyte of free daily data extended until Dec 31 with an estimated value of RM500 million, benefiting 44 million users
31. Govt announces Covid-19 Special Aid (BKC) with RM4.6 billion allocation
32. Govt implements price control based on crude palm oil threshold value to check price increase in 1kg-5kg bottled cooking oil
33. Govt continues to maintain the retail price of RON95 petrol, diesel and LPG, which is expected to involve a subsidy of more than RM6 billion this year
34. Govt widens psychosocial support through channels like “talian kasih” and RM15 million allocation to NGOs to combat social issues
35. Allocation of RM125 million through HRD Corp to implement “place and train” initiative under the Janapreneur programme

Source:

  • theedgemarkets.com/article/highlights-economic-recovery-and-peoples-protection-package
  • https://www.pmo.gov.my/2021/06/teks-ucapan-pengumuman-khas-pakej-perlindungan-rakyat-dan-pemulihan-ekonomi-pemulih/
  • https://www.nst.com.my/news/nation/2021/06/703067/pm-announces-pemulih-package-new-cash-aid-bkc-worth-rm46-billion

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