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NEWS: Stimulus package #4 of RM10bn. Key highlights

06 Apr 20

Stimulus package #4 of RM10bn. Key highlights

1) Wage subsidy raised from RM5.9bn to RM13.8bn:

Firms with

  • A) over 200 workers will get subsidy of RM600 per worker (quota raised from 100 pax to 200 pax).
  • B) 76-200 pax : RM800/worker,
  • C) below 75 Pax: RM1200 per worker. Condition to retain workers for 6 months.

2) Prihatin Grant - RM2.1bn or RM3k for each PKS micro (700k firms to benefit)

3) Abolish interest rate (prev 2%) for Skim Micro lending scheme up to RM10k - funds totaling RM200m.

4) GLC landlord rental waivers. Encourage private landlords to follow suit with tax deduction for rental waived during Apr-Jun 2020

5) 25% discount on foreign worker permits.

6) Auto moratorium for 30 days to submit PKP financial accounts to SSM without late charges.


Click Here to Download Teks Perutusan Khas YAB PM Prihatin PKS Tambahan (06042020)



Last Updated on 7 April 2020, 15:04:14