Dear Valued Clients and Associates
Subsequent to the Economic Stimulus Package 2020 (ESP) announced on 27 Feb 2020, further economic stimulus measures were announced in response to the continuing economic impact of the COVID-19 crises:
|Economic Stimulus Measures||Worth||Announced on|
|Prihatin Rakyat Economic Stimulus Package [Prihatin]||RM250b||27 March 2020|
|Additional SME Economic Stimulus Package [Prihatin+]||RM10b||6 April 2020|
|PENJANA Short-Term Economic Recovery Plan||RM35b||5 June 2020|
|We have extracted in this Memorandum, pertinent measures from PENJANA which in our view would be relevant from both the business and individual perspectives to our clients for their consideration. We have also recapped relevant ESP, Prihatin and Prihatin+ initiatives and where applicable included updates to such measures by PERJANA. |
The implementation of the proposed measures would be subject to any clarification and guidance from the relevant authorities and being legislated where applicable. As such, further details on the proposed measures are expected to be released by the authorities in due course.
Please access our website at www.salgroup.com.my for all of our earlier Alerts.
Please do not hesitate to contact the following should you have any queries on the above:
9 Jun 20