An aid package worth RM150bil has been unveiled to help the people, businesses, as well as those vaccinated under Phase One of the National Recovery Plan to curb the spread of Covid-19.
The government will also provide a total amount of RM10bil direct fiscal injection.
In a special address, Prime Minister Tan Sri Muhyiddin Yassin on Monday (June 28) listed a number of initiatives under the package known as the "Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (Pemulih)”.
Here are the highlights:
- The government will add up to RM500 for the Bantuan Prihatin Rakyat (BPR) for the month of July with payments to be made from June 29.
The third phase of the BPR between RM100 and RM1, 400 will be paid in September.
Payments for those who succeeded in the BPR appeals will also be paid out in September. Altogether, a total of RM4.9bil will be paid out for the BPR initiative.
- Government to expand job seekers' allowance to Social Security Organisation (Socso) non-contributors especially to new graduates and informal sectors.
They can register at MYFutureJobs and will receive an allowance of at least RM300.
- Bantuan Khas Covid-19 (BKC) initiative for several categories. They are:
1) Households of hardcore poor will receive RM500 in August, RM500 in November, and RM300 in December. Singles from this category will receive RM200 in August and RM300 in November.
2) B40 households will receive RM500 in August and RM300 in December. Singles from this category will receive RM200 in August.
3) M40 households will receive RM250 while singles in this category will receive RM100 in August.
The BKC is expected to benefit more than 11 million households and elderly as well as singles with an allocation of RM4.6bil.
- The government will allocate a total amount of RM10mil to implement the food basket initiative especially for the Orang Asli
- Government to allocate another RM1bil to ensure that the 1kg pollybag of cooking oil remains at RM2.50.
- RM15mil will be allocated to non-governmental organisations to help out in social issues such as mental health, homelessness, and other issues.
- To address the issue of cost of living, the government will maintain the retail price for RON95 petrol, diesel, and LPG, which is expected to involve a subsidy worth RM6bil this year.
- The government will also implement a price control programme based on the threshold value of crude palm oil to control the price of one kilogramme to five kilogramme of cooking oil bottles.
- A discount on electricity bills between 5% and 40% up to a maximum usage of 900kilowatt hours a month will be given. This includes a 40% discount for usage that is below 200kilowatt hours, and 15% discount for usage that is between 201kilowatt hours and 300kilowatt hours. All in, the rakyat is expected to save up to RM346mil in electricity bills for three months from July.
- Economic sectors that have been badly hit, particularly hotel operators, theme park operators, convention centres, shopping malls, and tour operators will get a three month extension of electricity bills of 10% from October to December.
- Telecommunications companies have agreed to extend the 1GB of daily free data until the end of the year. This initiative is estimated to be worth RM500mil and will benefit 44 million registered customers all over the country.
- Additional RM500 to eligible recipients under the Prihatin Special Grant (GKP) 3.0 initiative, with payment expected to be made by mid-July this year.
In total, the government had allocated a total of RM5.1bil via the GKP initiative.
- Understanding the struggle of the SMEs, the government announced an additional payment of RM500 under GKP 4.0 to eligible recipients which will be paid in September and another RM500 in November this year.
- The government will allocate RM18mil for local banks to provide about 30 units of mobile banks in Peninsular Malaysia, Sabah and Sarawak, which are expected to cover 250 rural localities.
Through this initiative, various banking services including opening of accounts; savings, withdrawal and transfer of money; bill payments as well as digital banking can be accessed.
- Government will continue Wage Subsidy Scheme for the fourth time with an allocation of RM3.8bil, expected to benefit more than 2.5 million workers. Through this scheme, the government will support up to 500 workers per employer with assistance of RM600 per worker for four months. This will be two months for every sector in the second phase of the National Recovery Plan, and another two months for the sectors categorised as negative in the third phase of the NRP.
There are no salary limit conditions, and this means that employers can apply for the scheme even if their employers earn more than RM, 4000 a month.
- Government will automatically exempt payments for the HRD levy for two months to employers who are not able to operate during the lockdown.
- Employers from new sectors as a result of the expansion of the Human Resources Development Fund Act 2001 will be given a levy extension under Dec 2021. This initiative is estimated to be worth RM425mil.
- Government agrees to extend the PenjanaKerjaya programme that is due to end in June with several improvements. This includes reducing the salary eligibility limit from RM1, 500 to RM1, 200 ringgit for the “Malaysianisation” programme to give more incentives to employers to replace foreign workers with local workers. The employment contract period will also be reduced from 12 months to six months for employees aged 50 and above, the disabled and ex-prisoners.
Loan Assistance for Those Affected by Lockdown. Govt to announce assistance, including moratorium and i-Sinar soon
The government is expected to announce appropriate assistance, including on moratorium and the i-Sinar facility to alleviate the burden of the people affected by Covid-19 soon.
Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the matter was discussed with Prime Minister Tan Sri Muhyiddin Yassin and the relevant agencies.
"The government is listening to its people, as such appropriate assistance will be announced soon," he said in a Facebook post today.
Yesterday, Tengku Zafrul in a Facebook post said the government will consider all proposals and solutions submitted by all parties to ease the burden of the people.
"This is for Phase 1 and the next phases under the National Recovery Plan."
Tengku Zafrul said among the requests often received by the ministry was on the extension of the i-Sinar and i-Lestari facilities.
Previously, various parties had asked the government to implement an unconditional moratorium, as well as to extend the i-Sinar facility to help those affected by the implementation of the Movement Control Order to curb the spread of Covid-19.
In earlier of the month, in a special message announcement on PKP 3.0 Assistance, under the assistance of the Strategic Program for Empowering the People and Additional Economy (Pemerkasa PLUS), the government has agreed to grant a loan repayment assistance to individuals who have lost their jobs, B40 recipients of BSH/BPR, SMEs and Microenterprises that are not allowed to operate during the MCO.
Those affected will be given the option to get the approval of the - moratorium automatically for 3 months or- get a reduction in repayment in instalments of 50 percent for 6 months.
Although it is announced that the moratorium will be given automatically, borrowers would still need to contact their respective banks to opt-in for this benefit.
M40 and T20 borrowers who have experienced a reduction in income (including salary, allowances, commissions and household income) are also encouraged to apply for the loan repayment assistance. All you need to do is request a reduction in monthly instalments according to the reduced income. Providing relevant documents may further help with obtaining the assistance.
This initiative will be implemented immediately in June and is expected to benefit more than 5 million borrowers. All you need to do is contact your respective bank to apply for this automatic moratorium as each bank has different terms and flexibility. These include moratoriums on home loans and car loans.
Another important note is that borrowers’ CCRIS report will not be affected for selections made in 2021 so choose wisely and make the most out of this loan repayment assistance. Just contact your banks and choose.
For further information, visit bnm.gov.my/RA
Contact Agensi Kaunseling dan Pengurusan Kredit (AKPK) for advice and guidance at https://services.akpk.org.my/
The nationwide full lockdown will be extended for another two weeks starting June 15.
Senior Minister Datuk Seri Ismail Sabri Yaakob said the decision was made after considering the high number of daily cases reported.
He said the National Security Council’s special meeting chaired by the Prime Minister yesterday heard a report and proposal presented by the Health Ministry.
“It has been decided that the lockdown will be extended for two weeks, taking effect from June 15 to 28, ” he said in a statement.
The lists of positive and negative activities as well as standard operating procedure for manufacturing businesses and industries remain unchanged.
“Since the dos and don’ts list as well as SOP are unchanged, I hope there will be no confusion in enforcing the SOP.
“I do not want the public to be affected by the wrong interpretation of SOP by enforcement bodies, ” said Ismail Sabri.
Sources said those who attended the meeting agreed that the lockdown should be extended.
“After listening to the (Health) ministry’s presentation, everyone shared the same view that there is a need for (the lockdown) to continue for another two weeks to see if the number of daily cases can be brought down, ” said a source.
On May 28, the Prime Minister announced that the country would go into a full lockdown for 14 days from June 1, with only essential economic and service sectors allowed to operate.
At the time, the healthcare system was thought to be near breaking point as the number of Covid-19 cases had breached the 8, 000 mark and new variants had emerged.
Tan Sri Muhyiddin Yassin had said then that should the first phase of lockdown succeed in reducing the number of daily cases, the government would move to a second phase of four weeks with certain economic sectors to open, provided no large gatherings are involved and physical distancing is practised.
“After that, Phase Three would start with the implementation of a movement control order where no social activities are allowed, ” he had added.
Refer from thestar.com.my
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