|Economy||Measure Code||Measure||Currency Code||Amount (Local)||Amount (USD)||Source||Post Date||Details|
|Brunei Darussalam||05||05 - Health and income support||BND||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accesed 14 April 2020).||
(i) All bank fees and charges (except third party charges) that are related to trade and payments of transactions in affected sectors mentioned in Measure 3 will be waived for a period of six months; and (ii) No amount/estimate: Effective April 1 for six months, an interim fiscal package has been deployed to support SMEs and self-employed groups in sectors such as tourism, hospitality, transport and restaurants. The fiscal measures include amongst others, the deferment of payments on Employees Trust Fund (TAP) and Supplementary Contributory Pension (SCP) contributions, discounts on corporate income taxes, rents and utilities.
|Brunei Darussalam||05A||05A - Health support||BND|
|Brunei Darussalam||05B||05B - Income support||BND|
|Brunei Darussalam||07||07 - Central bank financing government||BND|
|Brunei Darussalam||07A||07A - Direct lending and reserve drawdown||BND|
|Brunei Darussalam||07B||07B - Secondary purchase: government securities||BND|
|Cambodia||05||05 - Health and income support||KHR||648,923,636,363||160,000,000|
|Cambodia||05A||05A - Health support||KHR||243,346,363,636||60,000,000||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 June 2020).||
April, Additional fiscal resources to the health sector of around USD60 million (around 0.2% of GDP) are expected.
|Cambodia||05B||05B - Income support||KHR||405,577,272,727||100,000,000||RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020); Australian Embassy in Cambodia. https://cambodia.embassy.gov.au/files/penh/20200624-Media-Release-Australia-and-Germany-support-historic-cash-transfer-English.pdf (accessed 26 June 2020).||
(i) No amount/estimate: April, Support to tourism sector including (a) exemption from all monthly taxes for two months (June to July 2020) for hotels, guesthouses, restaurants and travel agencies registered with the General Department of Taxation, and whose business activities are operated in Phnom Penh, Siem Reap, Preah Sihanouk, Kep, Kampot, Bavet city, and Poipet city; (b) non-payment of the National Social Security Fund (NSSF) during the business suspension; (c) exemption from the renewal fees for tourism licenses of all types for 2021 (See Measure 10: No breakdown); (ii) No amount/estimate: April, Exemption of all airlines registered in Cambodia from minimum tax for two more months from June to July 2020 (See Measure 10: No breakdown); (iii) No amount/estimate: May 26, Loosen the application of withholding tax for local and overseas lenders by about 5% to 10% ; (iv) May 26, Extend the coverage and amount of the budget for the “cash for work program” in 2020 to USD100 million to absorb the labor force who have lost employment from the factories/enterprises and returned home from the foreign countries, to support the local people’s living standards, and to bring about socioeconomic achievements through the construction of small local physical infrastructures to enhance the agricultural and economic sectors ; (v) No amount/estimate: June, The Royal Government will introduce in June 2020 a social protection program during the COVID-19 crisis to support the daily livelihoods of poor and vulnerable families across the country holding Equity Cards, with attention to children below 5 years old, people with disabilities, old people aged 60 and over, and the people living with HIV in those poor families. On June 24, the government launched the emergency cash transfer program, with support from international donors [update].
|Cambodia||07||07 - Central bank financing government||KHR|
|Cambodia||07A||07A - Direct lending and reserve drawdown||KHR|
|Cambodia||07B||07B - Secondary purchase: government securities||KHR|
|Indonesia||05||05 - Health and income support||IDR||560,445,200,000,000||36,884,562,017||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 27 May 2020). MOF (as of June 4).||
In addition to the first two fiscal packages amounting to IDR33.2 trillion (0.2% of GDP), the government announced a major stimulus package of IDR405 trillion (2.6% of GDP) on March 31, 2020, including IDR255 trillion (1.6% of GDP) in additional spending and tax reliefs, which was further expanded to IDR641 trillion (3.9% of GDP) on May 19. As of June 4, the government's fiscal package amounted to IDR677.2 trillion according to the Ministry of Finance. The stimulus packages comprise (i) support to the health care sector to boost testing and treatment capability for COVID-19 cases, (ii) increased benefits and broader coverage of existing social assistance schemes to low-income households such as food aid, conditional cash transfers, and electricity subsidy, (iii) expanded unemployment benefits, including for workers in the informal sector, (iv) tax reliefs, including for the tourism sector and individuals (with an income ceiling), and (v) permanent reductions of the corporate income tax rate from 25% to 22% in 2020−21 and 20% starting in 2022.
|Indonesia||05A||05A - Health support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020).||
(i) March 13, The second fiscal package includes incentives for medical staff dealing with COVID-19 (IDR 15 million to medical specialists, IDR 10 million to physicians and dentists, IDR 7.5 million to nurses and IDR 5 million to other medical staff members; IDR 300 million in case of death of a medical worker) for a budget of IDR 6.1 trillion; (ii) March 31, Under the third fiscal package, authorities announced an additional IDR75 trillion for healthcare; (iii) May 13, See (ii) under Measure 5B.
|Indonesia||05B||05B - Income support||IDR||OECD. http://www.oecd.org/coronavirus/en/ (accessed 5 May 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). MOF. https://www.kemenkeu.go.id/publikasi/berita/bumn-juga-masuk-program-pemulihan-ekonomi-nasional/ (accessed 22 May 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/ini-cara-agar-umkm-bisa-mengajukan-pembebasan-pph-final-0-5/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pmk-652020-harapan-bagi-umkm-bertahan-dengan-subsidi-bunga-pemerintah/ (accessed 25 June 2020). Ministry of Finance. https://www.kemenkeu.go.id/publikasi/berita/pemerintah-siapkan-subsidi-bunga-umkm-total-rp35-2-triliun/ (accessed 25 June 2020). Reuters. https://www.reuters.com/article/us-health-coronavirus-indonesia-taxbreak/indonesia-gives-tax-break-to-makers-of-personal-protective-equipment-idUSKBN23Q1KN?il=0 (accessed 19 June 2020).||
No amount/estimate: (i) The government announced plans to reduce the number of restricted import goods by up to 50 percent on steel producers, and their derivatives, strategic food products (manufacturing industry inputs); horticultural commodities; animals & animal products; medicine, medicinal ingredients food. (ii) May 13, Postponing the payment of excise duties on imports of certain goods and temporary elimination of import tariffs, VAT and income taxes on certain medical and pharmaceutical products used in the treatment of COVID-19. (iii) May 19, The Ministry of Finance will provide subsidies, compensation, State Capital Inclusion, and bailout fund to maintain the sustainability of state-owned enterprises (SOEs) under the expanded fiscal package announced in May 19 in Measure 5. Total government support to SOEs is IDR104.38 trillion for Above The Line funds and IDR44.92 trillion for Below The Line funds. (iv) June 17, Final income tax exemption of 0.5% of the gross circulation borne by the government for April to September 2020 for MSMEs conditional on gross income not exceeding IDR4.6 billion a year. [update] (v) June 18, IDR10 billion interest rate subsidy for MSMEs in as part of the National Economic Recovery Program. [update] (vi) June 19, IDR35.2 trillion in interest rate subsidies for banks and non-bank financial institutions as part of the National Economic Recovery Program. [update] (vii) June 19, Authorities announced a taxbreak for manufacturers of personal protective equipment and household antiseptic products by offsetting 30% of production costs between March and September 2020 against taxable income. [update]
|Indonesia||07||07 - Central bank financing government||IDR||192,280,000,000,000||12,654,517,488|
|Indonesia||07A||07A - Direct lending and reserve drawdown||IDR||26,070,000,000,000||1,715,744,076||The Jakarta Post. https://www.thejakartapost.com/news/2020/04/23/bank-indonesia-buys-108m-of-government-bonds-at-auction-first-time-since-rule-change.html (accessed 27 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020). BI. https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Perkembangan-Terkini-Perekonomian-dan-Langkah-BI-dalam-Hadapi-COVID-19-28-Mei-2020.aspx (accessed 2 June 2020). BI. https://www.bi.go.id/en/ruang-media/info-terbaru/Pages/Perkembangan-Terkini-Perekonomian-dan-Langkah-BI-dalam-Hadapi-COVID-19-5-Juni-2020.aspx (accessed 10 June 2020).||
(i) April 21, BI directly purchased IDR1.7 trillion (USD108 million) worth of sharia sovereign bonds during an auction held by the government for the first time. As of May 28, BI has purchased IDR23.98 trillion in the primary market. In the first week of June, BI made an additional IDR2.09 trillion worth of purchases in the primary market. (ii) No amount/estimate: In line with BI's expanded financial stability mandate as mentioned in (v) of Measure 1A, BI is authorized to finance the deposit insurance agency (LPS) for bank solvency problems.
|Indonesia||07B||07B - Secondary purchase: government securities||IDR||166,210,000,000,000||10,938,773,412||Bank Indonesia. https://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_223020.aspx; https://www.bi.go.id/id/ruang-media/info-terbaru/Pages/BI-Terbitkan-Ketentuan-Pelaksanaan-Lelang-SUN-dan-atau-SBSN-Jangka-Panjang-di-Pasar-Perdana.aspx (accessed 27 April 2020); IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020).||
(i) From January to April, IDR166.21 trillion purchases of government securities (SBN) in the secondary market by BI.
|Lao PDR||05||05 - Health and income support||LAK||70,000,000,000||7,869,126|
|Lao PDR||05A||05A - Health support||LAK||30,000,000,000||3,372,483||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 1 May 2020).||
April, LAK10 billion has been allocated for prevention and control. May, The amount allocated increased to LAK30 billion.
|Lao PDR||05B||05B - Income support||LAK||40,000,000,000||4,496,644||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 7 May 2020).||
No amount/estimate: April, Recent mitigation policies include (i) income tax exemption for both civil servants and employees of the private sector with income less than LAK5 million per month for 3 months, (ii) profit tax exemption for microenterprises with annual income between LAK50–LAK400 million for 3 months, (iii) duty fee exemption for imports of goods to be used toward the outbreak, (iv) deferring tax collection from tourism-related businesses for 3 months, (v) postponing mandatory contribution to social security by affected businesses for 3 months, and (vi) extending the submission of the 2019 financial report (annual tax filing) by 1 month and road tax payment by 3 months; and (vii) May, The government has agreed with an allowance of LAK500,000 per worker who currently participates in the Social Security Scheme. Of the 170,000 members, close to 80,000 will benefit from this scheme through June (Note that the estimated amount is LAK40 billion).
|Lao PDR||07||07 - Central bank financing government||LAK|
|Lao PDR||07A||07A - Direct lending and reserve drawdown||LAK|
|Lao PDR||07B||07B - Secondary purchase: government securities||LAK|
|Malaysia||05||05 - Health and income support||MYR||94,003,100,000||21,882,559,709|
|Malaysia||05A||05A - Health support||MYR||2,150,000,000||500,488,850||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); World Trade Organization (WTO). https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 19 April 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020).||
(i) No amount/estimate: March 23, Temporary elimination of import tariffs on face masks; (ii) March 27, in PRIHATIN: (a) To curb the spread of COVID-19 outbreak, the Government announced an allocation of MYR500 million to the Ministry of Health (MOH). This allocation is to purchase medical apparatus such as ventilators and ICU equipment, personal protective equipment (PPE) for public medical personnel as well as laboratory requirements for testing COVID-19; and (b) The Government is also allocating an additional MYR1 billion to purchase equipment and services, which include obtaining medical expertise from private healthcare service providers to contain the outbreak; (iii) No amount/estimate: March 30, Temporary elimination of import tariffs on raw materials, undenatured ethyl alcohol and denatured ethyl alcohol used for the production of hand sanitizers. Imports also exempted from sales taxes and excise duties; (iv) June 5 in Short-term National Economic Recovery Plan or PENJANA: (a) The government will double the existing allocation for the PEKA B40 Programme to a total of MYR100 million (amount is MYR50 million only) in order to fund health screening, medical device assistance, cancer treatment incentives, and subsidy for transportation for health for the B40 group; and (b) Tax relief for COVID-19 related expenses, amounting to MYR600 million, to encourage businesses to adapt to new norms and adhere to SOPs: extend the period and expand the scope of expenses allowed as tax deduction or capital allowance for COVID-19’s prevention, including COVID-19 testing and purchase of PPE and thermal scanners.
|Malaysia||05B||05B - Income support||MYR||91,853,100,000||21,382,070,860||Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/03/speech-text-prihatin-esp/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/04/langkah-tambahan-bagi-pakej-rangsangan-ekonomi-prihatin-rakyat-prihatin/ (accessed 19 April 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf (accessed 19 April 2020); ASEAN Briefing. https://www.aseanbriefing.com/news/malaysia-provides-funding-smes/ (accessed 19 April 2020); Zico Law. https://www.zicolaw.com/resources/alerts/covid-19-update-extension-of-mco-and-economic-stimulus-packages/ (accessed 19 April 2020); Ministry of Finance. https://penjana.treasury.gov.my/pdf/PENJANA-Booklet-En-v3.pdf (accessed 26 June 2020).||
(i) March 27 in PRIHATIN: (a) The Government will provide a one-off cash assistance, Bantuan Prihatin Nasional (BPN) with an allocation of MYR10 billion. Among the beneficiaries include employees in the private sector, FELDA settlers, farmers, fishermen and small traders; (b) The remaining cash transfers under the Bantuan Sara Hidup (BSH) program totaling MYR3.2 billion will be paid out in July 2020; (c) The support totaling MYR270 million is targeted for students at various levels of tertiary education; (d) The Government will work together with non-governmental organizations (NGOs) and relevant social entrepreneurs to provide food assistance, healthcare and shelters to the vulnerable groups such as senior citizens and children in shelters, the disabled, homeless and orang asal with a total allocation of MYR25 million; (e) The Government rental exemption for the Projek Perumahan Rakyat (PPR) with a cost of MYR3 million borne by the Government; (f) For the rent-to-own (RTO) units, a six-month moratorium is provided effective April until September 2020, involving 4,649 RTO units at MYR5.7 million; (g) No amount/estimate: As for Public Housing, the Kuala Lumpur City Hall will provide similar exemption which will benefit more than 40,000 tenants; (h) No amount/estimate: The Government has also approved a 6-month lease exemption on all premises owned by the Federal Government; (i) The Government with Tenaga Nasional Berhad (TNB) will increase the allocation of discount on electricity bill to MYR530 million, with the introduction of a tiered-discount system for households; (j) The Government will provide a one-off cash assistance of MYR500 to more than 1.5 million civil servants of grade 56 and below, including contract workers [The estimated amount is MYR750 million]; (k) More than 850,000 Government pensioners will be given a one-off assistance of MYR500 in April 2020 [The estimated amount is MYR425 million]; (l) The Government will allocate MYR1 billion for Food Security Fund; (m) The Government provides MYR100 million for the development of infrastructure for food storage and distribution as well as crop integration program and also allocates MYR64.4 million to viable Pertubuhan Peladang Kawasan and Pertubuhan Nelayan Kawasan. This is to develop agro-food projects that are capable of generating income within three to six months; (n) The Government will introduce Wage Subsidy Program to assist employers in retaining their workers with an allocation of MYR5.9 billion; (o) The Government will provide a one-off cash assistance of MYR500 to 120,000 e-hailing drivers with a total allocation of MYR60 million; (p) The Government has agreed to pay salaries to the workers of service contractors despite their absence during the MCO amounting to MYR110 million; (q) The Employees Provident Fund (EPF) includes options for deferring payments, restructuring and rescheduling of employers' contributions. The measure is expected to provide cashflow to employers which is estimated at MYR10 billion; (r) Exempt payment for Human Resources Development Fund (HRDF) levy across all sectors for six months beginning April 2020. This measure is expected to assist companies’ cashflow with a total savings of MYR440 million; (s) No amount/estimate: The Government, allows the postponement of income tax instalment payments to all SMEs for three months beginning April 1; (t) The Government has identified several small projects such as improving roads, upgrading dilapidated schools in Sabah and Sarawak, cleaning houses of worship and police stations as well as upgrading tourism facilities with an allocation of MYR2 billion; (u) The Government will provide a direct fiscal injection of MYR25 billion to ease the burden of rakyat and businesses; (v) The Government in collaboration with telecommunication companies will provide free internet services to all customers during MCO period starting April, amounting to MYR600 million; (ii) April 6 in PRIHATIN PLUS, The Malaysian government issued extra funding worth MYR10 billion intended to help SMEs manage their cashflow and to retain employees: (a) The wage subsidy program announced on March 27 will be expanded from MYR5.9 billion to MYR13.8 billion, an increase of MYR7.9 billion; and (b) Special PRIHATIN Grant (GKP) amounting to MYR2.1 billion will be established for eligible micro enterprises. A grant of MYR3,000 will be provided to each company, benefitting almost 700,000 micro enterprises; (iii) June 5, in Short-term National Economic Recovery Plan or PENJANA: (a) The wage subsidy program, amounting to MYR5.3 billion, will be extended for a further 3 months with a subsidy of MYR600 per employee for all eligible employers; (b) No amount/estimate: The National Employment Services under PERKESO will be upgraded by enhancing the job portal and employment placement services and collaborating with the private job sites for employment matching; (c) The Government will introduce incentives, amounting to MYR1.5 billion, to encourage the hiring of the unemployed; (d) A MYR2 billion fund will be dedicated to reskilling and upskilling programs for Youth and Unemployed Workers; (e) The Government will facilitate policies to support the growth of the gig economy and the welfare of gig economy workers. This amounts to MYR75 million; (f) The Government allotted MYR800 million to support employers and employees as work-from-home arrangement is encouraged; (g) To ease the transition to the new normal of working-from-home, the Government will support working parents through the subsidy of child care expenses. There will also be incentives to encourage child care centers to comply with the new normal and to incentivize certification of early education practitioners. These measures amount to MYR200 million; (h) Under Public Transport Subsidy amounting to MYR200 million, the Government will introduce an unlimited monthly travel pass costing MYR30 for use on all rail services (MRT, LRT, Monorail), BRT, RapidKL buses and MRT feeder buses; (i) Social assistance support, amounting to MYR108 million, will be provided to identified vulnerable groups: (1) Persons with disabilities (OKU): 185,713 recipients costing MYR55.7 million, (2) Home Help Services: 1,815 recipients costing MYR544,500, and (3) Registered single mothers: 1,350 recipients costing MYR405,000; (j) To enable the transition to the new normal of remote learning and work, MYR3 billion support will be provided to increase internet connectivity for education, productivity (video conference applications) and news; (k) Eligible microenterprises and SMEs will be onboarded to shift towards business digitalization through a co-funded program with MDEC and e-commerce platforms. This Micros and SMEs e-commerce campaign amounts to MYR70 million; (l) The Government will collaborate with e-commerce platforms to co-fund digital discount vouchers, amounting to MYR70 million. This is done to encourage spending on products from local retailers; (m) The Government will continue to provide grants to eligible enterprises for adoption or subscription of digitalization services under the SME Digitalization Matching Grant totaling MYR100 million, in partnership with telecommunication companies and the Smart Automation Grant totaling MYR100 million, capped at up to MYR1 million per company; (n) An online one-stop business advisory platform for the microenterprises and SMEs, amounting to MYR5 million, will be set up to enhance the outreach of the existing physical SME Hub; (o) MYR2.4 billion is allocated to ease financial stress on businesses through remissions of penalties related to late tax payments; (p) To encourage and sustain the role of social enterprise in promoting responsible business, the Government will provide a matching grant through Malaysian Global Innovation & Creativity Centre (MaGIC) totaling MYR10 million to social enterprises who are able to crowdsource contributions and donations to undertake social projects that will address the challenges faced by targeted communities through innovative ways; (q) To catalyze establishment of new businesses, financial relief, amounting to MYR300 million, will be provided in the form of income tax rebate for newly established SME and stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisition; (r) National Technology and Innovation Sandbox, amounting to MYR100 million, will be developed to pilot new technology solutions and provide relaxation of regulations to text new technology solutions (e.g. drone delivery, autonomous vehicles); (s) Accelerate the digitalization of government services, amounting to MYR20 million, to reduce face-to-face transactions; (t) National “Buy Malaysia” Campaign, amounting to MYR20 million, to encourage the consumption of Malaysia-made products and services; (u) ePENJANA credits in e-wallet, amounting to MYR750 million, to encourage contact-free payment and to boost consumer spending; (v) Incentives for Property Sector, amounting to MYR1 billion, to stimulate the property market and provide financial relief to home buyers; (w) Tax incentives for purchase of passenger cars, amounting to MYR897 million; (x) An allocation of MYR20 million to encourage transition away from the traditional working hours concept of 9 AM to 5 PM towards extended working hours on shifts-basis; (y) An allocation of MYR50 million to attract foreign companies to relocate their business into Malaysia by addressing the risk of re-shoring; (z) Tax incentives for the tourism sector amounting to MYR1.8 billion; (aa) Dedicated funding and support for the arts, culture, entertainment, events and exhibitions sector amounting to MYR225 million; (ab) Part of the Agriculture and Food Sector Support amounting to MYR50 million is allocated to agro-food workforce mobility via incentives for pioneer companies to train and educate workforce to explore opportunities in agriculture and plantations and in-kind benefits for Urban Farming (e.g. Fertilizers, Seeds, Infrastructure, Equipment, Advisory and Training) worth MYR500 per person and MYR50,000 per community; (ac) Support the commodity sector through 100% export duty exemption from 1 July 2020 to 31 December 2020. This amounts to MYR200 million.
|Malaysia||07||07 - Central bank financing government||MYR||8,495,392,020||1,977,604,176|
|Malaysia||07A||07A - Direct lending and reserve drawdown||MYR|
|Malaysia||07B||07B - Secondary purchase: government securities||MYR||8,495,392,020||1,977,604,176||Bank Negara Malaysia. https://www.bnm.gov.my/web/guest/bnmstatement/-/tag/bnmstats-2020 (accessed 26 June 2020).||
15 June 2020, The Malaysian Government Papers purchased by the Bank Negara Malaysia amounted to MYR10.47 billion. This is equal to an increase of MYR8.50 billion from 31 December 2019 (total of MYR1.98 billion) [update].
|Myanmar||05||05 - Health and income support||MMK||38,300,000,000||27,318,117|
|Myanmar||05A||05A - Health support||MMK||300,000,000||213,980||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020); KPMG. https://home.kpmg/xx/en/home/insights/2020/04/myanmar-government-and-institution-measures-in-response-to-covid.html (accessed on 28 May 2020).||
(i) April, The allotment of MMK300 million (USD0.2 million) to the Ministry of Health and Sports for additional health-related expenditures; (ii) No amount/estimate: April, Waiver of the “specific goods tax,” customs duties, and commercial tax on “critical” medical supplies and products related to the prevention, control, and treatment of COVID-19.
|Myanmar||05B||05B - Income support||MMK||38,000,000,000||27,104,137||IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 5 June 2020).||
No amount/estimate: (i) April, Income and commercial tax payments due in the second and third quarters of the fiscal year have been made extendable to the end of the fiscal year, and an exemption for the 2% advance income tax on exports to the end of the fiscal year has been announced; (ii) Households without a regular income will be provided for with food during the upcoming long holidays; and electric bills, for up to 150 units, are exempt for most until the end of April; (iii) The Ministry of Hotels and Tourism announced that fee for renewal license of hotels and tourism businesses will be exempted for one year up to the end of March 2021; (iv) Starting April 20, the customs department has reduced duties for businesses operating with the Myanmar Automated Cargo Clearance System; (v) April, The Ministry of Labour, Immigration and Population will provide 40% of the social security fees for about 1.3 million insured workers from factories and workshops that are temporarily suspended for health inspections; (vi) April, The National Food Reserve has been allocated MMK38 billion.
|Myanmar||07||07 - Central bank financing government||MMK|
|Myanmar||07A||07A - Direct lending and reserve drawdown||MMK|
|Myanmar||07B||07B - Secondary purchase: government securities||MMK|
|Philippines||05||05 - Health and income support||PHP||523,046,000,000||10,275,226,114|
|Philippines||05A||05A - Health support||PHP||58,600,000,000||1,151,195,593||Department of Finance. WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). DOF. https://www.dof.gov.ph/report-on-covid-19-socioeconomic-response/(accessed 21 May 2020).||
(i) PHP2.9 billion purchase of medical equipment and supplies; (ii) PHP1.8 billion for 1 million personal protective equipment (PPE) sets procured by the Department of Health; (iii) PHP22.1856 billion PhilHealth medical expenses coverage for COVID-19 patients and assistance to health workers, which includes PhilHealth medical coverage, compensation for severe infection, and death benefit; (iv) PHP420.6 million for COVID-19 medical coverage; (iv) Allocation of PHP53.2 million by the Department of Science and Technology for production of test kits developed by the University of the Philippines - National Institute of Health; (vi) PHP2.7015 expedited clearance and tax and duty-exempt importations of PPE and medical goods; (vii) PHP 511.8 million compensation for private facilities used for the purpose of fighting COVID-19; (viii) Healthcare equipment and supplies exempted from import duties, taxes and other fees; (ix) Tax exemptions for donations of cash, critical healthcare equipment, relief goods, and the use of property for fighting COVID-19. (x) May 5, Temporary elimination of tariffs and other taxes and fees on qualified manufacturers and suppliers of medicines, medical equipment and devices, or articles needed in the supply chain, among others; (xi) May 19, The Department of Finance announced that a total of PHP58.6 billion have been marshalled to support frontline workers and increase health system capacity.
|Philippines||05B||05B - Income support||PHP||464,446,000,000||9,124,030,520||Department of Finance||
(i) PHP205 billion emergency subsidy program for 18 million low-income families in the informal sector; (ii) PHP51 billion wage subsidy for employees of small businesses that closed during the enhanced community quarantine; (iii) PHP30 billion additional assistance to local governments to support vulnerable sectors; (iv) PHP16.5 billion for rice programs of the Department of Agriculture (DA) and Department of Trade and Industry (DTI) to boost the buffer stock; (v) PHP1.5 billion Department of Labor and Employment (DOLE) assistance for Overseas Filipino Workers; (vi) PHP2 billion DOLE cash assistance program for displaced workers; (vii) PHP1.2 billion Social Security System assistance to cover unemployment benefits; (viii) PHP3 billion for Technical Education and Skills Development Authority online programs to upskill workers; (ix) PHP470 million deferment of filing, payment of taxes, and temporary exemptions; (x) PHP139.596 billion net operating loss carryover (NOLCO) of five years to help business cope with losses; (xi) PHP180 million emergency employment program by the DOLE for informal sector workers; (xii) PHP14 billion from the Tourism Infrastructure and Enterprise Zone Authority to support the tourism industry.
|Philippines||07||07 - Central bank financing government||PHP||382,000,000,000||7,504,380,830|
|Philippines||07A||07A - Direct lending and reserve drawdown||PHP||320,000,000,000||6,286,392,318||BSP. http://www.bsp.gov.ph/publications/media.asp?id=5329 (accessed 7 April 2020). BSP. http://www.bsp.gov.ph/publications/media.asp?id=5336 (accessed 21 May 2020).||
(i) March 23, To further support the Filipino people during the COVID-19 pandemic, the Monetary Board authorized the Bangko Sentral ng Pilipinas (BSP) to purchase government securities from the Bureau of Treasury under a repurchase agreement in the amount of PHP300 billion with a maximum repayment period of 6 months. (ii) March 26, The BSP remitted PHP20 billion pesos in dividends to the national government despite no longer being required to do so under its newly amended charter.
|Philippines||07B||07B - Secondary purchase: government securities||PHP||62,000,000,000||1,217,988,512||BSP. http://www.bsp.gov.ph/publications/media.asp?id=5352 (accessed 1 May 2020). BIS. https://www.bis.org/review/r200427a.htm (accessed 28 April 2020).||
(i) March 24, BSP opened a daily one-hour window to purchase selected highly traded and liquid government securities from banks at market prices; (ii) From 8 April, all peso-denominated government securities issuances could be purchased by the BSP. Window will remain open between April and June 2020, or until market conditions return to normal; (iii) As of April 22, PHP62 billion in government securities (GS) have been purchased by the Bangko Sentral ng Pilipinas (BSP) as part of expanded GS purchases that began on March 24.