Sum of Measures 1—5 (Total Package)
|Measure||Amount (Local)||Amount (USD)||Details||Update||Source|
|01 - Liquidity Support info_outline||MYR78,550,000,000||USD18,285,301,923|
|01A - Short-term lending info_outline||MYR32,550,000,000||USD7,577,168,397||
(i) Since March 2020, Bank Negara Malaysia has provided additional liquidity of approximately MYR42 billion (as of 5 May 2020) into the domestic financial markets, via various tools including outright purchase of government securities, reverse repos and the reduction in Statutory Reserve Requirement [MYR16 billion in Measure 1B is subtracted from MYR42 billion]; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) To aid the tourism sector, a MYR1 billion PENJANA Tourism Financing (PTF) facility will be made available to finance transformation initiatives by SMEs in the tourism sector to enable them to remain viable and competitive in the new normal; (b) SME Go-Scheme for Liquidity Support amounting to MYR1.6 billion: SME Bank will provide financing support to contractors and vendors who were awarded with small government projects under the Pakej Rangsangan Ekonomi (PRE) 2020 and the PRIHATIN stimulus package; (c) No amount/estimate: To provide relief to SMEs’ cash flows, the Government is encouraging government-linked companies (GLCs) and large corporations to accelerate their vendors’ payment terms; (iii) 18 January 2021 in PERMAI, To assist the cash flow of microenterprises and SMEs, the government will expedite the implementation of microcredit schemes that had been announced previously. The implementation of MYR1 billion microcredit facilities include soft loans amounting to MYR390 million by Bank Simpanan Nasional, MYR350 million by Agrobank, and MYR295 million by TEKUN; (iv) 17 March 2021 in PEMERKASA: (a) Through Bank Simpanan Nasional, MYR300 million fund will be provided for microcredit facilities (with a financing limit of up to MYR50,000, where the interest rate has been reduced to 3.0% from 3.5%); (b) SME Corporation will provide MYR50 million to help local small and medium enterprises obtain financing of up to MYR250,000 at an interest rate as low as 3.0%; (v) 31 May 2021 in PEMERKASA PLUS, Government agencies, namely, Majlis Amanah Rakyat (MARA), Bank Simpanan Nasional (BSN) and National Entrepreneur Group Economic Fund (TEKUN), and the Small and Medium Enterprises Corporation have allocated a further MYR1.5 billion as microcredit working capital for microenterprises. The financing rates will be as low as 3%; (vi) 28 June 2021 in PEMULIH, There is an additional MYR1.1 billion in financing facilities for microenterprises provided by: (a) Bank Simpanan Nasional, MYR500 million, (b) AgroBank, MYR500 million, and (c) the National Entrepreneur Group Economic Fund, MYR100 million. This additional funding, together with the existing funding, means MYR3 billion is available for microenterprises in financing.
|01B - Support policies for short-term lending info_outline||MYR46,000,000,000||USD10,708,133,526||
(i) No amount/estimate: 20 March 2020, Bank Negara Malaysia (BNM) lowered the Statutory Reserve Requirement (SRR) Ratio by 100 basis points to 2%. 5 May 2020, SRR remains at 2%. 20 January 2021, SRR remains unchanged at 2%; (ii) 5 May 2020, Bank Negara Malaysia (BNM) announced that Malaysian Government Securities (MGS) and Malaysian Government Investment Issues (MGII) can be used by banking institutions to fully meet the SRR compliance effective 16 May 2020. This flexibility is available until May 31, 2021. This measure will release approximately MYR16 billion worth of liquidity into the banking system. 20 January 2021, BNM announced the extension of the flexibility for banking institutions to use MGS and MGII to meet the SRR compliance until 31 December 2022. Since March 2020, the reduction in the SRR ratio by 100 basis points and flexibility to recognize MGS and MGII as part of SRR compliance have released approximately MYR46 billion worth of liquidity into the banking system.
|01C - Forex operations info_outline|
|02 - Credit creation info_outline||MYR77,500,000,000||USD18,040,877,136|
|02A - Financial sector lending/funding info_outline|
|02B - Support policies for long-term lending info_outline|
|02B1 - Interest rate adjustments||
No amount/estimate: (i) 3 March 2020, BNM lowered the Overnight Policy Rate (OPR) by 25 basis points to 2.5%. 5 May 2020, OPR dropped by 50 basis points to 2%. The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.25% and 1.75%, respectively. 7 July 2020, The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the OPR by 25 basis points to 1.75%. 3 November 2020, The MPC decided to maintain its OPR at 1.75%. The ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.00% and 1.50%, respectively. 20 January 2021, 4 March 2021, and 8 July 2021, The MPC decided to maintain its OPR at 1.75%; (ii) 27 March 2020 in PRIHATIN, Special Relief Facility (SRF) interest rate is reduced from 3.75% to 3.5%.
|02B2 - Other policies to support long-term lending||
No amount/estimate: (i) 24 March 2020, The Securities Commission Malaysia (SC) waived annual licensing fees for capital market licensed entities; (ii) 25 March 2020, BNM announced measures temporarily easing regulatory and supervisory compliance on banks to enable them to support loan deferment and restructuring; (iii) 10 April 2020, The Companies Commission of Malaysia announced measures to enhance protection of distressed companies against liquidation; (iv) 16 April 2020, SC announced regulatory relief measures for public listed companies.
|02C - Loan guarantees||MYR77,500,000,000||USD18,040,877,136||
(i) 27 March 2020 in PRIHATIN, The Government will also provide a MYR50 billion guarantee scheme up to 80% of the loan amount for financing working capital requirements. The minimum guaranteed loan size is MYR20 million per company; (ii) 18 January 2021 in PERMAI: (a) No amount/estimate: Under the previous package in (i), the government announced the Danajamin Guarantee Scheme, or SJPD amounting to MYR50 billion, to support the private sector’s growth and boost the country’s economy. As part of the enhanced measure, the government will: (1) increase the maximum financing from MYR500 million to MYR1 billion; (2) expand the scope of financing to cover working capital with a guarantee period of up to 10 years; and (3) allow foreign-owned companies operating in Malaysia to also obtain the SJPD guarantee provided that Malaysian employees account for at least 75% of their workforce. The government hopes that the improved SJPD will help promote growth of the private sector and retain Malaysia’s position as an investment destination of choice; (b) Syarikat Jaminan Pembiayaan Perniagaan will introduce a Bus and Taxi Hire Purchase Rehabilitation Scheme. Under this scheme, a 50% guarantee on financing from hire purchase and leasing companies will be provided for selected buses such as sightseeing buses and taxis. Through this, bus and taxi operators can restructure their financing and enjoy a 12-month moratorium and lower monthly repayments. A guarantee of MYR1 billion will be provided for this purpose; (iii) 28 June 2021 in PEMULIH, The government increased the ceiling of its guarantee scheme from MYR10 billion to MYR36.5 billion to assist small and medium-sized enterprises (SMEs) in 2021. The program is administered by the Syarikat Jaminan Pembiayaan Perniagaan Berhad (SJPP), a company wholly owned by Malaysia’s Ministry of Finance to administer and manage government guarantee schemes. The scheme is available to SMEs in all sectors with at least 51% of their shares controlled by a Malaysian. The minimum financing amount from this program is MYR100,000 and the maximum is MYR10 million.
|03 - Direct long-term lending info_outline||MYR116,149,200,000||USD27,037,850,924|
|03A - Long-term lending info_outline||MYR15,250,000,000||USD3,549,979,049||
(i) 27 March 2020 in PRIHATIN: (a) Increasing the size of the All Economic Sector (AES) Facility Fund by MYR1 billion to MYR6.8 billion to enhance access to financing for SMEs. The maximum tenure is 5 years; (b) Increasing the size of the Special Relief Facility (SRF) fund by MYR3 billion to MYR5 billion for small and medium-sized enterprises (SMEs). The maximum tenure is 5.5 years including 6 months moratorium; and (c) Providing additional funds of MYR500 million under the Micro Credit Scheme to a total of MYR700 million for soft loans at 2% interest rate without collateral. Loan eligibility requirements are also relaxed to a minimum of 6 months of operation compared to 1 year of operation. The maximum tenure is 5 years; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) The Government will continue to provide loans to eligible enterprises for adoption or subscription of digitalization services under the SME Technology Transformation Fund totalling MYR500 million loan; (b) Under PENJANA SME Financing Facility, the banking sector will offer an additional MYR2 billion of funding to assist SMEs adversely impacted by COVID-19 sustain business operations at a concession rate of 3.5%; (c) PENJANA microfinancing, amounting to MYR400 million is a new funding program for SMEs and microenterprises at an interest rate of 3.5%. Aggregated approved financing will be capped at MYR50,000 per enterprise, and MYR50 million is earmarked for women entrepreneurs; (d) Bumiputera Relief Financing amounting to MYR500 million: (1) Perbadanan Usahawan Nasional Berhad (PUNB) will provide MYR200 million dedicated financial assistance for Bumiputera-owned businesses in the form of working capital, operational expenditure, system automation, equipment and expenditure to implement social distancing practices (eg. on PPEs), and financing of MYR100,000 – MYR1 million for up to 5 years at 3.5% per annum interest rate with moratorium of up to 6 months from disbursement; and (2) Through Majlis Amanah Rakyat (MARA) the Government will also allocate MYR300 million working capital loans to assist affected Bumiputera entrepreneurs including training colleges. Maximum loan amount of MYR1 million with 3.5% per annum interest rate; (e) Part of the Agriculture and Food Sector Support amounting to MYR350 million is allocated to microcredit financing under Agrobank for agropreneurs (including commodity players) with interest rate of 3.5%. Maximum loan size is MYR50,000, and tenure of loan is 5 years; (iii) 1 December 2020, As announced in the Budget 2021 speech, BNM is establishing a MYR2 billion Targeted Relief and Recovery Facility (TRRF). The facility is aimed at assisting eligible SMEs in the service sector. Eligible SMEs can obtain financing for working capital purposes of up to MYR500,000 for a tenure of up to 7 years, including a repayment moratorium of at least 6 months. The facility is offered at a rate of up to 3.5% per annum and is available through 21 participating financial institutions (PFIs), with guarantee coverage by Credit Guarantee Corporation (CGC) or Syarikat Jaminan Pembiayaan Perniagaan (SJPP). 5 February 2021, BNM will increase the allocation for the Targeted Relief and Recovery Facility by another MYR2 billion, increasing the total allocation of the facility to MYR4 billion. The Facility will be available until 31 December 2021 or full utilization, whichever is earlier. 31 May 2021 in PEMERKASA PLUS, The central bank allocated MYR2 billion of additional funding to the Targeted Relief and Recovery Facility programs. These programs are designed to provide relief for SMEs impacted by the lockdown; (iv) 15 December 2020, As announced in the Budget 2021 speech, BNM is establishing a MYR1 billion High Tech Facility-National Investment Aspirations (HTF-NIA). The facility is aimed at supporting high-tech and innovation-driven SMEs affected by COVID-19 to recover and revitalize the nation’s innovation capacity. Eligible SMEs include: (a) those in advanced manufacturing and service sectors, and (b) SME project participants in key government programs involved in research, development, and innovation for critical technologies. Eligible SMEs can obtain financing of up to MYR1 million for working capital purposes; up to MYR5 million to finance capital expenditure; or a combination of working capital and capital expenditure up to MYR5 million, for a tenure of up to 7 years. This facility is offered at a financing rate of up to 3.5% per annum for financing without guarantee or up to 5% per annum inclusive of guarantee fee (with guarantee coverage by Credit Guarantee Corporation Malaysia Berhad [CGC]).
|03B - Forbearance||MYR100,899,200,000||USD23,487,871,875||
(i) 27 March 2020 in PRIHATIN: (a To assist SMEs and individuals, the Government welcomes the willingness of banking institutions to offer a 6-month moratorium, convert credit card balance to term loans and restructure corporate loans. This measure, amounting to MYR100 billion, is vital to enabling companies to retain employment and immediately resume their business activities. In return, the Government agrees that the bank’s income from interest or profit from loans or financing during the moratorium will only be taxable when the income is received after the moratorium period. 29 July 2020, The government has agreed to further extend the bank loan moratorium for the public. The targeted moratorium extension will run for three months but only for those who lost their jobs this year and are yet to find employment, after that period banks can further extend the help based on individual situation. As for those who are still employed but seen their wages reduced or affected owing to the COVID-19 pandemic, the amount of their monthly loan commitments would be reduced, in line with the quantum of their salary deduction; (b) The Government has previously agreed to defer the Perbadanan Tabung Pendidikan Tinggi Nasional (PTPTN) loan repayment for all borrowers for six months, amounting to MYR750 million; (c) The Government agrees to postpone loan repayment to borrowers of the Skills Development Fund Corporation (PTPK) for the same period beginning April 1 to September 30. With an estimated collection of MYR149.2 million, this initiative will benefit 174,500 borrowers; (ii) 18 January 2021 in PERMAI, No amount/estimate: (a) The moratorium facility, including extension of the moratorium and restructuring of loan repayment will continue to be offered by banks as announced previously. For flood-affected states, 15 banks have offered the loan repayment moratorium. For borrowers facing difficulties in dealing with banks, Bank Negara Malaysia and the Credit Counselling and Debt Management Agency (AKPK) are ready to assist and advise borrowers through the telephone or online; (b) For PTPTN borrowers affected by the COVID-19 pandemic or floods, they can apply for a three-month PTPTN loan repayment moratorium. Application for this moratorium can be made until 31 March 2021; (c) For MARA borrowers, MARA will continue its MARA PRIHATIN Peace of Mind 2.0 Program, where borrowers can apply to reschedule the repayment of MARA education loan facilities, or for business loan moratorium until 31 March 2021. In addition, MARA entrepreneurs affected by COVID-19, MCO and the floods can apply for the MARA business financing rescheduling program; (iii) No amount/estimate: 31 May 2021 in PEMERKASA PLUS, (a) SMEs that are not allowed to operate during the lockdown are given a choice to either take an automatic approval of a three-month loan repayment moratorium or take a 50% reduction in loan repayments for the next six months starting 1 June 2021; (b) Malaysians classified as B40 (bottom 40%) who have lost their employment due to the lockdown will be given an option for automatic approval for a three-month loan repayment moratorium or a 50% reduction in their loan repayments for six months, starting June 2021; As of 28 June 2021, since the introduction of the PEMERKASA PLUS, over 250,000 borrowers have had their moratorium applications automatically approved; (iv) No amount/estimate: 28 June 2021 in PEMULIH, A six-month loan moratorium is available for qualifying MSMEs, as well as individual borrowers categorized as B40, M20, and T20. Borrowers can only choose between a three-month loan repayment moratorium or a 50% reduction in their loan repayments for six months. MSMEs will have to undergo a review by the bank and applications open on 7 July 2021.
|04 - Equity support info_outline||MYR1,200,000,000||USD279,342,614||
5 June 2020 in Short-term National Economic Recovery Plan or PENJANA, An investment fund, amounting to MYR1.2 billion, will be established, which will match institutional private capital investment with selected venture capital and early stage tech fund managers.
|05 - Health and income support||MYR149,343,250,000||USD34,764,944,830|
|05A - Health support||MYR14,800,000,000||USD3,445,225,569||
(i) 27 March 2020 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; (ii) 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; (iii) 18 January 2021 in PERMAI: (a) MYR1 billion for supplies, including additional reagents and screening kits as well as PPE equipment, specifically for healthcare frontliners; (b) MYR3 billion for the COVID-19 Vaccination Programme; (c) MYR150 million for the recruitment of additional 3,500 healthcare personnel who will start working at the end of January 2021. The government will increase the recruitment of healthcare professionals should the need arise to support the immunization program; (d) No amount/estimate: As announced during the Budget 2021 speech, the one-off provision of MYR500 to healthcare frontliners and MYR300 to other frontliners will be paid in the first quarter of 2021. Meanwhile, the existing special monthly allowance of MYR600 to healthcare frontliners and MYR200 to other frontliners will continue until the COVID-19 pandemic is over; (e) MYR100 million to further enhance the cooperation between the public and private sectors in combating the COVID-19 pandemic. Private hospitals have agreed to receive and treat both COVID-19 and non-COVID-19 patients to help alleviate the strain on the public healthcare system; (iv) 17 March 2021 in PEMERKASA, Additional MYR2 billion for immunization program, from MYR3 billion in (iii.b) to MYR5 billion; (v) As of 22 March 2021, the government agreed to compensate individuals who suffer severe adverse effects after being vaccinated for COVID-19. The compensation is capped at MYR500,000 per person; (vi) 26 April 2021, A total of MYR5 billion from the National Trust Fund (KWAN) will be used to expedite the purchase of COVID-19 vaccines; (v) 31 May 2021 in PEMERKASA PLUS, The government allocated MYR1 billion to increase intensive care bed capacity for hospitals under the Health Ministry (MYR450 million) and to support COVID-19 related expenses, such as procurement of medicines (MYR550 million); (vi) No amount/estimate: 4 July 2021, The Institute for Medical Research (IMR), which is under the Health Ministry, is working on two types of COVID-19 vaccines: one using mRNA technology and the other using the inactivated vaccine approach. The COVID-19 vaccine in development in Malaysia is expected to be ready in 2024, and it is also being designed as a booster shot; (vii) No amount/estimate: 6 July 2021, Malaysia will be receiving 14.4 million doses of COVID-19 vaccines this month. These comprise a total of 6.43 million doses of Pfizer vaccine (from Pfizer as well as the donation from the United States), 1.59 million doses of AstraZeneca (delivery of AstraZeneca manufactured in Thailand and donation from Japan) and 6.38 million doses of Sinovac (from Pharmaniaga and donation from People’s Republic of China); (viii) 28 June 2021 in PEMULIH, The government would further accelerate the National COVID-19 Immunization Program or PICK by increasing the allocation of MYR400 million to increase the country's vaccine supply. This means that the total supply of vaccines ordered by the government is enough to cover 130% of the population. As of June 26, 2021, a total of 7 million doses had been successfully supplied to about 5 million people. 15.5% had received the first dose and 6% had received two doses of vaccine injections; (ix) 5 August 2021, Malaysia's Health Ministry granted a conditional approval for the Moderna COVID-19 vaccine for emergency use [update].
|05B - Income support||MYR134,543,250,000||USD31,319,719,261|
|05B1 - Tax and contribution deferrals and policy changes||MYR10,000,000,000||USD2,327,855,114||
(i) 27 March 2020 in PRIHATIN: (a) 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; (b) No amount/estimate: The government, allows the postponement of income tax instalment payments to all SMEs for three months beginning 1 April 2020; (ii) 17 March 2021 in PEMERKASA, No amount/estimate: The government announced initiatives to revitalize the tourism and retail sectors with various tax exemptions and deferment of income tax installment payments; (iii) No amount/estimate: 31 May 2021 in PEMERKASA PLUS, The Inland Revenue Board of Malaysia will consider appeals for the postponement of tax penalties to the year 2022 and will reschedule overdue tax payments for affected taxpayers and businesses.
|05B2 - Tax and contribution rates reduction||MYR3,637,000,000||USD846,640,905||
(i) 27 March 2020 in PRIHATIN, 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; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) Tax incentives for the tourism sector amounting to MYR1.8 billion; (b) Tax incentives for purchase of passenger cars, amounting to MYR897 million; (c) Support the commodity sector through 100% export duty exemption from 1 July 2020 to 31 December 2020. This amounts to MYR200 million; (d) 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; (iii) 18 January 2021 in PERMAI, No amount/estimate: (a) To support more individuals to do COVID-19 screening and detection tests privately, the scope for tax relief relating to full health screening expenses, which was increased from MYR500 to MYR1,000 in Budget 2021, has now been expanded to also cover COVID-19 screening; (b) The government has announced several incentives in the form of tax deductions for donors who have been assisting in cash and in-kind those impacted by the pandemic. Such donors are eligible for a tax deduction based on their gross business income or aggregate income; (c) Special tax relief of up to MYR2,500 on the purchase of mobile phones, computers and tablets which expired on 31 December 2020, will be extended for another year until the end of 2021; (d) To alleviate the burden of SMEs, the Government has given a special tax deduction to any company that provides a reduction of rental on business premises to SMEs of at least 30% from the original rental rate from 1 April 2020 to 31 March 2021. Based on current economic conditions, this special deduction will be expanded to cover the rental reduction also given to non-SMEs. This special deduction period will also be extended until 30 June 2021; (e) To boost the sales of passenger vehicles affected by COVID-19 as part of the PENJANA package, the government announced a sales tax exemption for locally assembled and imported passenger vehicles until 31 December 2020. The government recently announced the extension of this exemption until 30 June 2021; (f) The government currently provides exemption from excise duty and sales tax for the purpose of transfer, disposal and for private use of taxis, provided the vehicle is owned for seven years. This condition has been reduced to five years, effective from 1 January to 31 December 2021; (g) The Human Resources Development Fund will exempt the employer levy for companies that are unable to operate during the MCO and CMCO periods; (iv) No amount/estimate: 31 May 2021 in PEMERKASA PLUS, (a) The government will provide a special income tax deduction to landlords that provide rental reduction of at least 30% to SME and non-SME tenants until 31 December 2021; (b) Under the government’s Home Ownership Campaign (HOC), home buyers are exempt from stamp duty until 31 December 2021; (c) The government extended the sales tax exemption facility for passenger vehicles until 31 December 2021. The sales tax exemption on locally assembled passenger vehicles is up to 100% while the sales tax exemption on completely built-up vehicles is 50%; (v) No amount/estimate: 28 June 2021 in PEMULIH, Businesses unable to operate during the lockdown are exempted from paying the levy to the Human Resources Development Corp (HRD Corp) for two months. The HRD Corp is a mandatory levy payment imposed on employers from all industries. The funds collected go towards providing training and skills upgrading of the Malaysian workforce.
|05B3 - Subsidies to individuals and households||MYR70,526,850,000||USD16,417,628,847||
(i) 27 March 2020 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 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]; (e) More than 850,000 Government pensioners will be given a one-off assistance of MYR500 in April 2020 [The estimated amount is MYR425 million]; (f) The Government will provide a one-off cash assistance of MYR500 to 120,000 e-hailing drivers with a total allocation of MYR60 million; (g) The Government has agreed to pay salaries to the workers of service contractors despite their absence during the MCO amounting to MYR110 million; (h) The Government rental exemption for the Projek Perumahan Rakyat (PPR) with a cost of MYR3 million borne by the Government; (i) 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; (j) No amount/estimate: As for Public Housing, the Kuala Lumpur City Hall will provide similar exemption which will benefit more than 40,000 tenants; (k) No amount/estimate: The Government has also approved a 6-month lease exemption on all premises owned by the Federal Government; (l) 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; (m) provide a direct fiscal injection of MYR25 billion to ease the burden of rakyat and businesses; and (n) 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; (ii) 5 June 2020, in Short-term National Economic Recovery Plan or PENJANA: (a) 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; (b) 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; (c) 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; (d) 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; (e) ePENJANA credits in e-wallet, amounting to MYR750 million, to encourage contact-free payment and to boost consumer spending; (iii) 23 September 2020, The PRIHATIN Supplementary Initiative Package or KITAPRIHATIN, amounting to MYR10 billion, targets four main groups: the bottom 40% income group (B40) who are married and single; M40 group with family and who are single; local workers in various fields and micro-traders in various fields. [Total amount allocated for B40 and M40 is MYR7 billion only under Bantuan Prihatin Nasional 2.0 (BPN 2.0). The remaining amount is allocated for the Wage Subsidy Programme 2.0 and Prihatin Special Grant (GKP)]; (iv) 18 January 2021 in PERMAI: (a) Under Budget 2021, the government has increased the monthly rate of welfare assistance under the Social Welfare Department (JKM) with effect from January 2021. This welfare assistance involves an allocation of MYR2.2 billion and will benefit more than 400,000 recipients; (b) JKM will also implement a Food Basket Program immediately which will provide essential food items worth MYR100 for each eligible household, involving a total allocation of MYR50 million; (c) The government will allocate MYR25 million under the GLIC/GLC Disaster Relief Network program as a matching grant with government-linked companies for social initiatives. This includes the provision of community assistance, including to the elderly, homeless, the disabled and flood victims; (d) No amount/estimate: For those who suffered loss of employment during the MCO enforcement, the government has agreed to relax the conditions for the Employment Insurance System program or SIP PRIHATIN. Employees who do not meet the minimum contribution conditions, or whose contract was not extended after having been renewed for at least 3 times previously, are now eligible to apply for the SIP PRIHATIN assistance of 30% of their monthly salary for a period of 3 months; (e) MYR24 million has been allocated by the government to fund the full contribution under SOCSO’s Self-Employment Social Security Scheme. To date, almost 32,000 applications from delivery riders have been received under the scheme; (f) The government has agreed to provide a one-off financial assistance of MYR500 to 14,000 tourist guides as well as 118,000 drivers of taxis, school buses, tour buses, rental cars and e-hailing vehicles, with an additional allocation of MYR66 million; (g) No amount/estimate: Electricity rebates will be given to all TNB users, domestic and non-domestic at a rate of 2 cents per kilowatt-hour, which is equivalent to a reduction in electricity bills of up to 9% for a period of 6 months, from 1 January to 30 June 2021; (v) 17 March 2021 in PEMERKASA: (a) The government will allocate MYR1.2 billion to 2.4 million recipients from the B40 group, who have lost their income, to provide support such as a one-off assistance of MYR500; (b) No amount/estimate: For individuals with bankrupt status, the Malaysian Insolvency Department will facilitate their dealings with the bank in receiving government assistance; (c) Assistance for kitchen items with an allocation of MYR100 million is expected to benefit 300,000 poor households in major cities; (d) No amount/estimate: The government has agreed to increase the maximum salary eligibility limit for Disabled Workers Allowance to MYR1,500 from MYR1,200 per month; (vi) 31 May 2021 in PEMERKASA PLUS, MYR2.1 billion is allocated to help low-income households. Households with a monthly income of less than MYR2,500 will receive MYR500 (USD121) as a one-time payment. Households with a monthly income of between MYR2,501 and MYR5,000 are eligible to receive MYR300. Single Malaysians will receive MYR100. As of 28 June 2021, the government agreed to provide additional Bantuan Prihatin Rakyat (BPR) payment of up to MYR500 in July 2021, and the payment will be made in stages starting 29 June 2021. In addition, the third phase of BPR with aid of MYR100 to MYR1,400, including payments of approved BPR appeal cases, will be paid in September 2021. In total, the BPR value until the end of the year was MYR4.9 billion; (vii) 28 June 2021 in PEMULIH: (a) The government announced that it would channel direct cash assistance to the BPR amounting to MYR10 billion until the end of 2021; (b) provide Special COVID-19 Assistance or BKC with the following rates and categories – (1) hardcore poor households will receive assistance of MYR500 in August 2021, MYR500 in November 2021, and MYR300 in December 2021; (2) single individuals in the hardcore poor category will receive assistance of MYR200 in August 2021 and MYR300 in November 2021; (3) B40 households will receive assistance of MYR500 in August 2021 and MYR300 in December 2021; (4) single B40 individuals will receive assistance of MYR200 in August 2021; and (5) M40 households will receive assistance of MYR250, while M40 singles will receive MYR100 in August 2021. Overall, the BKC grant is expected to benefit more than 11 million households, senior citizens, and singles with an allocation of MYR4.6 billion; (c) provide electricity discounts to domestic and nondomestic consumers where the government will bear an additional cost of MYR1 billion [update]; and (d) enhance the Job-Seeking Allowance. This program will be extended to informal workers and new school graduates. Applicants can receive an allowance of at least MYR300 and must apply through the MYFutureJobs platform. In addition, Malaysians who have lost their jobs or who are unemployed can benefit from the MYR500 million in extra funding for the Employees’ Provident Fund (EPF). The assistance is expected to assist over one million affected Malaysians; (viii) 6 July 2021, The MYR20 rebate using e-hailing rides to vaccination centers (PPV) is now available to everyone in Selangor who are eligible for vaccination. The rebate for the Grab e-hailing services would benefit almost 50,000 individuals statewide, with an allocation of MYR1 million [update]; (ix) 29 July 2021, Johor has announced an additional allocation of MYR4.15 million to help those affected by the COVID-19 pandemic in the state [update].
|05B4 - Subsidies to businesses||MYR37,240,000,000||USD8,668,932,446||
(i) 27 March 2020 in PRIHATIN: The Government will introduce Wage Subsidy Program to assist employers in retaining their workers with an allocation of MYR5.9 billion; (ii) 6 April 2020 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) 5 June 2020, 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) The Government will introduce incentives, amounting to MYR1.5 billion, to encourage the hiring of the unemployed; (c) 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; (d) The Government allotted MYR800 million to support employers and employees as work-from-home arrangement is encouraged; (e) 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; (f) Incentives for Property Sector, amounting to MYR1 billion, to stimulate the property market and provide financial relief to home buyers; (g) MYR2.4 billion is allocated to ease financial stress on businesses through remissions of penalties related to late tax payments; (iv) 23 September 2020, The PRIHATIN Supplementary Initiative Package or KITAPRIHATIN, The Government will introduce: (a) MYR2.4 billion Wage Subsidy Programme 2.0, and (b) RM600 million Prihatin Special Grant (GKP); (v) 18 January 2021 in PERMAI: (a) No amount/estimate: The government announced that the Wage Subsidy Program 3.0 under SOCSO will be enhanced whereby all employers operating in the MCO states will be eligible to apply, irrespective of sector. For a period of one month, eligible employers will receive a wage subsidy of MYR600 for each of their employee earning less than MYR4,000. In addition, the wage subsidy limit of 200 employees for each employer will be increased to 500 employees. This initiative involves an additional allocation of MYR1 billion which is estimated to benefit 250,000 workers employing more than 2.6 million workers; (b) The government will expand the Prihatin Special Grant Plus assistance to cover 500,000 SMEs in the seven MCO states with a payment of MYR1,000 each, while 300,000 SMEs in other states will receive MYR500 each. The expansion of this additional special grant or the PERMAI Prihatin Special Grant, involves an additional allocation of MYR650 million. However, should a state be declared a red zone with MCO imposed, the government is ever ready to assist by immediately channeling additional assistance to SMEs in that state; (c) No amount/estimate: The Government has agreed to provide a special discount of 10% on electricity bills from January to March 2021 to six business sectors nationwide, comprising hotel operators, theme parks, convention centers, shopping malls, local airline offices as well as travel and tour agencies; (d) No amount/estimate: MARA has agreed to provide a 30% rental discount on business premises for a period of six months from November 2020 to April 2021; (vi) 31 May 2021 in PEMERKASA PLUS: (a) The government allocated MYR1.5 billion to extend the wage subsidy program for a further one month. Under this scheme, employers can apply for a one-month subsidy of MYR600 for each employee earning less than MYR4,000 per month, of up to 500 employees; (b) No amount/estimate: Entrepreneurs under the MARA program will receive a 30% discount on the rent of their business premises for three months from May to July 2021; (c) No amount/estimate: Microenterprises that previously received a Prihatin Special Grant will receive a further MYR500, which will increase the grant’s total payout to MYR1,500 for each recipient. As of 28 June 2021, the government has allocated a total of MYR5.1 billion through the GKP initiative. Under PEMERKASA Plus, eligible recipients had already received their GKP 3.0 payment of MYR1,000 and will receive a further MYR500 in mid-July 2021.; (d) No amount/estimate: Shopping malls, travel agencies, convention centers, theme parks, and hotel operators will continue to receive a 10% discount on electricity bills from July to September 2021; (vii) 28 June 2021 in PEMULIH: (a) No amount/estimate: The government announced the provision of additional payments under GKP 4.0 to eligible recipients of MYR500 to be paid in September 2021 and another MYR500 in November 2021. For micro-entrepreneurs who have not yet received this assistance, registration will open in mid-July 2021; (b) The government agreed to implement Wage Subsidy Program or PSU 4.0 with an allocation of MYR3.8 billion which is expected to benefit more than 2.5 million workers; (c) Over 5,000 registered tour agencies will be eligible to receive a one-off payment of MYR3,000 to help with business operations once the lockdown has been lifted (The estimated total amount is MYR15 million); and (d) Malaysia’s creative arts industry has been allocated MYR100 million in the form of incentives for the production of digital content and skills development programs.
|05B5 - Indirect income support||MYR13,139,400,000||USD3,058,661,949||
(i) 27 March 2020 in PRIHATIN: (a) The Government will allocate MYR1 billion for Food Security Fund; (b) 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; (c) 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; (d) 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) 5 June 2020, in Short-term National Economic Recovery Plan or PENJANA: (a) A MYR2 billion fund will be dedicated to reskilling and upskilling programs for Youth and Unemployed Workers; (b) 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; (c) 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; (d) 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; (e) 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; (f) 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; (g) 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); (h) Accelerate the digitalization of government services, amounting to MYR20 million, to reduce face-to-face transactions; (i) National “Buy Malaysia” Campaign, amounting to MYR20 million, to encourage the consumption of Malaysia-made products and services; (j) An allocation of MYR50 million to attract foreign companies to relocate their business into Malaysia by addressing the risk of re-shoring; (k) 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; (l) Dedicated funding and support for the arts, culture, entertainment, events and exhibitions sector amounting to MYR225 million; (m) 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; (iii) 18 January 2021 in PERMAI: (a) The telecommunications industry is committed to provide assistance during this MCO period. The provision of free 1 Gigabit data has been offered to the public to browse websites, including for educational purposes. This MYR500 million facility started on 1 January 2021, and will be extended until the end of April 2021. In addition, a special subscription package for students who are sitting for their SPM and STPM examinations will be extended to all students of higher learning institutions. This package will also be made available until the end of April 2021; (b) To continue the support for entrepreneurs and businesses in generating income through online sales or e-commerce platforms, the Government will accelerate the implementation of the SME and Micro SME e-Commerce Campaign and Shop Malaysia Online campaign, with a total allocation of MYR300 million. Through these campaigns, microentrepreneurs will receive business coaching and on-boarding onto e-commerce platforms while buyers will enjoy savings through online shopping; (iv) 17 March 2021 in PEMERKASA: (a) Additional MYR2.5 billion for small-scale projects in 2021 such as repairs of infrastructure and public facilities damaged due to floods; (b) The government approved a matching grant of MYR30 million to encourage investment in the mechanization and automation of the palm oil industry; (v) 28 June 2021 in PEMULIH, (a) To assist microenterprises and SMEs in accelerating the digitalization of their business, the government allocated a total of MYR300 million; (b) The Penjana Kerjaya program was established to boost job demands among employers and job opportunities among local job seekers. The program was intended to end in June 2021 but has been extended under PEMULIH. The extension will cover several changes to the program: (1) the salary eligibility limit has been reduced from MYR1,500 to MYR1,200, under the Malaysianisation program, which seeks to push for more local employment; and (2) relax the employment contract from 12 months to six months for employees aged 50 years and above, as well as the disabled; and (c) The Human Resources Development Corp (HRD Corp) will implement the Place and Train Program by allocating MYR125 million. This program helps graduates with career opportunities by enabling applicants to participate in a skills training program through which they can secure employment upon completion.
|05B6 - No breakdown (income support)|
|05C - No breakdown (health and income support)|
|06 - Budget reallocation info_outline|
|07 - Central bank financing government||MYR9,458,099,071||USD2,201,708,429|
|07A - Direct lending and reserve drawdown|
|07B - Secondary purchase: government securities||MYR9,458,099,071||USD2,201,708,429||
15 April 2021, The Malaysian Government Papers purchased by the Bank Negara Malaysia amounted to MYR11.44 billion. This is equal to an increase of MYR9.46 billion from 31 December 2019 (total of MYR1.98 billion).
|08 - International Assistance Received||MYR12,972,585,714||USD3,019,830,000|
|08A - Swaps info_outline||MYR12,887,400,000||USD3,000,000,000||
18 September 2020, The Bank of Japan, acting as agent of the Minister of Finance of Japan, and the Bank Negara Malaysia signed the second Bilateral Swap Arrangement (BSA). This BSA enables both authorities to swap their local currencies (i.e. JPY and MYR, respectively) for USD. The arrangement will provide up to USD3 billion for both countries.
|08B - International loans/grants||MYR85,185,714||USD19,830,000|
|08B1 - Asian Development Bank||MYR80,030,754||USD18,630,000||
(i) April 2020, USD2.73 million as a guarantee under the Supply Chain Finance Program (Additional Financing). Another USD2.73 million is co-financed. As of 9 January 2021, the amount of the guarantee increased to USD18.5 million. The amount of cofinancing also increased to USD18.5 million; (ii) 6 October 2020, USD0.02 million under the Capacity Development for the Supply Chain Finance Program (Phase 2) (Subproject 3); (iii) 5 November 2020, USD0.09 million under Creating Investable Cities in Post-COVID-19 Asia-Pacific: Enhancing Competitiveness and Resilience through Quality Infrastructure. As of 11 December 2020, the amount increased to USD0.11 million.
|08B2 - Other||MYR5,154,960||USD1,200,000||
(i) 20 May 2020, The United States through the US Agency for International Development will provide (a) health assistance in response to COVID-19 amounting to USD1 million, and (b) Migration and Refugee Assistance (MRA) humanitarian assistance to support COVID-19 response efforts for refugees and asylum seekers in Malaysia amounting to USD0.2 million; (ii) No amount/estimate: 28 July 2021, Malaysia is expected to receive 415,000 doses of the AstraZeneca vaccine for its National COVID-19 Immunization Program (NIP) [update].
|09 - International Assistance Provided|
|09A - Swaps info_outline|
|09B - International loans/grants|
|10 - No breakdown||MYR192,857,550,000||USD44,894,443,410||
(i) Measures in the following packages that cannot be disaggregated: (a) 27 March 2020 in PRIHATIN, (b) 5 June 2020 in PENJANA, (c) 18 January 2021 in PERMAI, (d) 17 March 2021 in PEMERKASA, (e) 31 May 2021 in PEMERKASA PLUS, and (f) 28 June 2021 in PEMULIH; (ii) 24 February 2021, Malaysia's sovereign wealth fund will pump MYR3.6 billion in capital into the operator of Malaysia Airlines. This will be used to fund business operations through 2025. The package includes lower lease rates and payment deferrals. The restructuring is due to conclude in early March.
|11 - Other Economic Measures||
(i) 23 March 2020, The SC and Bursa Malaysia suspended short-selling until April 30. 28 April 2020, The suspension was extended through June 30; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) COVID-19 Temporary Measures Act is proposed to minimize disruption to social and economic well-being activities caused by contractual breaches and enforcement of insolvency actions on groups affected by COVID-19 and Movement Control Order (MCO). This is designed to provide sufficient runway for businesses to recover their operations and relief from certain contractual obligations and financial distress for the revival of the economy: (1) 24 August 2020, The Temporary Measures for Government Financing COVID-19 Bill 2020, to set up a MYR45 billion fund for COVID-19 was passed by Dewan Rakyat (Lower House). Apart from setting up the fund, the law will allow the government borrowings to raise the permissible statutory debt level ratio of 55% of GDP to 60%. 21 September 2020, The Bill was passed by Dewan Negara (Upper House); and (2) 25 August 2020, The Temporary Measures for Reducing the Impact of COVID-19 Bill 2020 was passed by the Lower House. 22 September 2020, The Bill was passed by the Upper House; (b) To enable the Rakyat (or people) to join the Government in supporting post recovery measures, the MOF will issue an Islamic debt instrument -- the Sukuk PRIHATIN. Proceeds from the sukuk issuance will be utilized for specific development programs such as connectivity of schools (especially in rural areas), funding for micro enterprises (focused on women entrepreneurs) and research grants for infectious diseases. 18 August 2020, The first digital sukuk was launched with a nominal value of MYR500 million. The profit rate is 2% per annum over two years, maturity date is 22 September 2022; (iii) 1 September 2020, The government is prepared to implement additional economic stimulus package or other initiatives to help the people in facing economic constraints if necessary and if the government’s financial situation allows it; (iv) 15 December 2020, the Supply Bill 2021 (Malaysia's Budget for 2021), has been approved by the Dewan Rakyat. The total amount of fiscal injection envisaged in five stimulus plans over 2020-2021 (MYR55 billion) remains unchanged. Of that, around MYR38 billion have been spent in 2020 and the remainder, MYR17billion, has been allocated to 2021. The Bill will now go to the Senate, before it will be submitted to the Malaysian king for royal assent; (iv) 18 January 2021 in PERMAI, The Temporary Measures for Reducing the Impact of COVID-19 Act 2020, or Act 829, was enacted to assist individuals and businesses that were economically impacted by the COVID-19 outbreak. This Act came into force on 23 October 2020. The original effective period covering inability to perform contractual obligations under the Act expired on 31 December 2020. As such, based on the current situation and the MCO announcement, the government agreed to extend the effective period of inability to perform contractual obligations to 31 March 2021. This includes hire purchase or lease contracts and credit sales contracts which benefit groups such as the B40, M40 and microenterprises who are unable to meet their contractual obligations; (v) 17 March 2021 in PEMERKASA, To encourage companies to raise funds through the stock market, listing-related fees will be waived for 12 months for companies applying for listing on the Main, LEAP or ACE markets.
|12 - Non-Economic Measures|
|12A - Measures affecting travel and transport (local and international)||
(i) 18-31 March 2020, extended until 14 April 2020: Borders are closed; (ii) 10 June 2020, borders will remain closed and overseas travel restricted until at least 31 August 2020; (iii) 11 January 2021, Interstate travel across the nation is barred during the Movement Control Order (MCO). For states under MCO, inter-district crossings will not be allowed as well; (iv) 26 April 2021, The government agreed to impose a temporary ban on flights to and from India beginning 28 April 2021, to prevent the spread of a new variant of the COVID-19 disease in the country.
|12B - Measures affecting business and workplace||
(i) 4 May 2020, The authorities started easing the MCO by allowing most businesses to reopen. However, 7 states out of 14 have opted for a more delayed approach; (ii) 11 January 2021: (a) The five sectors identified as essential economic sectors and allowed to operate are industrial and manufacturing, construction, services, trade and distribution, as well as plantations and commodities; (b) Eateries and hawker stalls are only allowed to operate on a take-away basis, while areas under the Conditional Movement Control Order (CMCO) and RMCO will be allowed to operate as usual with standard operating procedures (SOPs) in place; (c) Supermarkets, health services such as clinics, hospitals and pharmacies, and banks will also be allowed to operate in areas placed under MCO, but with very strict SOPs; (iii) 12 January 2021, The country’s economic activities will continue to function throughout the duration of the state of emergency, but is subject to compliance with the SOPs and the re-implementation of the MCO. Internationally recognized national regulatory organizations, namely Bank Negara Malaysia, the Securities Commission Malaysia, and Bursa Malaysia will continue to play their role as regulatory catalysts, and facilitators of companies and markets; (iv) 28 May 2021, Only essential economic and service sectors listed by the National Security Council will be allowed to operate as the country begins its Phase 1 of the third nationwide lockdown on 1-14 June 2021.
|12C - Others||
(i) 20 March 2020, Temporary export ban on face masks; (ii) A Movement Control Order (MCO) was put in place on 18-31 March 2020 and subsequently extended until 14 April 2020: schools, universities and non-essential businesses are closed; all public gatherings are banned; and 10 May 2020, MCO has become conditional movement control order (CMCO). It will be extended until 9 June 2020; (iii) 7 June 2020, The implementation of the Recovery Movement Control Order (RMCO) from 10 June to 31 August 2020 was announced; (iv) From 24 June 2020, schools will start gradually reopening; (v) 28 August 2020, The government extended the RMCO until 31 December 2020; (vi) 11 January 2021: (a) Social activities involving mass gatherings such as weddings, conferences, religious parades including Thaipusam, meetings, seminars, courses and group sports are not allowed during the MCO period. However, for Perlis and Sarawak, which are under the RMCO, social activities will be allowed, subject to strict standard operating procedure compliance; (b) For states under MCO, movement will be restricted to a 10-km radius, while only two household members will be allowed in the same car while out shopping for essentials; (vii) 12 January 2021: (a) An emergency was proclaimed. It will be enforced until 1 August 2021, or earlier if the COVID-19 pandemic is contained and brought under control in Malaysia; and (b) The general election, state elections and by-elections will not be held during the period of the COVID-19 emergency proclaimed today and to remain in force until 1 August 2021; (viii) 16 January 2021, The government agreed to set up an Emergency Management Technical Committee to ensure the smooth management of the emergency nationwide; (ix) 5 April 2021, All five million students in Malaysia are back to school; (x) 12 April 2021: The National Security Council (NSC) has extended the CMCO in Selangor, Kuala Lumpur, Johor, Penang, Kelantan, and Sarawak and has decided to extend the RMCO in the remaining states/territories throughout the country; (xi) 11 May 2021, Malaysia will be imposing a nationwide MCO beginning on 12 May 2021 until 7 June 2021 to stem the rising number of COVID-19 cases in the country; (xii) 28 May 2021, A “total lockdown” (third nationwide lockdown) will be implemented throughout the country. The first phase of the lockdown will last from 1-14 June 2021; (xiii) 11 June 2021, The lockdown is extended for another two weeks, until 28 June 2021; (xiv) 27 June 2021, Malaysia will extend its full lockdown until daily new COVID-19 cases drop below 4,000, and its targets on vaccination and intensive care unit (ICU) bed usage are met; (xv) 5 July 2021, The Cabinet has agreed to extend the Recalibration Plan for Illegal immigrants to support the implementation of the National COVID-19 Immunization Program (PICK) until 31 December 2021, or until the vaccination program ends [update]; (xvi) 8 July 2021, Friday prayers can be held in all mosques and suraus in Penang with a set number of worshippers and strict standard operating procedures (SOPs) starting 9 July 2021.