Southeast Asia

Sum of Measures 1—5 (Total Package)

Total Package in USD Million: 80,776.57
% of GDP (2019): 22.73%
% of Regional Total Package: 19.59%
Package Per Capita in USD: 2,528.24
Note: Measures 9 and 10 are added to the sum of Measures 1-5.
Measure Amount (Local) Amount (USD) Details Update Source
01 - Liquidity Support info_outline MYR44,600,000,000 USD10,382,233,810
01A - Short-term lending info_outline MYR28,600,000,000 USD6,657,665,627

(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.

01B - Support policies for short-term lending info_outline MYR16,000,000,000 USD3,724,568,183

(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%; (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.

01C - Forex operations info_outline
02 - Credit creation info_outline MYR50,000,000,000 USD11,639,275,571
02A - Financial sector lending/funding info_outline
02B - Support policies for long-term lending info_outline
02B1 - Interest rate reductions

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; (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 MYR50,000,000,000 USD11,639,275,571

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.

03 - Direct long-term lending info_outline MYR109,149,200,000 USD25,408,352,344
03A - Long-term lending info_outline MYR8,250,000,000 USD1,920,480,469

(i) 27 March 2020 in PRIHATIN: (a) Increasing the size of the All Economic Sector 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.

03B - Forbearance MYR100,899,200,000 USD23,487,871,875

27 March 2020 in PRIHATIN: (i) 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; (ii) 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; (iii) 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.

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 MYR104,003,100,000 USD24,210,414,824
05A - Health support MYR2,150,000,000 USD500,488,850

(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.

05B - Income support MYR101,853,100,000 USD23,709,925,974
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.

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.

05B3 - Wage support and subsidies to individuals and households MYR48,656,700,000 USD11,326,574,794

(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)].

05B4 - Subsidies to business MYR30,175,000,000 USD7,024,302,807

(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).

05B5 - Indirect income support MYR9,384,400,000 USD2,184,552,353

(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.

05B6 - No breakdown (income support)
05C - No breakdown (health and income support)
06 - Budget reallocation info_outline
07 - Central bank financing government
07A - Direct lending & reserve drawdown
07B - Secondary purchase: government securities
08 - International Assistance Received MYR12,962,920,164 USD3,017,580,000
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 MYR75,520,164 USD17,580,000
08B1 - Asian Development Bank MYR70,365,204 USD16,380,000

(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 11 December 2020, the amount of the guarantee increased to USD16.25 million. The amount of cofinancing also increased to USD16.25 million [update]; (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 [update].

08B2 - Other MYR5,154,960 USD1,200,000

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.

09 - International Assistance Provided
09A - Swaps info_outline
09B - International loans/grants
10 - No breakdown MYR38,047,700,000 USD8,856,953,303

(i) 27 March 2020, Part of PRIHATIN, amounting to MYR250 billion, will provide immediate assistance to ease the burden of all segments of the rakyat and ensures that no one is left behind. The stimulus package outlines three objectives: (a) protecting rakyat, (b) supporting businesses, and (c) strengthening economy; (ii) 5 June 2020, Part of Short-term National Economic Recovery Plan, also referred to as PENJANA, worth MYR35 billion to empower the people, propel businesses and stimulate the economy.

11 - Other Economic Measures

No amount/estimate: (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 [update].

12 - Non-Economic Measures
12A - Measures affecting travel and transport (local and international)

10 June 2020, borders will remain closed and overseas travel restricted until at least 31 August 2020.

12B - Measures affecting business and workplace

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.

12C - Others

(i) No amount/estimate: 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: borders are closed; 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.