Enhanced wage subsidies, advanced EPF withdrawals and more in Malaysia s RM15bn PERMAI package Details Published: 19 January 2021
The new package, announced on 18 January, will see the enhancement of the Wage Subsidy Programme, whereby all employers operating in the MCO states will be eligible to apply, irrespective of their sector.
Malaysia s Prime Minister Tan Sri Muhyiddin Yassin has announced a new assistance package, as part of the Government s ongoing efforts in ensuring the Rakyat s wellbeing, business continuity and economic resilience.
Named Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI), the RM15bn package will improve on the existing, ongoing initiatives introduced in the previous assistance packages, and accelerate the implementation of related initiatives, PM Muhyiddin said.
Published on: Monday, January 18, 2021
By: Bernama
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Kuala Lumpur: A total of 15 banks are offering loan repayment moratorium for residents living in the flood-affected states, said Prime Minister Tan Sri Muhyiddin Yassin.
The moratorium facility, including the extension of the moratorium and restructuring of loan repayment, will continue to be offered by banks as announced previously, he said.
“To-date, over 1.3 million borrowers have applied and received such assistance, with approval rate at 95 per cent for individual borrowers and 99 per cent for small and medium enterprise borrowers.
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“As such, Malaysians need not worry about contacting their respective banks should they require repayment flexibility,” he said in a special address on the Malaysian Economic and Rakyat s Protection Assistance Package (PERMAI), which was telecast live on television stations and social media platforms today.