Malaysia Covid-19 Government Assistance

Malaysia NADMA Covid-19 Government Assistance 

(National Disaster Management Agency/Agensi Pengurusan Bencana Negara)

Programme Brief

Assistance: RM100 per day financial aid for lost of income
Income Group: All employed and working Malaysians 
Target Group: Malaysians who lose their jobs or income

during the Movement Control Order period or due to treatment for Covid-19 at the hospital
 

Contacts

Ministry: Jabatan Perdana Menteri 
Agency: National Disaster Management Agency
Website: http://www.nadma.gov.my/
Mailing address : Aras B1, 6 & 7, Blok D5, Kompleks D Pusat Pentadbiran Kerajaan Persekutuan, 62502 Putrajaya, Malaysia.
Telephone: +603 8870 4800

What are myBenefits? 
The benefits of the programme

Eligible applicants will receive RM100 per day during the Movement Control Order period and for those being treated for Covid-19 at the MoH approved hospitals, for the entire treatment duration. 

Who can apply? 

Eligibility Criteria

  • Malaysian citizen.

  • Malaysians who lose their jobs or income during the Movement Control Order period

    • during the Movement Control Order period

    • due to treatment for Covid-19 at the hospital

Who cannot apply? 

  • Non-Malaysian citizen.

  • Unemployed Malaysians 

  • Employed and still receive income during treatment for Covid-19 at the hospital

Federal Government's Initiatives announced on March 23, 2020

 

1. Malaysians aged 55 and below are eligible to withdraw a maximum of RM500 monthly from their EPF Account Two for a period over 12 months.

2. The government will be channelling RM600 million to the Ministry of Health (MoH). 

  • M500 million would go to efforts to break the Covid-19 infection chain, which includes purchasing of additional ventilators, Intensive Care Unit (ICU) equipment, Personal Protective Equipment (PPE) for medical workers, as well as lab paraphernalia, to conduct Covid-19 testing.

  • RM100 million would go towards the hiring of 2,000 contract staff, especially nurses.

3. The government will provide additional allocation of RM130 million to state governments to mitigate the outbreak of the Covid-19 outbreak

4. The government to extend further the deferment of the National Higher Education Fund Corporation (PTPTN) monthly loan repayments.

The Covid-19 Government Economic Stimulus Package
(announced on February 27, 2020)

 

Ministry of Finance Announcement >

https://www.treasury.gov.my/pdf/pre2020/Booklet_2020_Economic_Stimulus_Package.pdf

THE RM20 BILLION ECONOMIC STIMULUS PACKAGE

The stimulus package valued at RM20 billion is anchored on three strategies as follows:

Strategy I: Mitigating impact of COVID-19;

Strategy II: Spurring rakyat centric economic growth; and

Strategy III: Promoting quality investments

The Covid-19 Government Economic Stimulus Package for
Individuals
(announced on February 27, 2020)

 

Financial Aid

One-off Payment for Tourism-related Workers

A one-off cash incentive of RM600 in April 2020 to taxi
drivers, tour bus drivers, tour guides and trishaw drivers who are active and registered since 31 December 2019.

 

Special Monthly Allowance for Civil Servants Directly Involved in Covid-19

A special allowance of RM400 per month for doctors and other medical personnel. The allowance is
payable effective from 1 February 2020 until the outbreak is contained.

BANTUAN SARA HIDUP (BSH) ENHANCEMENTS

The Government will

i) bring forward BSH payment of RM200 scheduled by May 2020 to be paid in March 2020;

ii) additional one-off cash payment of RM100 will be made to all BSH recipients in May 2020; and

iii) a further RM50 will be subsequently channelled through e-tunai.

Increase cash in the hands through lower EPF Contribution

For the period of nine months from 1 April to 31 December 2020, the minimum employee contribution to the Employees Provident Fund (EPF) will be reduced by 4% percent from 11% to 7%.

Prepare for High Unemployment

Employment Insurance System (EIS) fund will relax the eligibility criteria for retrenched workers from affected sectors by waiving the minimum requirement of three (3) months contribution.


EIS will be enhanced by increasing the training fee ceiling from RM4,000 to RM6,000 and provide trainees with a training allowance of RM30 per day.

 

The Government will provide HRDF with a matching grant of RM100 million on a one to one basis to train and reskill retrenched workers from sectors affected by COVID-19, which include hotels, tourism and retail, electrical and electronic and automotive manufacturing.

The Government will provide RM50 million to provide a subsidy towards financing short courses, particularly in digital skills. Such courses, include those provided through online means in fields such as coding, digital marketing and data science. 


The Government will provide an allocation of RM20 million to fund short courses conducted by the 13 state skills development centres (SSDC). The funding will focus on TVET skills training and benefit more than 1,600 trainees working with manufacturing companies.

The Covid-19 Government Economic Stimulus Package for
Agro-Food Businesses
(announced on February 27, 2020)

Financing to Sustain and Expand Agro-Food SMES

 

RM1 billion fund to provide food-producing SMEs low-interest rate loans of up to RM5 million per SMEs that can be used for working capital and also for capital expenditure. Fund will be offered for a maximum 8 years tenure and low financing rate at 3.75% per annum. 

 

In addition, the Government will allocate RM40 million towards helping small and
medium enterprises involved in agriculture and food production enhance their incomes,
through the following initiatives:
i) Establish wider network of storage facilities for food by FAMA to stabilise fluctuation of food items due to disruption of supplies;

ii) Grant to small enterprises to sell and market products on e-commerce platforms, such as enabling fishermen to sell directly to consumers; and
iii) Scaling up eUsahawan programs, particularly to facilitate Pusat Internet Desa as a hub for facilitating e-commerce, providing small scaled entrepreneurs to access wider pool of customers.

Contacts

Location: Malaysia

aNewMalaysia101@gmail.com

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The Covid-19 Government Economic Stimulus Package for
Businesses
(announced on February 27, 2020)

MITIGATING IMPACT OF COVID-19 FOR AFFECTED BUSINESSES

A. Financing Businesses

1. Existing Financing and Loans

Bank Negara Malaysia (BNM) to ensure that all financial institutions provide assistance by way of restructuring, rescheduling and providing repayment moratorium for Covid-19 affected business and individual loans.

Stamp duty exemption of 100% will be given on loan agreements from 1 March 2020 to 31 December 2020.

2. New Financing Facilities

  • Bank Negara Malaysia (BNM) to establish a RM2 billion Special Relief Facility to provide cashflow assistance through low interest (3.75%) working capital to affected Small Medium Enterprises (SMEs). In addition, Syarikat Jaminan Pembiayaan Perniagaan (SJPP) will provide the banks an 80% guarantee on these loans. Each SME can borrow up to RM1 million and the loan tenure is up to 5.5 years.  The repayment only starts after the 6 months payment moratorium.

 

  • Bank Simpanan National (BSN) to provide RM200 million low-interest (4%) Microcredit loans to affected businesses.

B. Taxation Breathers

1. Monthly Income Tax Deferments

Businesses in the tourism industry such as travel agencies, hoteliers and airlines will be given a deferment of their monthly tax instalments for six (6) months from 1 April 2020 to 30 September 2020.

Other businesses affected by current economic developments, will be allowed to revise their monthly tax instalments earlier, on the taxable amount due in the third
month of instalments, should the third instalment falls in the year of 2020.

 

2. Service Tax Exemptions

Service tax on accommodation services provided by hotels, defined as operators of accommodation premises as prescribed under Group A, First Schedule of the Service Tax Regulations 2018 are exempted from levying service tax on taxable services provided for a period of six (6) months from 1 March 2020 until 31 August 2020.

 

3. Tax Deductions
Expenses incurred by companies to provide employees with disposable Personal Protective Equipment (PPE) such as face masks are eligible for tax deduction under
subsection 33(1) of ITA 1967. Whereas, expenses for non-disposable PPE products can be claimed as a capital allowance.

C. Reduce Business Operating Costs

1. Exemption from the Human Resource Development Fund Contribution
To help reduce costs for companies affected by COVID-19, an exemption from HRDF levies for a period of six (6) months effective 1 April 2020 to 30 September 2020 will be given. The eight (8) categories of businesses covered by this exemption are air travel,
domestic ground transport, convention centres, shopping malls, travel tour operators, hotels, franchises & hypermarkets.

2. TNB's 15% Discount on Electricity Bills

TNB's will give a 15% discount on electricity bills to six categories of businesses, namely hotel operators, travel agencies, local airlines offices, shopping malls, convention centres and theme parks for a period of six (6) months from 1 April 2020 to 30 September 2020

 

C. Initiatives to Stimulate Tourism-related Businesses

 

1. Rental Rebates at Airports

Malaysia Airport Holdings Berhad (MAHB) will provide rebates on rental for premises at the airport as well as landing and parking charges.

2. Spur Duty-free Purchases
The eligibility period for the purchase of duty-free goods by individuals entering Malaysia is reduced from 72 hours to 48 hours and the threshold for duty-free goods is increased from RM500 to RM1,000 from 1 April 2020. This is applicable at duty-free shops located at the international airports.

 

3. Income Tax Relief for Spending on Domestic Tourism

A special income tax relief of up to RM1,000 is allowed for individuals' spending on domestic holidays from 1 March 2020 to 31 August 2020. The allowed spending is limited to: i) Accommodation expenses at premises registered with Ministry of Tourism, Arts and Culture Malaysia (MOTAC); and ii) Entrance fees to tourist attractions.

4. RM100 Domestic tourism voucher

Digital vouchers for domestic tourism of up to RM100 per person for domestic flights, rails and hotel accommodations for all Malaysians.

 

5. Matching grant for tourism promotions

RM500 million matching grants for the vouchers and tourism promotions.

 

6. Government guidelines relaxation

Relaxation of existing guidelines limiting the use of hotels by Government agencies as part of mitigating the reduced demand.

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