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Highlights of the National People’s Well-being and Economic Recovery Package

theedgemarkets.com / theedgemarkets.com June 28, 2021 | Updated 3 years ago

Last Updated: June 29, 2021

These are the key takeaways of the National People’s Well-Being and Economic Recovery Package (PEMULIH) announced by Prime Minister Tan Sri Muhyiddin Yassin.

Govt unveils PEMULIH stimulus package worth RM150 billion, fiscal injection of RM10 billion
B40 households to receive RM500 from the government in August and RM300 in December; B40 singles to receive RM200 in August
M40 households to receive RM250 in August; M40 singles to receive RM100 in August
Govt to give RM500 assistance to those who have lost their jobs, based on EPF, SOCSO data
Govt allocates RM300,000 to MPs for food basket assistance to help affected groups in their respective constituencies
Govt allocates RM10 million for food basket programme for indigenous peoples
Extension of electricity bill discounts for affected economic sectors for another three months — 10% discounts for October to December electricity bills
An electricity bill discount of between 5-40% for domestic users — in accordance with electricity usage up to a maximum of 900kwh per month — worth RM346 million, to be given for three months
RM18m allocation for local banks to provide 30 mobile banks nationwide
Micro SMEs to receive additional assistance of RM500 in September and RM500 in November
Govt to remove RM4,000 limit for salary subsidy programme, to provide salary subsidy of RM600 per worker for four months
Additional RM100 million under SME Digitalisation Grant for SMEs and micro SMEs to get matching grants of up to RM5,000 for purchase or subscription of digital systems
One-off RM3,000 assistance to be given to sports facilities' operators
Govt to allocate RM100 million to assist those in the creative arts sector
Financial assistance of RM500 per month over three months for the disabled
RM3,000 special assistance to be given to 4,400 nursery operators
Govt procurement procedures to be eased, variation of price to be allowed for projects affected by higher building materials cost
Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) government guarantee scheme limit to be increased by RM20 billion
Govt to allow withdrawal of RM1,000 per month for five months under EPF's i-Citra
Targeted moratorium for three months for PTPTN borrowers
Affected insurance and takaful policyholders can apply for deferment of payment by opt-in until December 2021
Six-month postponement for repayment of JPA federal student loans; similar postponement for federal scholarship recipients' compensation claims
Six-month moratorium for all individual borrowers and micro entrepreneurs — no documentation needed as all applications will be automatically approved
Govt to allocate RM400 million to increase national vaccine supply to cover 130% of the population, from previous targeted 120%
Govt to allocate RM200 million for 29 new vaccination centres and to upgrade existing ones, as well as to introduce drive-through vaccination centres, mobile vaccination centres and to fund outreach home-to-home vaccination programmes
There will be RM150 million allocation for public-private partnership immunisation programme (PIKAS)
Allowance for volunteer frontliners to be increased to RM100 from RM50 per day, for those on duty for more than 12 hours per day starting June 2021
Govt has agreed to postpone monthly income tax instalment payments for companies and waive tourism, services taxes for hotel operators until year-end
RM3,000 'one-off' assistance for more than 5,300 registered travel agencies to help them revive their businesses when the country moves to Third Phase of PPN
One gigabyte of free daily data extended until Dec 31 with an estimated value of RM500 million, benefiting 44 million users
Govt announces Covid-19 Special Aid (BKC) with RM4.6 billion allocation
Govt implements price control based on crude palm oil threshold value to check price increase in 1kg-5kg bottled cooking oil
Govt continues to maintain the retail price of RON95 petrol, diesel and LPG, which is expected to involve a subsidy of more than RM6 billion this year
Govt widens psychosocial support through channels like "talian kasih" and RM15 million allocation to NGOs to combat social issues
Allocation of RM125 million through HRD Corp to implement "place and train" initiative under the Janapreneur programme