Prime minister Muhyiddin Yassin today announced its new “Penjana” Economic Recovery Plan as part of the country’s six-stage strategy to weather the impact of the COVID-19 pandemic. Under Penjana, the government has identified three key drivers: Empower people, Propel businesses, and Stimulate the economy. Overall, 40 initiatives worth MYR35 billion have been allocated under Penjana, with a total of MYR10 billion direct fiscal injection by the government.
One of the new initiatives under the programme is ePenjana, designed to encourage cashless and digital payments. Similar to e-Tunai Rakyat, eligible Malaysians can receive free credits in their e-wallets.
The programme is open to Malaysians aged 18 years and above, with an annual income of not more than MYR100,000.
A total of MYR50 worth of credit and matching discount vouchers and cashbacks worth MYR50 for physical purchases will be credited into users’ accounts.
There are no other details regarding ePenjana, whether the actual mechanics and when it will be implemented.
The previous e-Tunai Rakyat initiative distributed MYR30 of credit to eligible Malaysians via three e-wallet providers: Touch ‘n Go, Grab, and Boost.
The prime minister did not announce any further updates on the Conditional Movement Control Order (CMCO) which is scheduled to end on 9 June 2020.
For key highlights of the Penjana Economic Recovery Plan, read this post.
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