2020 economic stimulus package – VERNONCHAN.COM

Bantuan Prihatin Nasional (BPN) appeal deadline extended to 31 May

Vernon — Sun, 10 May 2020 14:31:58 +0000

In his special address today, prime minister Muhyiddin Yassin addressed issues with the Bantuan Prihatin Nasional (BPN)—the cash relief scheme for the B40 and M40 groups—introduced as part of the “Prihatin Rakyat” Economic Stimulus Package. Answering the plight of those who qualify for the scheme but failed to receive their relief packages, the government is […]

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BPN new application, appeal deadline is 30 April

Vernon — Tue, 28 Apr 2020 06:44:54 +0000

As part of the MYR250 billion “Prihatin Rakyat” Economic Stimulus Package, the government announced a slew of relief initiatives to cushion the impact of COVID-19 and the Movement Control Order (MCO). One of the key highlights is Bantuan Prihatin Nasional (BPN)—a cash relief scheme for the B40 and M40 groups. The BPN cash relief is […]

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Prihatin Plus: SME loans now interest-free; new microcredit facility

Vernon — Wed, 08 Apr 2020 09:39:10 +0000

In his announcement of an enhanced Prihatin Plus (Pakej Prihatin PKS Tambahan) package on Monday, prime minister Muhyiddin Yassin announced that loans for small and medium-sized enterprises (SMEs) under the previous Prihatin Economic Stimulus Package will now be interest free. SMEs account for more than two-thirds of the workforce in the country and contributes almost […]

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Prihatin Plus package: Salary subsidies for SME up to MYR1,200 per staff

Vernon — Mon, 06 Apr 2020 09:35:57 +0000

In another special address today, prime minister Muhyiddin Yassin announced additional relief initiatives under the “Prihatin Plus” Economic Stimulus Package (Pakej Prihatin PKS Tambahan) targeted specifically at the small and medium enterprises (SMEs). An additional MYR10 billion has been allocated to help SMEs retain jobs for their employees. On that note, the allocation for previous […]

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Bantuan Prihatin Nasional: Govt fast-tracks disbursement of cash relief

Vernon — Sat, 04 Apr 2020 09:11:45 +0000

Today, prime minister Muhyiddin Yassin announced that the disbursement of Bantuan Prihatin Nasional (BPN) cash relief will be fast-tracked, answering the plight of the B40 and M40 groups amidst the COVID-19 and Movement Control Order (MCO). Cash disbursements will start this coming Monday, 6 April 2020. The BPN cash relief was initially scheduled to be […]

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Bantuan Prihatin Nasional: How to check if you qualify

Vernon — Tue, 31 Mar 2020 20:20:31 +0000

Announced last week, the people-centric MYR250 billion “Prihatin Rakyat” Economic Stimulus Package aims to cushion the impact of the COVID-19 outbreak and designed to benefit all segments of society. One of the key highlights is the MYR10 billion cash relief Bantuan Prihatin Nasional (BPN) scheme that would impact 9 million households and individuals in the […]

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Here’s how to make an EPF i-Lestari withdrawal

Vernon — Sun, 29 Mar 2020 14:30:34 +0000

As one of the relief initiatives to help the people weather the impact of the COVID-19 outbreak, the government announced that Malaysians can withdraw funds from their Employee Provident Fund (EPF) accounts starting 1 April 2020. The move, as controversial as it may be, aims to free up short term cash for contributors as well […]

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U Mobile: Free daily data starting 1 April

Vernon — Sat, 28 Mar 2020 14:08:51 +0000

Following the announcement of the “Prihatin Rakyat” Economic Stimulus Package by prime minister Muhyiddin Yassin on Friday, U Mobile will be providing free daily 1GB of high-speed data to all its customers starting 1 April 2020. The free data package is part of a collective relief initiative between the government and the local telcos—a MYR1 […]

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Economic Stimulus Package: e-hailing drivers to get MYR500 cash relief

Vernon — Fri, 27 Mar 2020 15:55:00 +0000

After being left out of the original 2020 Economic Stimulus Package, e-hailing drivers can breathe a sigh of relief. As part of the new MYR250 billion Economic Stimulus Package announced by prime minister Muhyiddin Yassin on Friday, e-hailing drivers stand to receive a one-off MYR500 cash relief. A total of 120,000 e-hailing drivers stand to […]

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MCMC: Telcos commit to MYR1b in special packages, network upgrades

Vernon — Fri, 27 Mar 2020 15:30:00 +0000

The MYR250 billion people-centric Economic Stimulus Package announced by prime minister Muhyiddin Yassin today is designed to help cushion the country from the impact of the COVID-19 outbreak. One of the key focuses of the package is the multimedia and telecommunications industry. In partnership with the four major telcos–Celcom, Digi, Maxis, and U Mobile, the government introduced several special […]

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