The Movement Control Order (MCO) moves into a new phase starting tomorrow. As the Conditional MCO (CMCO) officially comes to an end on 9 June, the Recovery MCO (RMCO) comes into effect starting 10 June until 31 August 2020.
Expect cheaper cars in the coming months as the government announces sales tax exemptions as part of the Penjana Economic Recovery Plan, as delivered by prime minister Muhyiddin Yassin on Friday.
The short-term Economic Recovery Plan (Penjana) as announced today focuses on three main objectives: “Empower people,” “Propel businesses,” and “Stimulate the economy.” The government will achieve these through four key thrusts which include enabling work and reduce employment; ensure affordability and providing liquidity; digitalisation and operating in the “new norm;” and increasing consumer and investor confidence.
As part of the new Penjana Economic Recovery Plan, the government has extended its free 1GB Internet data offer until 31 December 2020, an initiative introduced at the start of the Movement Control Order (MCO). The free Internet data will be delivered daily through participating telcos to help Malaysians access education, news, and video conferencing services.
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.