The Malaysian government has announced a RM40 billion financial aid package that includes RM5 billion direct injection from the government to cushion the impact of the nationwide lockdown.
Program Strategik Memperkasa Rakyat dan Ekonomi Tambahan (PEMERKASA+) has three main objectives namely:
(i) boosting public healthcare capacity
(ii) preserving the people’s welfare, and
(iii) supporting business continuity
Some key measures under the PEMERKASA+ can be found in our Tax Alert.