Malaysia Stimulus Package April 2020

Insya allah the 2020 economic stimulus package will be as successful.

Malaysia stimulus package april 2020. The payment will be made in april 2020. Recognising their sacrifices the government will increase the special allowance from rm400 to rm600 per month effective 1 april 2020 until the outbreak ends. Below are the highlights of the economic stimulus package.

On 6 april 2020 the government announced an additional economic stimulus package aimed at assisting small and medium enterprises smes and micro businesses to withstand the impact of covid 19 outbreak and movement. In this regard the government will allocate rm1 billion for food security fund. Summary of economic stimulus package 2020 in malaysia on 27 march 2020 prime minister muhyiddin yassin has announced an economic stimulus package known as caring package valued at rm250 billion that will benefit all the malaysians.

Meanwhile more than 850 000 government pensioners will be given a one off rm500 assistance in april 2020. This package is a response to the recent outbreak of covid 19 which was responsible for closure of cities shut down of factories and restrictions on travel in. During this critical period it is important to ensure food supply remains sufficient.

Due to the global economic scenario and covid 19 impact malaysia s gdp growth in 2020 is estimated to be in the range of 3 2 to 4 2. Government will provide a one off cash incentive of rm600 in april 2020 to taxi drivers tour bus drivers tour guides and trishaw drivers who are active and registered since 31 december 2019.