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| Prime Minister Tan Sri Muhyiddin Yassin unveils the government's latest aid package for the rakyat called Pakej Perlindungan Rakyat dan Pemulihan Ekonomi or Pemulih. |
Govt launches PEMULIH Package worth RM150 bln, including fiscal injection of RM10 bln
KUALA LUMPUR, June 28 — The government has today launched the National People’s Well-Being and Economic Recovery Package (Pemulih) worth RM150 billion, comprising the government’s direct fiscal injection of RM10 billion, aimed at providing comprehensive assistance to the people and focusing on three main focuses, Prime Minister Tan Sri Muhyiddin Yassin said.
According to him, the three focuses are Continuing the People’s Welfare Agenda, Supporting Businesses and Increasing Vaccinations.
“Since the Covid-19 pandemic hit our country, the government has implemented seven assistance programmes and stimulus packages with a total value of RM380 billion.
“So far, more than RM200 billion has been channelled and benefited more than 20 million people and 2.4 million businesses. Budget 2021 is worth RM322.5 billion and there is still RM100 billion to be spent until the end of this year,” he said during the announcement of the Pemulih package which was broadcast live on television today.
Muhyiddin said to focus on continuing the people’s welfare agenda, the government announced that until the end of this year, it would channel direct cash assistance to the people amounting to RM10 billion. This direct cash assistance includes Bantuan Prihatin Rakyat or BPR.
During the recent Pemerkasa Plus announcement, the government agreed to provide additional BPR payment of up to RM500 in July and the payment will be made in stages starting tomorrow, June 29.
Meanwhile, the third phase of BPR with aid of RM100 to RM1,400 will be paid in September.
September will also involve payments of approved BPR appeal cases.
In total, the BPR value until the end of the year was RM4.9 billion.
Meanwhile, to ensure that the people receive assistance in the coming months until the end of 2021, he also announced the provision of Special COVID-19 Assistance or BKC with the following rates and categories:
Hardcore poor households will receive assistance of RM500 in August, RM500 in November and RM300 in December.
Single individuals in the hardcore poor category will receive assistance of RM200 in August and RM300 in November.
B40 households will receive assistance of RM500 in August and RM300 in December and single B40 individuals will receive assistance of RM200 in August.
M40 households will enjoy assistance of RM250, while M40 singles will receive RM100 in August.
“Overall, this BKC grant is expected to benefit more than 11 million households, senior citizens and singles with an allocation of RM4.6 billion,” he said.
He said the government will also provide electricity discounts to domestic and non-domestic consumers where the government will bear an additional cost of RM1 billion.
To focus on supporting business, the government will channel several forms of assistance to ensure business continuity in these two phases.
Through this second focus, several approaches will be improved such as reducing employers’ costs, supporting digitalisation efforts, providing financial assistance and tax incentives, providing financing facilities and continuing employment incentives.
“The implementation of the Prihatin Special Grant or GKP has successfully supported business survival among small traders, especially those who are still not allowed to operate.
“Overall, the government has allocated a total of RM5.1 billion through the GKP initiative. Recently, under Pemerkasa Plus, eligible recipients had already received their GKP 3.0 payment of RM1,000 about two weeks ago and will receive a further RM500 in mid-July,” he said.
The government also understands the difficulties faced by micro, small and medium entrepreneurs at present and announces the provision of additional payments under GKP 4.0 to eligible recipients of RM500 to be paid in September and another RM500 in November 2021.
“The government hopes that with this GKP 4.0 payment, about one million micro, small and medium entrepreneurs, such as barbershop operators, workshop owners, bakery and cake shops, healthcare centres, etc can reduce their monthly liabilities and help their cash flow.
“What is important, for micro-entrepreneurs who have not yet received this assistance, registration will open in mid-July,” he said.
— Bernama Source link
According to him, the three focuses are Continuing the People’s Welfare Agenda, Supporting Businesses and Increasing Vaccinations.
“Since the Covid-19 pandemic hit our country, the government has implemented seven assistance programmes and stimulus packages with a total value of RM380 billion.
“So far, more than RM200 billion has been channelled and benefited more than 20 million people and 2.4 million businesses. Budget 2021 is worth RM322.5 billion and there is still RM100 billion to be spent until the end of this year,” he said during the announcement of the Pemulih package which was broadcast live on television today.
Muhyiddin said to focus on continuing the people’s welfare agenda, the government announced that until the end of this year, it would channel direct cash assistance to the people amounting to RM10 billion. This direct cash assistance includes Bantuan Prihatin Rakyat or BPR.
During the recent Pemerkasa Plus announcement, the government agreed to provide additional BPR payment of up to RM500 in July and the payment will be made in stages starting tomorrow, June 29.
Meanwhile, the third phase of BPR with aid of RM100 to RM1,400 will be paid in September.
September will also involve payments of approved BPR appeal cases.
In total, the BPR value until the end of the year was RM4.9 billion.
Meanwhile, to ensure that the people receive assistance in the coming months until the end of 2021, he also announced the provision of Special COVID-19 Assistance or BKC with the following rates and categories:
Hardcore poor households will receive assistance of RM500 in August, RM500 in November and RM300 in December.
Single individuals in the hardcore poor category will receive assistance of RM200 in August and RM300 in November.
B40 households will receive assistance of RM500 in August and RM300 in December and single B40 individuals will receive assistance of RM200 in August.
M40 households will enjoy assistance of RM250, while M40 singles will receive RM100 in August.
“Overall, this BKC grant is expected to benefit more than 11 million households, senior citizens and singles with an allocation of RM4.6 billion,” he said.
He said the government will also provide electricity discounts to domestic and non-domestic consumers where the government will bear an additional cost of RM1 billion.
To focus on supporting business, the government will channel several forms of assistance to ensure business continuity in these two phases.
Through this second focus, several approaches will be improved such as reducing employers’ costs, supporting digitalisation efforts, providing financial assistance and tax incentives, providing financing facilities and continuing employment incentives.
“The implementation of the Prihatin Special Grant or GKP has successfully supported business survival among small traders, especially those who are still not allowed to operate.
“Overall, the government has allocated a total of RM5.1 billion through the GKP initiative. Recently, under Pemerkasa Plus, eligible recipients had already received their GKP 3.0 payment of RM1,000 about two weeks ago and will receive a further RM500 in mid-July,” he said.
The government also understands the difficulties faced by micro, small and medium entrepreneurs at present and announces the provision of additional payments under GKP 4.0 to eligible recipients of RM500 to be paid in September and another RM500 in November 2021.
“The government hopes that with this GKP 4.0 payment, about one million micro, small and medium entrepreneurs, such as barbershop operators, workshop owners, bakery and cake shops, healthcare centres, etc can reduce their monthly liabilities and help their cash flow.
“What is important, for micro-entrepreneurs who have not yet received this assistance, registration will open in mid-July,” he said.
— Bernama Source link
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Govt launches PEMULIH Package worth RM150 bln, including ...
PM announces Pemulih package, new cash aid BKC worth RM4.6 billion
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin is unveiling the government's latest aid package for the rakyat called Pakej Perlindungan Rakyat dan Pemulihan Ekonomi or Pemulih..
In a special address being broadcast live to the nation this evening, Muhyiddin said the package is worth RM150 billion, including the government's direct fiscal injection of RM10 billion..
Pemulih is aimed at giving a comprehensive aid to the rakyat based on three main focuses; continuing with the Prihatin Rakyat agenda, supporting businesses and increasing vaccination rate..
To ensure that the people continue to receive aid in the months to come until year end, Muhyiddin announced the Bantuan Khas Covid-19 or BKC worth RM4.6 billion which will benefit over 11 million households, senior citizens and singles in the Bottom40 (B40) and Medium40 (M40) categories..
.
"In the hardcore poor category, households will receive RM500 in Aug and Nov as well as RM300 in Dec while single people will get RM200 in Aug and RM300 in Nov..
"Households in the B40 category will get RM500 in Aug and RM300 in Dec while single people will receive RM200 in Aug..
"The M40 households and singles, he said, will get RM250 and RM100 respectively in Aug," he said..
https://youtu.be/P3_hgMNUQqk
Muhyiddin said this was in addition to the Bantuan Prihatin Rakyat or BPR which was announced in Pemerkasa Plus previously where the government agreed to give aid of up to RM500 in July and in stages starting tomorrow (June 29)..
Phase 3 of the BPR, he said, where the assistance ranges between RM100 and RM1,400 will be paid out in September, along with payments for BPR appeal cases which have been approved..
Overall, the value of BPR stands at RM4.9 billion..
Muhyiddin said there will also be Bantuan Kehilangan Pendapatan where in Oct, Rm500 will be channeled to workers who had lost their income based on the Employees Provident Fund (EPF) and the Social Security Organisation's (Socso) data this year..
The aid, he said, will benefit up to 1 million members with a financial implication of RM500 million..
"These three financial assistance from June to Dec this year are catered to those who are in need. I hope it will help the beneficiaries for their survival in the coming months, insyaAllah..
"I am aware that many have been badly affected for over a year since the pandemic started. Although millions of Malaysians have benefited from cash assistance since March last year and many had received government aid of sorts, I understand that assistance must continue to be stepped up for as long as this crisis lasts..
"The government will try its best to ease the burden shouldered by the people and we will not stop to do our best," he said..
Muhyiddin added that the government will expand the Elaun Mencari Pekerjaan (Job-Seeking Allowance) to Sosco non-contributors, especially new graduates, school-leavers and informal sector workers where those who are registered under MyFutureJobs are set to receive at least a RM300 allowance..
The government, he added, will allocate RM125 million through the Human Resource Development Corporation to implement the Place and Train initiative under the Janapreneur programme especially for school-leavers and graduates..
"This initiative is expected to offer opportunities to 30,000 people to undergo skill training programmes with the assurance of job employment once it concludes..
"The Malaysian Digital Economy Corporation will enhance its existing programmes which are eRezeki and Glow to assist over 20,000 job seekers in the gig economy sector," he said..
Phase 3 of the BPR, he said, where the assistance ranges between RM100 and RM1,400 will be paid out in September, along with payments for BPR appeal cases which have been approved..
Overall, the value of BPR stands at RM4.9 billion..
Muhyiddin said there will also be Bantuan Kehilangan Pendapatan where in Oct, Rm500 will be channeled to workers who had lost their income based on the Employees Provident Fund (EPF) and the Social Security Organisation's (Socso) data this year..
The aid, he said, will benefit up to 1 million members with a financial implication of RM500 million..
"These three financial assistance from June to Dec this year are catered to those who are in need. I hope it will help the beneficiaries for their survival in the coming months, insyaAllah..
"I am aware that many have been badly affected for over a year since the pandemic started. Although millions of Malaysians have benefited from cash assistance since March last year and many had received government aid of sorts, I understand that assistance must continue to be stepped up for as long as this crisis lasts..
"The government will try its best to ease the burden shouldered by the people and we will not stop to do our best," he said..
Muhyiddin added that the government will expand the Elaun Mencari Pekerjaan (Job-Seeking Allowance) to Sosco non-contributors, especially new graduates, school-leavers and informal sector workers where those who are registered under MyFutureJobs are set to receive at least a RM300 allowance..
The government, he added, will allocate RM125 million through the Human Resource Development Corporation to implement the Place and Train initiative under the Janapreneur programme especially for school-leavers and graduates..
"This initiative is expected to offer opportunities to 30,000 people to undergo skill training programmes with the assurance of job employment once it concludes..
"The Malaysian Digital Economy Corporation will enhance its existing programmes which are eRezeki and Glow to assist over 20,000 job seekers in the gig economy sector," he said..
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Prime Minister Muhyiddin Yassin also announces discounts on ... on electricity bills, to cash and food aid to be allocated through MPs from both sides of the divide. ... part of Pemulih, the government's RM150 billion financial aid package to ... RM4.6 billion for Covid-19 Special Assistance (BKC) involving 11
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