The first addresses the plight of the underprivileged and the middle class caught in dire straits due to the coronavirus pandemic.
This is an addition to the RM5.9bil wage subsidy in the RM250bil Prihatin package announced on March 27. “It is therefore vital for us to ensure that SMEs continue to be resilient and sustainable in facing the economic stress and challenges that we all experiencing now,” he said in a televised address yesterday.
The government has also abolished the 2% interest under the RM500mil microcredit schemes offered by Bank Simpanan Nasional. Muhyiddin added that SMEs in premises owned by government-linked companies will have their rental waived or they will enjoy discounts on the rental.
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