Dr M announces RM20bil stimulus: Extra BSH, cash for front liners fighting Covid-19
Interim Prime Minister Dr Mahathir Mohamad today unveiled the economic stimulus plan which was supposed to be announced by the previous Pakatan Harapan government but was delayed after the government was abruptly dissolved.
In the announcement, Mahathir unveiled a slew of measures including cash aid and incentives to help the country cushion economic uncertainties due to the threat of the Covid-19 virus that has infected more than 82,000 people worldwide and claimed more than 2,800 lives.1) RM600 one-off payment to taxi drivers, tourist bus drivers, tourist guides and registered trishaw drivers.
2) RM400 special monthly critical allowance for doctors and medical personnel directly involved in containing Covid-19. 3) RM200 for immigration and related front line staff from February 2020 until the end of the pandemic.5) An additional RM100 will be paid to BSH recipients in May 2020 on top of an additional RM50 in the form of e-wallet.6) Up to RM100 in digital domestic tourism voucher per person for domestic flights, rails and hotel accommodation for all Malaysians.
7) Contributors allowed to reduce minimum Employees Provident Fund contribution by four percent effective April 1 until Dec 31 which can keep up to RM10 billion in consumers' hands.
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