All You Need To Know About Malaysia's New PEMULIH Stimulus Package

Eunis Ong

Last updated 1 Jul 2021

pemulih package bpr application malaysia

Malaysia Government Announces New PEMULIH Stimulus Package

Malaysia Prime Minster Tan Sri Muhyiddin Yassin unveiled the new Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (also known as PEMULIH) on 28 June. According to his announcement, the PEMULIH stimulus package involves a fiscal injection of RM10 billion and is worth RM150 billion - it targets to help people and businesses tide through hardships caused by the COVID-19 pandemic and the MCO lockdown that does not have a specified end date as of now.

The PEMULIH package includes cash aids, government subsidies, additional BPR payouts, and also a COVID-19 Special Aid (also known as the Bantuan Khas COVID-19 (BKC)).

PEMULIH: Key Pointers Announced

Here's all you need to know about the newly-announced PEMULIH stimulus package:

RM4.6bil will be allocated to the COVID-19 Special Aid program which will benefit 1 million Malaysians including low-income households and those in the B40 and M40 groups (up to RM1300 cash aid).
A one-off RM500 cash aid will be given to those who have lost their jobs due to the COVID-19 pandemic - this scheme is expected to benefit approximately 1 million citizens based on EPF/SOCSO data.
The job seeker's allowance will be extended to new graduates and those in informal sectors. Citizens who wish to apply can complete their registration on MYFutureJobs - successful applicants will receive an allowance of at least RM300.
RM125mil will be injected to HRD Corp (Human Resource Development Corporation) to facilitate the Place and Train initiative. The initiative will provide 30,000 people (e.g: graduates and school-leavers) with training and confirmed job placements.
RM300,000 will be allocated to MPs to launch the food aid initiative for residents in their respective areas.
RM10mil will be allocated to a food basket initiative specifically launched for the orang asli community.
RM6bil will be allocated to maintain the retail price of RON95 petrol, diesel, and LPG.
RM1bil will be allocated to maintain the price of 1kg polybags of cooking oil at RM2.50.
A price control program will be put in place to control the price of cooking oil.
RM15mil will be allocated to NGOs to be channeled into initiatives that will help with issues such as mental health, homelessness, and other mental wellbeing issues.
More psychosocial support will be provided by the government through channels such as helplines (talian kasih).
Badly-affected economic sectors (e.g: hotels, theme parks, shopping malls) will get an extension of electricity bill discounts (10%) for another 3 months from October to December 2021.
The 1GB of daily free data provided by telecommunications companies will be extended till the end of 2021.
RM18m will be allocated for local banks to provide 30 units of mobile banks nationwide which are expected to cover 250 rural localities.
Micro SMEs will receive additional assistance of RM1000 (RM500 in September and November respectively) under the GKP 4.0 grant initiative. RM500 will be given out under the GKP 3.0 initiative by mid-July.
RM3.8bil will be allocated to implement the Wage Subsidy Scheme for employers to support up to 500 workers each, with the assistance of RM600 per worker for 4 months. There will be no salary limit conditions for the scheme (the previous RM4000 salary limit has been removed).
HRD levy payments will be exempted for employers who are unable to operate during the MCO lockdown.
RM100mil will be allocated to assist those in the creative arts sector - this includes incentives to provide job opportunities, develop skills, and create digital art.
Child care centres, nursuries, and kindergartens will be given a one-off RM3000 payment under the Bantuan Khas Taska - this will benefit 4,400 operators nationwide.
Registered school canteen operators will receive a one-off RM1000 payment.
Sports facility operators (e.g: gyms, futsal centres) will receive a one-off RM3000 payment.
Registered travel agencies will receive a RM3000 one-off payment to help revive their businesses - this will benefit over 5,300 registered agencies in Malaysia.
Financial assistance of RM500 per month for 3 months will be provided to the disabled - this will benefit 20,000 OKU in Malaysia.
RM20mil will be allocated to the Program Jaringan Inisiatif Umum (JITU).
RM400mil will be allocated to increase the national vaccine supply.
RM200mil will be allocated to establish new vaccination centres and upgrade existing ones. The government will also be looking into introducing drive-thru vaccination centres, mobile centres, and home-to-home vaccination programmes.
Allowance for volunteer frontliners will be increased from RM50 to RM100 per day (for those who are on duty for more than 12 hours per day).
There will be a six-month postponement for repayment of JPA federal student loans as well as federal scholarship compensation claims.
A six-month automatic moratorium will also be available for all borrowers.
A new initiative called i-Citra will allow EPF members to withdraw up to RM5000 from their savings (first payment expected to be credited in August). Members can start applying for the facility on the i-Citra online portal from July 15.

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