On 15 June 2021, the Prime Minister of Malaysia, Tan Sri Muhyiddin Yassin, unveiled the National Recovery Plan ("NRP") which comprises four phases.
MalaysiaGovernment, Public Sector
On 15 June 2021, the Prime Minister of Malaysia, Tan Sri
Muhyiddin Yassin, unveiled the National Recovery Plan
("NRP") which comprises four phases.
With the First Phase being extended from 29 June 2021 until the
thresholds for implementing the Second Phase are attained, the
Prime Minister launched a RM150.0 billion financial aid package,
the Pakej Perlindungan Rakyat Dan Pemulihan
Ekonomi ("Pemulih") on
28 June 2021.
Pemulih has a value of RM150.0 billion, of which RM10.0 billion
is a direct fiscal injection by the Government.
Pemulih has three focus areas, namely:
- continuing the rakyat welfare agenda;
- support businesses; and
- accelerating vaccination.
This Alert will briefly outline the initiatives under Pemulih
which seek to support businesses.
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