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Prime Minister Tan Sri Mahiaddin Md Yasin today announced the RM150 billion Rakyat Protection and Economic Recovery Package (PEMULIH) as Malaysia continues to remain in lockdown under Phase 1 of the National Recovery Plan.

READ MORE: There Are 4 Phases Planned For The Country To Recover From Covid-19

The total value of the PEMULIH package is RM 150 billion ringgit and includes the government’s direct fiscal injection of 10 billion ringgit.

PEMULIH has three main focuses: continuing the People’s Concern Agenda (Agenda Prihatin Rakyat), supporting businesses, and improving vaccination rates .

Supporting businesses

Geran Khas Prihatin (GKP) 4.0

The government has agreed to provide additional payments under Geran Khas Prihatin (GKP) 4.0 to the eligible recipients. RM500 will be paid in September and RM500 again in November 2021.

Program Subsidi Upah (PSU) 4.0

Through the Program Subsidi Upah (PSU) 4.0 initiative the government will accommodate up to 500 workers for each employer at a rate of RM600 per-employee for a period of four months; 2 months for all sectors in Phase 2 of PPN, and the next 2 months specifically for sectors categorised in the negative list during Phase 3.

Under PSU 4.0, there are no salary limit conditions. This means, employers can apply for PSU 4.0 for its employees who earn more than RM 4,000.

HRD Corp levy exemption

HRD Corp levy exemption for a period of two months will be given automatically to employers who are currently unable to operate under MCO.

Additionally, employers from new sectors that are included as a result of an extension of the Perbadanan Sumber Manusia Berhad Act 2001,  will get an extension of levy exemption until 31 December 2021.

New jobs

Under the National Employment Council or NEC, the government will create employment opportunities and skills training placements through collaboration strategies between Government agencies and industry players.

Through the PenjanaKerjaya program by SOCSO, the government has provided financial incentives to employers who provide new job opportunities.

PenjanaKerjaya 3.0 programme will continue with some improvements. The salary eligibility limit is lowered from RM1,500 to RM1,200.

The term of the employment contract will also be relaxed from 12 months to 6 months for the category of employees aged 50 years and above, the disabled, and ex-convicts.

Go online and cashless transactions

To Encourage digitisation and cashless transactions the government has developed the Program Pemerkasaan Pendigitalan Usahawan Kecil or PUPUK with an allocation of RM200 million for micro, small and medium enterprises (PMKS) and RM100 million for small and medium enterprises (PKS).

For the entertainment industry

The government will allocate RM100 million in the form of financing facilities and financial assistance support.

These provisions include incentives for the production of creative works and digital content, career opportunities, skills upgrading programs, contributions protection under SOCSO, as well as the acquisition of products for production purposes in television, radio, and songwriting.

MORE TO COME

READ MORE: PEMULIH Recovery Plan: Part 1 – For The Rakyat

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