Thread by @bernamadotcom

[Live] Tun Dr Mahathir @chedetofficial announces Economic Stimulus Package

facebook.com/BernamaTV/vide…

@chedetofficial COVID-19 has greatly impacted the global economy, including Malaysia's - Mahathir @chedetofficial

#COVID19

@chedetofficial 2020 Economic Stimulus Package being introduced to ensure risks to the economy due to COVID-19 can be addressed effectively - Mahathir @chedetofficial

#COVIDー19

@chedetofficial 3 strategies outlined under RM20 bln 2020 Economic Stimulus Package - addressing impact of COVID-19, catalysing people-based growth, encouraging quality investment - Mahathir @chedetofficial

#COVIDー19

@chedetofficial COVID-19 outbreak reduces regional tourist numbers; affects hotels, flights, travel agencies and retail industry - Mahathir @chedetofficial

#COVIDー19

@chedetofficial SC, Bursa Malaysia waive listing fees for LEAP, ACE and companies with market cap of below RM500 mln on Main Market - Dr Mahathir @chedetofficial

@chedetofficial Government-linked companies such as Tenaga Nasional will invest RM13 billion for LED street lighting project, grid transmission and roof solar panel installation - Dr Mahathir @chedetofficial

@chedetofficial MCMC will invest RM3 billion for works related to National Fiberisation and Connectivity Plan - Dr Mahathir @chedetofficial

@chedetofficial Fiscal deficit estimated to grow to 3.4 pct of GDP from original forecast of 3.2 pct - Dr Mahathir @chedetofficial

@chedetofficial Malaysia's economic growth projected at between 3.2 pct and 4.2 pct this year - Dr Mahathir @chedetofficial

@chedetofficial Doctors, other medical personnel involved in COVID-19 containment efforts eligible for special monthly critical allowance of RM400 commencing February 2020 until end of outbreak - Dr Mahathir @chedetofficial

#COVID2019

@chedetofficial Immigration, related front line staff involved in COVID-19 containment efforts eligible for RM200 special monthly critical allowance until outbreak ends - Dr Mahathir @chedetofficial

#COVID2019

@chedetofficial To date, Health Ministry has committed RM150 million to purchase equipment, medicine and consumables in effort to contain COVID-19 outbreak - Dr Mahathir @chedetofficial

#COVID19

@chedetofficial To stimulate tourism industry, govt to introduce personal income tax relief of up to RM1,000 on expenditure related to domestic tourism - Dr Mahathir @chedetofficial

@chedetofficial Malaysians will be eligible to digital vouchers for domestic tourism of up to RM100 per person for domestic flights, rail and hotel accommodation - Dr Mahathir @chedetofficial

@chedetofficial Malaysia has RM2 trillion of savings to disburse the stimulus package worth RM20 bil - Dr Mahathir @chedetofficial

@chedetofficial Government to relax existing guidelines limiting use of hotels by government agencies - Dr Mahathir @chedetofficial

@chedetofficial Government has enough money, but can issue bond to fund stimulus package, if needed - Tun M @chedetofficial

@chedetofficial RM200 Cost of Living Aid payment scheduled for May 2020 will be brought forward to March 2020 - Dr Mahathir

@chedetofficial EPF contribution by employees will be reduced by 4 pct from April 1 to Dec 31, 2020; Malaysian workers can opt to maintain contribution rate - Dr Mahathir

@chedetofficial RM200 Cost of Living Aid payment scheduled for May 2020 will be brought forward to March 2020 - Dr Mahathir @chedetofficial

@chedetofficial Additional RM100 will be paid into bank accounts of all Cost of Living Aid recipients in May 2020; another RM50 to be channelled via e-tunai - Dr Mahathir @chedetofficial

@chedetofficial The government remain committed to fiscal consolidation - Dr Mahathir @chedetofficial

@chedetofficial Agrofood facility of RM1 billion will be provided by BNM at 3.75 pct interest cost to promote food production activities to meet domestic, export demand - Dr Mahathir @chedetofficial

@chedetofficial RM10 million allocation to FAMA to provide food storage facilities to help reduce food prices - Dr Mahathir @chedetofficial

@chedetofficial Grants of RM1,000 to 10,000 local entrepreneurs to promote sale of their products on e-commerce platforms - Dr Mahathir @chedetofficial

@chedetofficial Additional RM2 billion allocation for immediate implementation of small infrastructure and upgrading projects nationwide especially in rural areas - Dr Mahathir @chedetofficial