Malay 中文

Sabah Businesses: Sabah Covid-19 Assistance Package

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1: Electricity Bill Discount for 3 months

Sabah Government: 15% discount would be given to electricity bills of Commercial and Industrial Users from sectors below from April 2020 to September 2020

• Hotel Operation
• Travel and Adventure agencies
• Local Airline Office
• Shopping Complex
• Convention Center
• Parks

2% discount is given by the federal government to 100,000 commercial users from other sectors and industry starts from April 2020 to September 2020

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2. Hawkers Licence Exempted

Sabah Government: Hawkers will also be exempted from paying their hawkers’ licence this year. There are 26,227 hawkers throughout Sabah.

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3. 30% Discount on Quit Rent

Sabah Government announced a 30 percent discount on Quit Rent for this year, which is expected to benefit 232,774 individuals; 9,184 companies; and 402 in various other categories. Those who had paid the Quit Rent this year can get a rebate next year.

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4. RM50 million Sabah SME Fund

Sabah Government: A RM50 million funding for Small and Medium Industries in Sabah (Sabah SME Fund) which offers loans with interest rate as low as 3.5 percent.

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5. Additional RM20 Million Micro Credit Schemes

Sabah Government: An allocation of RM40 million had been prepared for the Micro Credit Scheme for small business owners/operators. He said that the micro credit funding comes with a low interest rate of two percent and is prepared by the Sabah Credit Corporation. The funding is expected to help around 20,000 small business operators/owners throughout Sabah.
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6. Wage Subsidy Plan for Employer – Updated 6th April (PRIHATIN SME+)

Malaysia Federal Government: The Wage subsidy Programme is to help employers who are economically affected by COVID-19 in order to continue the operations of the company and retain employee.The wage subsidy programme announced on 27 March will be expanded from RM5.9 billion to RM13.8 billion.

This assistance is for a 3-month period and is specifically for employers registered with the Companies Commission of Malaysia (SSM) or local authorities before 1 January 2020 and are registered with the Social Security Organisation (SOCSO).

Under this enhanced initiative, all companies with local employees earning a monthly salary each of RM4,000 and below will receive wage subsidies as follows:

• For companies with a workforce of more than 200 people, Government will provide a wage subsidy of RM600 per month for every retained worker. However, the maximum number of workers that a company is eligible to claim for will be increased from 100 to 200 employees.
• For companies with employees between 75 to 200 people, Government will receive a wage subsidy of RM800 per month for every employee.
• For companies with employees of less than 75 people, Government will provide a wage subsidy of RM1,200 per month per employee.
• For employers opting to accept this assistance, they are required to retain their employees at least for a period of 6 months, that is 3 months during the period receiving the subsidies and 3 months thereafter.
• Companies / Employers Click here: How to apply for the Wage subsidy Programme

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7. RM3,000 Special PRIHATIN Grant for micro enterprises (1-5 Staffs) (PRIHATIN SME+)

Malaysia Federal Government: Special PRIHATIN Grant amounting to RM2.1 billion will be established for eligible micro enterprises. A grant of RM3,000 will be provided to each company, benefitting almost 700,000 micro enterprises. The micro SMEs will have to register with LHDN to enjoy this assistance. The local authorities and SSM will provide the list of eligible micro enterprises to Government.

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8. Abolish the 2% interest rate to 0% under the Micro Credit Scheme for micro enterprises (1-5 Staffs) (PRIHATIN SME+)

Malaysia Federal Government: Abolish the 2% interest rate to 0% under the Micro Credit Scheme amounting to RM500 million under Bank Simpanan Nasional (BSN). The soft loan scheme for micro enterprises is also extended to TEKUN Nasional with a maximum loan limit of RM10,000 at 0% for each enterprise. A total of RM200 million fund will be allocated for this purpose. Applicants are given an option to choose either scheme to ensure more beneficiaries of this facility.

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9. 25% Reduction on levy for foreign workers (PRIHATIN SME+)

Malaysia Federal Government: To reduce the levy on foreign workers by 25% to all companies with work permits that will expire in the period of 1 April to 31 December 2020. This reduction is not applicable to the domestic help sector.

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10. Waive or provide discounts for rentals (PRIHATIN SME+)

Malaysia Federal Government: Waive or provide discounts for rentals to SMEs in the retail sector which are operating on premises owned by Government-Linked Companies (GLCs).

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For more information related to point 1 to 5, please refer to
http://www.portal.jtu.my//Publication/data/attachment/57020200325000000/[MALAY]%20SABAH%20WE%20CARE%20-%20PAKEJ%20BANTUAN%20COVID-9%201.pdf

For more information related to point 6, please refer to
https://www.perkeso.gov.my/index.php/en/wage-subsidy-programme

Malaysia ECONOMIC STIMULUS PACKAGE:
https://www.pmo.gov.my/prihatin-economic-stimulus-package/
https://www.treasury.gov.my/pdf/Bantuan-Prihatin-Nasional.pdf
https://www.pmo.gov.my/wp-content/uploads/2020/04/Booklet-PRIHATIN-EN.pdf