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Global Trade Alert

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Malaysia: Measures to aid business and SMEs under the Supply Bill 2021

Description

On 15 December 2020, Malaysia provided RM 1.5 billion (USD 363.4 million) to companies in the form of wage subsidy in order to help them facing the impact of the COVID-19 pandemic. The wage subsidy wo...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

01 Jan 2021

Revocation date

31 Mar 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Products

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