Global Trade Alert
Global Trade Alert

Malaysia: Fourth Stimulus Package announced in response to the COVID-19 pandemic (June 2020)

Announcement

06 Jun 2020

Malaysia has announced the 4th stimulus package to support businesses affected by the COVID-19 pandemic.

Source

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Number of interventions

6

5 certainly harmful

0 likely harmful

1 liberalising

List of interventions

Implementation date

01 Jul 2020

Revocation date:

No revocation date

Updated: 06 Jun 2020
State loan In force

On 5 June 2020, the Prime Minister of Malaysia as part of an RM35 billion stimulus package to support businesses affected by the COVID-19 pandemic announced an RM1 billion (~USD 234 million) PENJAN...

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Implementation date

01 Jul 2020

Revocation date:

31 Dec 2020

Updated: 06 Jun 2020
FDI: Financial incentive

On 5 June 2020, the Prime Minister of Malaysia announced an RM35 billion stimulus package titled “Pelan Jana Semula Economy Negara” or “PENJANA” to support businesses affect...

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Implementation date

01 Jul 2020

Revocation date:

31 Dec 2020

Updated: 06 Jun 2020
Export tax

On 5 June 2020, the Prime Minister of Malaysia announced an RM35 billion stimulus package titled “Pelan Jana Semula Economy Negara” or “PENJANA” to support businesses affected by the COVID-19 pande...

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Implementation date

15 Jun 2020

Revocation date:

31 Dec 2020

Updated: 06 Jun 2020
Local labour requirement

On 15 June 2020, Malaysia provided RM 1.5 billion (USD 350.9 million) under PenjanaKerjaya hiring incentive program. The program offered financial incentives between RM 600 (USD 140.3) and RM ...

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Updated: 06 Jun 2020
Internal taxation of imports

On 5 June 2020, the Prime Minister of Malaysia announced an RM35 billion (~USD 8.2 billion*) stimulus package titled “Pelan Jana Semula Economy Negara” or “PENJANA” to suppo...

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Implementation date

15 Jun 2020

Revocation date:

No revocation date

Updated: 06 Jun 2020
Interest payment subsidy In force

On 5 June 2020, the Prime Minister of Malaysia announced an RM35 billion stimulus package titled “Pelan Jana Semula Economy Negara” or “PENJANA” to support businesses affect...

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