Page 10 - ECO116 Presentation
P. 10

 Government build a programme that may assist employers economically stricken by the


           pandemic and also the programme has two-pronged objectives, namely ensuring that


           employers are able to continue operating and at the identical time, preventing employees


           from losing their jobs



        The programmed, for the primary three months, companies that employ over 200 workers


           receive RM600 per retained employee and people with between 76 to 200 employees get


           RM800 per employee. Companies with 75 employees, which constitute the bulk of


           employers within the country – will get RM1,200 per worker. For the three months then,


           the quantity of subsidy is at a flat rate of RM600 per worker, no matter the workforce


           size.




        Malaysia has planned countermeasures. The government has announced three stimulus


           packages at RM10 billion, RM20 billion, and RM230 billion. Each of these organisations


           plays a unique role in mitigating covid-19's economic effects by providing wage subsidies,


           discounts on commercial and domestic power consumption, tax exemptions and reliefs for


           domestic visitors
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