Malaysia

National Recovery Plan assistance being fine-tuned: Tengku Zafrul

Govt also studying other measures to ensure survival of lives and livelihoods, says minister

Updated 5 years ago · Published on 24 Jun 2021 5:49PM

National Recovery Plan assistance being fine-tuned: Tengku Zafrul
Government assistance from the government will be channelled continuously, including under the recently introduced Pemerkasa Plus package, says the finance minister. – The Vibes file pic, June 24, 2021

KUALA LUMPUR – The government is still in the process of fine-tuning the assistance provided under the National Recovery Plan (NRP), said Finance Minister Datuk Seri Tengku Zafrul Tengku Aziz.

He said it is also studying measures that can be introduced to ensure the survival of both lives and livelihoods in facing challenges in the upcoming months.

“Nevertheless, the available assistance will be channelled continuously, including the recently introduced Pemerkasa Plus package to ease the people's burden during Phase 1 of the current movement control order (MCO 3.0),” Tengku Zafrul said in the Laksana report today.

He said NRP is being implemented in phases, with key indicators that need to be achieved before transitioning from one phase to the next.

The main indicators being monitored are the number of daily Covid-19 cases, the capacity of the public health system based on intensive care unit bed utilisation, and the percentage of the population that has completed both vaccine doses.

To protect against financial and cash-flow problems, said Tengku Zafrul, unemployed individuals and those in sectors not allowed to operate during the lockdown are eligible for an automatic loan moratorium for three months or a 50% reduction in instalment payments for six months.

With the remaining RM100 billion from the economic stimulus package and RM200 billion from Budget 2021 left to be spent, he said, the ministry will continue to monitor and refine other forms of assistance to be channelled later under NRP. – Bernama, June 24, 2021

Related News

2y

Zafrul fails in bid to file affidavit in Najib’s house arrest case

Business / 2y

Govt to ensure EV ownership available to all: Tengku Zafrul

Business / 2y

M’sia records RM132.6 bil approved investment in H1: Tengku Zafrul

Malaysia / 3y

Leave political party symbols out of govt aid: Anwar

Malaysia / 3y

Time for Umno to accept waning Malay support: Tengku Zafrul

Business / 3y

Miti ready to discuss T’ganu investment with Saudi Aramco

Spotlight

Malaysia

Four teenagers feared drowned at Tanjung Lompat

World

Thailand to halve visa-free stay to 30 days for 60 countries from Sept 15

Malaysia

Woman injured as concrete debris falls from George Town heritage building

Malaysia

Collision between tanker and ferry under investigation - PPC

By Ian McIntyre

Malaysia

Anwar’s six measures offer relief across the everyday economy

By Alfian Z.M. Tahir

Malaysia

Mahathir’s Merdeka appearance sparks social media debate

By Alfian Z.M. Tahir

You may be interested

Malaysia

MACC arrests former minister over Tabung Haji RCI probe

Malaysia

Sarawak haze crisis deepens as five areas breach hazardous air quality levels

Malaysia

Religious Affairs Ministry condemns Malaysian’s participation in Bangkok pageant

Malaysia

Bangladesh’s 200,000-worker claim not official, says Fahmi

Malaysia

Accountant charged over alleged RM2.53m tax under-reporting

Malaysia

US overcapacity ruling could raise costs, hit Malaysia’s export competitiveness

Malaysia

Luxury MPV used to pick Myanmar migrants after border entry

Malaysia

Negeri gives PH ADUNs, coordinators 30 days to repay outstanding allocations

By Alfian Z.M. Tahir