More aid for Malaysian SMEs as Muhyiddin unveils additional RM10 billion package amid COVID-19

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More aid for Malaysian SMEs as Muhyiddin unveils additional RM10 billion package amid COVID-19
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KUALA LUMPUR: The Malaysian government on Monday (Apr 6) announced an additional stimulus package worth RM10 billion (US$2.3 billion) to help ...

Additionally, Mr Muhyiddin urged licensed money lenders to issue a six-month moratorium on repayments starting April.

“Also will allow a 25 per cent reduction in foreign workers' levy to all companies whose workers’ permits expire between Apr 1 and Dec 31, 2020. This reduction in levy does not apply to domestic workers,” he said.Firefighters spray disinfectant on a street during the movement control order in Kuala Lumpur, Malaysia, Mar 31, 2020.

The MCO which was initially announced to take place between Mar 18 to Mar 31 was extended another two weeks to Apr 14.As of Monday, Malaysia has a total of 3,793 positive cases, the highest in Southeast Asia. The country's death toll is 62.

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