COVID-19: National Economic Recovery Plan
08 June 2020
The Malaysian government has steered the country through the challenges of the Covid-19 global pandemic focusing on a 6 step plan: Resolve, Resilience, Restart, Recovery, Revitalize and Reform.
The first stage of the plan was the implementation of the Movement Control Order (MCO) on 18 March 2020 almost 3 months ago. The second stage was aimed at protecting lives and livelihoods of the people via the PRIHATIN Economic Stimulus packages. The country then moved into the third stage by reopening most economic sectors in an orderly and controlled manner via the Conditional MCO (CMCO) from 4 May 2020.
To kick start the Recovery plan under the fourth stage, the Government has on 5 June 2020 unveiled the PENJANA (Pelan Jana Semula Ekonomi Negara) or the National Economic Recovery Plan with a total of 40 key initiatives worth RM35 billion (including RM10 billion of direct fiscal injection).
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