COVID-19: ‘PEMERKASA’ Package
18 March 2021
Malaysia is currently in the 5th stage of the 6R Comprehensive Economic Recovery Plan which is ‘Revitalise’. At this stage, the economic recovery strategies are mainly focused on efforts to jump-start the nation’s economy.
In this regard, on 17 March 2021, the Government of Malaysia has announced People and Economic Strategic Empowerment Programme (“Pemerkasa”) worth RM20 billion, with a new fiscal injection of RM11 billion.
The Pemerkasa will introduce 20 strategic initiatives under 4 main focus areas with the aim of boosting economic growth, supporting businesses and continuing to provide targeted assistance to the people and sectors that are still feeling the effects of COVID-19.
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