What support package will the Finance Ministry provide for affected sectors?

Question

Accepted Answer

The Finance Ministry Will Develop an Assistance Package for Affected Sectors

The Finance Ministry is set to formulate an assistance package designed to support Malaysians and economic sectors impacted by the upcoming total lockdown. This initiative follows the Prime Minister's Office's announcement of a nationwide lockdown from June 1 to June 14, aimed at curbing the escalating Covid-19 cases. Details regarding the specific components, eligibility, and timeline of this support package have not yet been disclosed.
National Lockdown Announced

The Prime Minister's Office declared a total lockdown, encompassing all social and economic activities, to be implemented from June 1 to June 14. This measure is a response to the deteriorating Covid-19 situation in Malaysia. During this period, only essential economic and service sectors, to be subsequently listed by the National Security Council (NSC), will be permitted to operate.
Phased Lockdown Approach

The government intends to implement a phased approach to the lockdown. If the initial phase successfully reduces daily Covid-19 cases, the country will progress to Phase Two. This next phase would allow for the reopening of economic sectors that do not involve large gatherings and where physical distancing can be maintained, running for four weeks. Subsequently, Phase Three would signify a return to restrictions similar to the current movement control order (MCO), permitting most economic sectors to operate with limitations, while social activities remain prohibited.
Decision-Making Criteria for Phases

The progression between these lockdown phases will be contingent upon the Health Ministry's risk assessment. This assessment will consider the daily number of new Covid-19 cases and the capacity of the nation's public health system to manage infected individuals. The Finance Ministry's development of an assistance package is a direct consequence of the government's decision to impose a comprehensive closure of economic and social activities.

Reading history

Hide →

This history is cleared when the page is closed.

What support package will the Finance Ministry provide for affected sectors?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

1

0

0

Share with friends