THE Covid-19 pandemic has caused a devastating impact to the world and Malaysia. It has posed immense challenges to businesses as well as ordinary Malaysians – where household incomes continue to decline and jobs are at risk.
On March 27, Prime Minister Tan Sri Muhyiddin Yassin announced the largest economic stimulus package worth RM250bil in total – equivalent to about 17% of 2019 GDP. The package is designed based on three main thrusts: protecting the well-being of the rakyat; supporting business; and strengthening the nation’s economy.