Group of NGOs, entrepreneurs call for second economic stimulus package

  • Nation
  • Tuesday, 17 Mar 2020

KUALA LUMPUR: NGO and entrepreneurs groups are requesting the government to roll out a second stimulus package that prioritises Small Medium Enterprises (SME), self-employed entrepreneurs and a retrenched workforce.

Covid-19 Special Task Force Secretariat secretary Shahul Dawood, who represented the groups, said in a press conference that the loan funds of RM3.5bil out of RM20bil of the 2020 Economic stimulus package for SMEs was not sufficient.

“We seek a special request from the government to help all the affected SMEs and entrepreneurs in this difficult time.

“The first stimulus package was planned before Covid-19 movement control order and if you ask me how much is enough, I do not have the answer.

“What we are asking is to roll out plans to help us financially so that we have more time to reorganise ourselves amidst this calamity to ensure the sustainability of the NGOs, ” he said.

Shahul also highlighted a 10-point plan for the government to assist NGOs and entrepreneurs.

It includes banks to give six-month deferment on repayments, deferment on statutory payments for a minimum of six months and waiver of utility bills, soft loans, sales and services tax exemptions, incentives for businesses using digital technology, waiver of tourism and entertainment tax, lower corporate tax rates and postponement of Visit Malaysia Year 2020.

The proposal is to be sent directly to the Prime Minister Tan Sri Muhyiddin Mohd Yassin.

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