Muhyiddin unveils RM10bil stimulus package for SMEs (updated)


PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has unveiled a special stimulus package worth RM10bil aimed at small and medium-sized enterprises (SMEs) in a bid to soften the impact of the movement control order (MCO).

According to Muhyiddin, SMEs and micro-businesses made up two-thirds of the workforce of the country and contributed 40% of the country’s economy.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Community service to be enforced in July for littering, minor offences in Penang
Six men plead not guilty to rioting, causing grievous hurt in viral Mount Austin case
PAS confirms it will lead Perikatan Nasional
Pahang hit by floods again, one relief centre opened in Raub
Body of second drowning victim in Dungun found
Bersatu still a steadfast partner in Perikatan, says Muhyiddin
Woman, jobless man charged with attempted murder of husband in Johor
Helicopter incident: Injured crewman to be transferred to Armed Forces hospital in Lumut today
AirBorneo’s inaugural flights take off from Kuching
Litterbugs may trim trees as part of new community service punishment, says Nga

Others Also Read