Penang unveils new stimulus package worth RM76mil

GEORGE TOWN (Bernama): Penang Chief Minister Chow Kon Yeow, in a press conference streamed live on his Facebook page, announced the state's "Pakej Bantuan Rakyat Pulau Pinang 2.0" totalling RM76mil to continue strengthening the economy in the wake of the pandemic.

He said this second economic stimulus package was guided by three objectives, namely to provide assistance to Penangites most affected by the pandemic, capacity-building involving the working group, and continuity of businesses to ensure the state's economy continued to grow post-COVID-19,

"In simple terms, Pakej Bantuan Rakyat Pulau Pinang 2.0 aims to put money in the hands of those most impacted, into the market and targeted industries.

"With Pakej Bantuan Rakyat Pulau Pinang 2.0, it brings the overall state government's assistance incentives to RM151mil which has and will benefit families, workers and industries.

He also said in order to lighten the burden of Penang residents, the two local authorities in the state – Majlis Perbandaran Seberang Perai (MBSP) and Majlis Perbandaran Pulau Pinang (MBPP) – would be giving rebates involving almost 600,000 units of real estate, entailing savings of over RM47.3mil for ratepayers.

Chow also announced cash aid of RM500 to hawkers who had not received any assistance, numbering 8,769 and involving an allocation of RM4.38mil, RM400 each to 5,841 inshore fishermen and assistance in the form of insulation boxes worth RM180 per box to 250 land and riverine fishermen.

The package also provides RM500 each to 118 nurseries, 62 taska, 465 tadika and a special provision of RM100,000 meant for NGOs and individuals who helped tackle domestic violence during the movement control order (MCO).

As for the state's tourism sector which is the most affected by the pandemic, Chow said, the state government had decided to pump in an additional RM10mil into the Peka Scheme under the Penang Development Corporation, apart from RM200,000 for Show Penang, a project to digitalise arts, culture and heritage content, a first in the country. – Bernama

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Covid-19 , Kedah , Penang , stimulus , assistance


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