PETALING JAYA: The Pemerkasa Plus stimulus package is insufficient to cushion the brunt of the current lockdown's economic impact, says Malaysia Retailers Association (MRA).
Its president Tan Sri William Cheng said given the impact of the lockdown on retail businesses, especially those that are unable to operate, MRA appealed to consider increasing the allocation under the assistance.
"The grim reality is that many retailers and retail businesses continue to struggle to make ends meet and to cope with high operating cost," he said in a statement on Wednesday (June 2).
MRA listed down several suggestions to help businesses to stay afloat.
Among them, to extend the wage subsidy programme to December and the quantum to be set at 50% for all employees earning RM4,000 and below, as well as not limiting the number of eligible employees per company.
It also appealed to the government to intervene and compel landlords to agree to pure GTO rent, based on the principle of sharing gross profits or to give a full waiver on the gross rental.
MRA also called for the government to provide a reduction in the utilities bill and suspend the contribution of the mandatory HRDF levy until Dec 31.
The association also urged for the bank moratorium to be implemented automatically for at least one year for all instead of conditional and targeted as all businesses are interconnected.
"All retailers, no matter small, medium or large, are all suffering under these extraordinary circumstances.
"We are definitely in need of fundamental from Government to help us tide through there's unprecedented times," he said.
On May 31, an RM40bil aid package was announced for the people to face economic challenges during the lockdown.
In a special address on Monday (May 31), Prime Minister Tan Sri Muhyiddin Yassin said a number of initiatives would be implemented under the "Program Strategik Memperkasa Rakyat dan Ekonomi Tambahan" (Pemerkasa Plus).