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Relief Measures for SMEs Affected by COVID-19

Relief Measures for SMEs Affected by COVID-19

  • Since the commencement of the Movement Control Order in March 2020, the Government has proactively introduced several measures under the PRIHATIN Economic Stimulus Packages and the National Economic Recovery Plan (PENJANA) which are aimed at cushioning the impact of COVID-19 and reinvigorating the country’s economic growth. Focus has also been given to assist SMEs who have been adversely affected and to offer financial aid and other forms of assistance to sustain their business operations while encouraging domestic investments and safeguarding jobs. Among measures that have been introduced include:

    • Empower the People;
    • Fund to Propel SME Business;
    • National Technology and Innovation Sandbox (NTIS);
    • Tax Reliefs; and
    • Training and Skills Upgrading.

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