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Relief Measures for SMEs Adversely Affected by COVID-19

Relief Measures for SMEs Affected by COVID-19

  • The Government has proactively introduced an Economic Stimulus Package and the National Economic Recovery Plan (PENJANA) to cushion the impact of COVID-19 and stimulate the economic growth. Measures to help the Small and Medium Enterprises (SMEs) to sustain their business operations are as follows:


 No   Measures   Info/ Contact Details
 1.

RM5 billion Special Relief Facility at an interest rate of 3.5% to SMEs (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
www.bnm.gov.my
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my

Application can be made online through: https://imsme.com.my/
imSME is Malaysia’s online SME financing/loan referral platform  managed by Credit Guarantee Corporation Malaysia Berhad (CGC), and is supported by Bank Negara Malaysia as well as participating banks

Pusat Khidmat Pelanggan CGC
Tel: 03-7880 0088
Fax: 03-7803 0077
E-mel: csc@cgc.com.my
www.cgc.com.my

Participating Financial Institutions (PFIs) nationwide:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888

17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

         Please contact:
         No. Tel: 03-2601 2000
         Email: communications@exim.com.my

Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363

2 Financing up to RM300,000 for SMEs in operation for less than four(4) years under BizMula-I and BizWanita-i Scheme

Further info:
https://imsme.com.my/portal/bizjamin-special-relief-facility/

Application can be made online through: https://imsme.com.my/

Pusat Khidmat Pelanggan CGC
No. Tel: 03-7880 0088
Fax: 03-7803 0077
Email: csc@cgc.com.my

3 Social Finance Program for B40 entrepreneurs. Social financial donations will be channelled in the form of initial capital for micro entrepreneurs using zakat funds and matched with micro financing at an affordable rate.

For further info, please contact:

Bank Islam Malaysia Berhad
https://www.facebook.com/BankIslamFB
https://www.instagram.com/bankislam/
No. Tel: 03-2088 8000 / 03-2690 0900
Email: contactcenter@bankislam.com.my

Majlis Agama Islam Wilayah Persekutuan (MAIWP)
https://www.maiwp.gov.my
No. Tel: 03-4047 9444
Fax : 03-4044 9444
Email: promaiwp@maiwp.gov.my

4  RM2 billion PENJANA SME Financing (PSF) with a maximum loan size of RM500,000 per SME at a concession rate of 3.5% to assist SMEs adversely impacted by COVID-19 in order to sustain business operations. 

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)

Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my

5

RM1 billion for PENJANA Tourism Financing (PTF) to finance transformation initiatives by SMEs in the tourism sector to remain viable and competitive in the new normal.

 

Notes: To be announced in July 2020

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)

Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my

 
6

RM200 million for Child Care Subsidy including one-of grant of up to RM5,000 per childcare centre registered with Ministry of Women, Family and Community (up to 31 December 2020) to comply with new healthcare SOP.

 

For any inquiry, please contact:
Jabatan Kebajikan Masyarakat (JKM)

Puan Hartini Abd. Halim
No. Tel: 03-8323 2242
Email: hartini_abdhalim@jkm.gov.my

 Puan Siti Rahiel Che Rahim
No. Tel: 03-8323 2245
Email: sitirahiel@jkm.gov.my

7

RM200 million financing for working capital, operational expenditure, system automation, equipment and expenditure to implement social distancing practices.

 

Financing for up to 5 years at 3.5% profit rates with moratorium of up to 6 months from disbursement. 

Perbadanan Usahawan Nasional Berhad (PUNB)
No Tel : 03-2785 1515
Customer Service: 1 300 13 7862
Email: customerservice@punb.com.my
www.punb.com.my

8 RM300 million working capital loans at 3.5% interest to assists affected Bumiputera entrepreneurs including training colleges.

PMB Tijari Berhad
Level 20, 1 Sentral,
Jalan Rakyat, Kuala Lumpur Sentral
50470 Kuala Lumpur.
Tel No. : 03-2785 9800
Whatapps: +6011-1099 0002
Email: spimpenjana@pmbtijari.com.my
http://www.pmbtijari.com.my/spimpenjana

9

RM700 million microcredit scheme at 0% interest without collateral to affected businesses with at least six (6) months in operation.

 

 

TEKUN Nasional
Application form:
https://www.tekun.gov.my/ms/inisiatif-tekun-covid19/borang/

For any inquiry, please call:
Encik Mohd Yusri Mohd Yusob (012-551 6275); or
Encik Mohd Yusliezal Mohd Yusof (019-609 6251)

 
10

RM400 million PENJANA Microfinancing at 3.5% interest, capped at RM50,000 per enterprise.

 

Notes:
A total of RM50 million is earmarked for women entrepreneurs

Bank Simpanan Nasional (BSN)
Hotline: 1300 88 1900
www.mybsn.com.my

TEKUN Nasional
www.tekun.gov.my

For any inquiry, please call:
Encik Mohd Yusri Mohd Yusob (012-551 6275) /Encik Mohd Yusliezal Mohd Yusof (019-609 6251) / Encik Muhammad Adib Fitrie Mukhtar (017-901 8535)

11 RM350 million Micro Credit Financing for agriculture and food sector support with profit rate of 3.5% interest per annum. 

Bank Pertanian Malaysia Berhad (Agrobank)
Tel: 1 300 88 2476
www.agrobank.com.my
Email: enquiry.customercare@agrobank.my 

https://www.agrobank.com.my/announcements/notice-micro-credit-financing-scheme-rm350-million/

12  RM80 million Technology Innovation Sandbox to encourage innovation and creativity that can propel the digitalisation of service delivery and spur start-ups.

National Technology Sandbox Information (NTIS) Secretariat,
c/o Malaysian Global Innovation & Creativity Centre (MaGIC).

Tel: 03-8324 4829
Email: ntis.enquiries@sandbox.gov.my
https://www.sandbox.gov.my

13  RM10 million Matching Grant for Special Enterprise Elevation 

Malaysian Global Innovation & Creativity Centre (MaGIC)
Tel: 03-8324 4801
Email: enquiries@mymagic.my
www.mymagic.my

14  Approval process for existing loan in Tourism Infrastructure Fund worth RM1.5 billion will be expedited

Tabung Infrastruktur Pelancongan
Kementerian Pelancongan, Kesenian dan Kebudayaan Malaysia
(MOTAC), Putrajaya
Tel: 03-8891 7480 /7492 /7469
Email: danapelancongan@motac.gov.my

Guidelines:
http://insentif.motac.gov.my/

Application form:
http://www.motac.gov.my/program/tabung-insentif/tabung-infrastruktur-pelancongan

 

For advisory, terms & condition of the financing, please contact:
Bank Pembangunan Malaysia Berhad (BPMB)
Menara Bank Pembangunan
Bandar Wawasan, No 1016, Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: 03-2611 3888

15 RM500 million matching grant to promote tourism

For application, please contact:

Unit Perancangan Strategik
Bahagian Pengurusan Maklumat
Kementerian Pelancongan, Kesenian dan Kebudayaan Malaysia (MOTAC), Putrajaya
No Tel: 03-8000 8000
Fax: 03-8891 7545

16 RM100 million training matching grant for tourism & other affected sectors For any inquiry, please contact:

Human Resources Development Fund
Email: support@hrdf.com.my / strategicinitiatives@hrdf.com.my
No. Tel: 1800 88 4800
17 RM50 million for short courses in digital skills and highly skilled courses

For any inquiry, please contact:

Human Resources Development Fund
Email: support@hrdf.com.my / strategicinitiatives@hrdf.com.my
No. Tel: 1800 88 4800

18 Human Resource Development Fund (HRDF) levy exemption for all sectors for a period of six (6) months beginning April 2020.

Online application:
https://apps.hrdf.com.my:8443/INDCERT_EMP/

For any inquiry, please call or visit any HRDF Region Office nationwide:
https://www.hrdf.com.my/contacts-us/

No. Tel: 1800 88 4800
Fax: 03-2096 4999
Email: support@hrdf.com.my

19 25% reduction in foreign workers' levy payments to all companies whose work permit expires from 1 April to 31 December 2020 but does not apply to domestic help sector.

For any inquiry, please call or visit any of the Immigration Department office nationwide:
https://www.imi.gov.my/index.php/en/contact-us/address-and-locations.html

20 Deferment of tax instalment payment for tourism industry to 31 December 2020

Hasil Recovery Call Centre (HRCC), Cyberjaya
Tel: 03-8751 1000
www.hasil.gov.my

Application form:
Borang Permohonan Penangguhan Bayaran Anggaran Cukai

Completed form can be submitted manually from March 2020 onwards to:

Lembaga Hasil Dalam Negeri Malaysia
Bahagian Pengurusan Rekod dan Maklumat Percukaian
Jabatan Operasi Cukai
Menara Hasil Bangi, Aras 7
No. 3, Jalan 9/10, Seksyen 9
43650 Bandar Baru Bangi
Selangor Darul Ehsan
Tel: 03-8913 3800
Fax: 03-8922 1801

Customer Care Officer:
Encik Norshazreen Shamsuz Zaman
Ext: 120250
Email: norshazreen @hasil.gov.my

21 Exemption of 6% service tax for hotels (March – 30 June 2021)

 

Hotline: 1300 888 500

Info regarding 6% SST exemption:
http://mysst.customs.gov.my/assets/document/Service%20Policy/STP%2009-2020%20amendment%206-3-2020.pdf

SST-02 Form can be downloaded through:
https://mysst.customs.gov.my/SSTForms

22

Double deduction on expenses incurred on approved tourism-related training.

Note: Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

23

Tourism tax exemption for a period of 1 July 2020 till 30 June 2021

 

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

 

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1 

24

Owners of buildings or business spaces that provide rent or reduction to rentals of business premises consisting of SMEs will be subjected to special deduction equivalent to 30% reduction in rental for SMEs to 30 September 2020

Note: Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

25 Personal income tax relief of up to RM1,000 on expenditure related to domestic tourism.

Note: Domestic traveling expenses incurred from 1 March 2020 to to 31 December 2021.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

26 Income tax rebate up to RM20,000 per year for 3 years of assessment for newly established SME between 1 July 2020 to 31 December 2021. 

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

27  Stamp duty exemption for SMEs on any instruments executed for Mergers and Acquisitions (M&As), for period between 1 July 2020 to 30 June 2021.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

28

Tax relief for COVID-19 related expenses such as COVID-19 testing and purchase of PPE and thermal scanners.

 

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

29 RM1 billion AgroFood facility at 3.75% (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my


Application can be made through Participating Financial Institutions (PFIs) nationwide, includes:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888


17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

        Please contact:
        No. Tel: 03-2601 2000
        Email: communications@exim.com.my


Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363

30

RM20 million Perkhidmatan e-Dagang Setempat (PeDAS) programme

Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

PeDAS is available at ten Rural Internet Centres. Contact details as listed below:
https://www.go-ecommerce.my/campaign/perkhidmatan-edagang-setempat

31 RM10 million grant to promote sale of products on e-commerce platforms (RM1,000/business).

Digital Inclusion Division
Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

32 RM70 million Micorentreprises and SMEs e-Commerce Campaign to encourage adoption of e-commerce.  

Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

33  RM100 million for SME Digitalisation Matching Grant. Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my 
34  RM500 million SME Technology Transformation Fund.

Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
No. Tel: 03-2603 7700
Email: customercare@smebank.com.my
www.smebank.com.my/en/sttf

35  RM100 million Smart Automation Grant.

Malaysian Investment Development Authority (MIDA)
No. Tel: 03-2267 3633
Email: investmalaysia@mida.gov.my
www.mida.gov.my

Malaysia Digital Economy Corporation (MDEC)
No. Tel : 1 800 88 8338
Email: clic@mdec.com.my

Further Info:
https://mdec.my/digital-economy-initiatives/for-the-industry/smart-automation-grant/

36  RM100 million in soft loans with interest rate of 3.5% and RM30 million in grants for the creative, events and exhibitions industries.

MyCreative Ventures
No. Tel: 03-7712 7212
Email: enquiry@mycreative.com.my

Further info:
www.mycreative.com.my

Online application:
mycreative.com.my/penjana

Online tele-conference with Investment Officer can be schedule through:
www.mycreative.com.my
37 RM50 million worth of digital marketing obtained from RM10 million Digital Marketing and Promotions Grant with a cap of RM5,000 per event. 

MyCreative Ventures
No. Tel: 03-7712 7212
Email: enquiry@mycreative.com.my

Further info:
www.mycreative.com.my

http://mycreative.com.my/assets/files/news/MyCreative_DMG_FAQS_Dwibahasa.pdf 

38 RM35 million Dana Kandungan Digital  for projects in the creative sector with a focus on animation and visual effects  

Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

39

EPF contribution of employees to reduce by 4% from 11% to 7% effective 1 April to 31 December 2020.

Employer Consultation Services will also be provided which includes options for deferment of payments, restructuring and rescheduling employer contributions.

EPF Contact Management Centre
Tel: 03-8922 6000
Fax:03-8922 6222
https://www.kwsp.gov.my

List of offices/kiosks:
https://www.kwsp.gov.my/reach-us/offices-kiosks

40 Employment Insurance System (EIS) will increase the claimable training cost from RM4,000 to RM6,000 for the affected sectors. A daily training allowance of RM30 per day will also be provided to trainees under EIS.

Further info on EIS:
https://www.perkeso.gov.my/index.php/en/benefits-of-eis/how-to-apply

Online application:
https://eis.perkeso.gov.my/eisportal/insured/apply/instruction

For any further assistance, please call:
Social Security Organisation (PERKESO)
No. Tel: 1 300 22 8000

41

Wage Subsidy Programme to help employers retain employees. 

Note: Extended for a further 3 months (June - September 2020) with subsidy of RM600/employee for all eligible employers.

Further info:
https://www.perkeso.gov.my/index.php/en/wage-subsidy-programme

Application through employer at:
http://prihatin.perkeso.gov.my/

42

1.5 billion under PERKESO for Hiring and Training Assistance for Businesses. Incentives provided to encourage the hiring of the unemployed as follows:

  • Youth: RM600/month for apprenticeships for school leavers and graduates for up to 6 months
  • Unemployed Workers:
    • < 40 years old: RM800/month for employment of unemployed for up to 6 months
    • ≥40 years old: RM1,000/month for employment of unemployed for up to 6 months
    • Training allowance of RM4,000/individual will also be extended to those retrenched but not covered under Employment Insurance System (EIS).

Further Info:
https://www.perkeso.gov.my/index.php/ms/pelan-jana-semula-ekonomi-negara-penjana

 

Talian Khas Bilik Gerakan Program Pengambilan Pekerja (PENJANA PEKERJA)
Hotline: 03-8091 5300
Email: penjanakerja@perkeso.gov.my 

PSMB PENJANA

Further Info:
https://penjanahrdf.com.my

Tel: 1800 88 4800
Email: strategicinitiatives@hrdf.com.my

 

43 RM2 billion Co-Investment Fund in early-stage and growth-stage Malaysian companies

Note: From 3 April to 30 September 2020, MyCIF will invest in ECF and P2P campaigns based on a 1:2 ratio, in which MyCIF will invest RM1 for every RM2 successfully raised from private investors on the MyCIF participants' platforms. In line with the temporary increase in ratio, MyCIF's maximum investment in each ECF and P2P campaign is limited to RM1 million.

For general enquiry, please contact:
Corporate Affairs Department
Securities Commission Malaysia
No. Tel: 03-6204 8777
Fax: 03-6201 5078
Email: cau@seccom.com.my

For enquiry related to investment, please contact:
Consumer & Investor Office
No. Tel: 03-6204 8999
Fax: 03-6204 8991
Email: mycif@seccom.com.my

44 RM300 million SME Automation & Digitalisation Facility at 3.75% (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my


Application can be made through Participating Financial Institutions (PFIs) nationwide, includes:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888


17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

        Please contact:
        No. Tel: 03-2601 2000
        Email: communications@exim.com.my


Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363

45 Listing fees waive for one (1) year for LEAP or ACE

Bursa Malaysia 2U
Tel: 03-2732 0067
Fax: 03-2026 4122

For any inquiries, please contact:
Encik Harrison Lay Hock Guan / Puan Hanita Othman
Tel: 03-20347159 / 03-20347282
Email: harrisonlay@bursamalaysia.com / hanita@bursamalaysia.com

46

Accelerated capital allowances (two year period) on expenses incurred on machinery & equipment including ICT.

Note: Effective for capital expenditure incurred from 1 March 2020 to 31 December 2021

Malaysian Investment Development Authority (MIDA)
MIDA Sentral, KL Sentral
www.mida.gov.my
No. Tel: 03-2267 3633
Fax: 03-2274 7970
Email: investmalaysia@mida.gov.my

For application, please call or MIDA Region Office nationwide:
https://www.mida.gov.my/home/mida-state-offices/posts/

47

Tax deduction up to RM300,000 on renovation and refurbishment cost.

Note: Only for expenditure incurred from 1 March 2020 to 31 December 2021. The deduction will not be given if the expenditure is claimed as an allowance under Schedule 2 or Schedule 3 of the Income Tax Act 1967.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

48 Import duty and sales tax exemption on importation or local purchase of machinery & equipment used in port operations for three (3) years commencing 1 April 2020

Applications for exemption have to be submitted to the Ministry of Finance from 1 April 2020 to 31 March 2023.

Ministry of Finance, Putrajaya
No Tel: 03-8000 8000
Fax: 03-8882 3893 / 03-8882 3894
Email: pro@treasury.gov.my

Note: The information may vary/change from time to time based on updates by the relevant authority/source

Additional Measures for the Stimulus Package

  1. Increase the guarantee rate from 70% to 80% for SMEs under Syarikat Jaminan Pembiayaan Perniagaan (SJPP);
  2. Guarantee scheme up to 80% of the loan amount for the minimum loan size of RM20 million for the purpose of financing working capital requirements from 1 May to 31 December 2020 under Danajamin Nasional Berhad;
  3. Increase the size of the funds by RM1 billion to RM6.8 billion under the All Economic Sectors Facility to enhance financing access to SMEs;
  4. RM5 billion bids quota of 1,400MW for solar power generation;
  5. RM3 billion on works related to the National Fiberisation and Connectivity Plan (NFCP);
  6. RM13 billion investment in 2020 by GLCs i.e. accelerating projects such as LED street lights, transmission lines and rooftop solar installations;
  7. RM2 billion immediate implementation of small infrastructure repair & upgrading projects nationwide especially in rural areas;
  8. RM2 billion for the implementation of small projects such as improving roads, upgrading schools in Sabah and Sarawak, cleaning houses of worship and police stations and improving tourism facilities that will benefitted G1-G4 Contractor;
  9. RM1.2 billion Dana Penjana Nasional, an investment fund to support digitalisation;
  10. Moratorium, restructuring and rescheduling loans by banks for affected businesses;
  11. An automatic moratorium of 30 days from the MCO's last date for the company to submit statutory documents to Companies Commission of Malaysia (CCM). The filing period of the company's financial statements is also extended to 3 months from the date of the MCO. This flexibility is given to companies with financial years ending 30 September to 31 December 2019. Late submission fee will not be charged;
  12. RM800 million for Flexible Work Arrangement (FWAs) including further tax deduction for employers which implement FWA or undertake enhancement of their existing FWA (effective 1 July 2020);
  13. 50% remission of penalty for late payment of sales tax & services tax due (payable from 1 July till 30 September 2020);
  14. Six-month rental exemption for all Federal Government-owned premises which includes all premises owned by agencies and statutory bodies of the Federal Government;
  15. Exemption of rental or discount for SME retail traders on premises owned by Government-linked companies.
  16. Discount & reduce rentals for premises in tourism industry;
  17. Digital vouchers for domestic tourism of up to RM100/pax for domestic flights, rails and hotel accommodations;
  18. Rebates on rental for premises at the airport by Malaysia Airports Holdings Berhad (MAHB);
  19. Relaxation of existing guidelines limiting use of hotels by Government agencies;
  20. Discount on monthly electricity bills:
    • 15% discount for hotels, travel agencies, airlines, shopping malls, conventions and exhibitions centres (Announcement on 27 Feb 2020)
    • 2% discount for commercial, industrial & agricultural customer beginning 1 April – 30 September 2020 (Announcement on 16 March 2020)
    • Gradual discount of 15% to 50% on electricity usage with a maximum limit of 600 kilowatts per month (Announcement on 27 March 2020)
  1. RM70 million for “Shop Malaysia Online” for online consumption to encourage online consumer consumption through e-commerce vouchers;
  2. RM5 million for MyAssist MSME One Stop to provide guidance and facilitate recovery process for Microenterprises and SMEs vis online to enhance the outreach of the existing physical SME Hub;
  3. Free internet to all customers from 1 April 2020 until the time of implementation Movement Control Order expires;(Prihatin 1)
  4. RM100 million for the preparation of infrastructure facilities for food storage and distribution as well as crop integration programmes;(Prihatin 1)
  5. RM 64.4 million for Area Farmers and Fishermen’s Organisations for the development of short-term agro food projects that can produce results within three to six months.(Prihatin 1)
  6. RM10 million to provide food storage facilities to help reduce food prices (FAMA);
  7. Financial assistance of RM600/worker every month beginning 1 March 2020 up to maximum six (6) months to employees on unpaid leave; and
  8. Sukuk PRIHATIN to be issued in 3Q 2020 with proceeds to be utilised for specific development programmes such as connectivity of schools (especially in rural areas), funding for micro enterprises (focused on women entrepreneurs) and research grants for infectious diseases;
  9. Accelerated payment terms for GLC and large corporates’ supply chain by Axiata and TM (from 45 days to 14 days), TNB (7 days payment process) and PETRONAS (Vendor Financing Programme in collaboration with nine banks to facilitate vendor verification and reduce approval time);
  10. Negotiations between employers and workers on terms of employment, including options for deduction of pay and unpaid leave during the MCO period. Both parties may seek advice from Department of Labour.
       Updated: 12 Jun 2020
       Source: Government announcement on 27 February 2020, 16 March 2020, 27 March 2020, 6 April 2020 and 5 June 2020

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