THE EDGE

Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (PEMULIH): Supporting the Economy in Lockdown Distress

• Following an extension of the Phase 1 lockdown of the National Recovery Plan until the daily COVID-19 cases dropped to below 4,000 for seven consecutive days, the Government has rolled out RM150 billion or 9.9% GDP Pakej Perlindungan Rakyat dan Pemulihan Ekonomi (PEMULIH) to ease the financial burden of households and individuals as well as to support businesses tying over during the lockdown and in subsequent phases of transition to reopening of the economy.

• PEMULIH marks the second-largest stimulus package year-to-date since the RM250 billion PRIHATIN package was announced in March 2020 when the country was placed under the Movement Control Order (MCO) 1.0.

• The RM150 billion PEMULIH entails RM10.0 billion (0.7% of GDP) direct fiscal injection, bringing total fiscal injection year-to-date to RM87.6 billion or 6.0% GDP in 2020-June 2021.

• PEMULIH focuses on three objectives: (i) Continuing the 'Prihatin Rakyat‘ Agenda; (ii) Supporting Businesses Continuity; and (iii) Accelerating the Vaccination Rate of the Nation.

ASEAN-BAC Malaysia Webinar 2021: RCEP and CPTPP as Game-Changers in ASEAN's Post COVID-19 Economic Recovery

The Webinar discusses pertinent issues with industry leaders to examine the risks and opportunities associated with the two most comprehensive and trade deals in recent years, while encouraging the government to expedite the early ratification for the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for Malaysia.

ASEAN-BAC Malaysia Webinar 2021 [RCEP Panel Discussion]

The Panel Speakers are:

1) Mr. Lee Heng Guie, the Executive Director of Socio Economic Research Centre Malaysia of The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM)
2) YBhg. Datuk K. Surendran Kutty Krishnan, the Honorary Secretary of Malaysia-India Business Council (MIBC)
3) YBhg. Datuk Seri Mohamed Iqbal, Vice-President of Malaysia-Japan Economic Association (MAJECA)

Mr. Raja Singham, Council Member of ASEAN-BAC Malaysia, and Managing Director of BAC Education group, moderated the RCEP Panel Discussion at the ASEAN-BAC Malaysia Webinar: RCEP and CPTPP as Game-Changers in ASEAN’s Post COVID-19 Economic Recovery that was held on 22nd June 2021.

Related news:

1. RCEP forecast to boost Malaysia's GDP by 0.8-1.7 percentage point
   Bernama


2. Kerajaan digesa ratifikasi segera RCEP, CPTPP
   Berita Harian


3. Malaysia's GDP can grow by another 0.8pct -1.7pct with RCEP: SERC
   New Straits Times

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