A helpful guide compiling Coronavirus relief and stimulus measures affecting Malaysians’ personal finances.

Updated: Jun 6, 2020

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We are a nation at war with invisible forces. The situation we are now facing is unprecedented in history. And, this government may not be the government that you voted for. But I want all of you to know that this government cares for you. I resigned to the fact that I came in as your Prime Minister not at the best moment. I face political, economic and health crisis all at the same time.

This unprecedented situation of course requires unprecedented measures. So, my dear brothers and sisters, and the children of this beloved country, whether you are a Malay, Chinese, Indian, Sikh, Iban, Kadazan, Dusun, orang asal, please bear with me and my friends in the cabinet and the government. We are not perfect, but we are doing the best we can to pull through this crisis together, as one nation. God willing, we will come out stronger when this crisis ends and the dust settles. InsyaAllah.

~Muhyiddin Yassin, Malaysia’s Prime Minister

Conditional MCO

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Individuals & Families

  • EPF i-Lestari EPF Account 2 RM500 x 12 months from April 2020 – March 2021 (ilestari.kwsp.gov.my)
  • Internet: Free internet from April 1, 2020 until end of MCO


  • PRS: RM1,500 withdrawal from PRS Sub Account B with no penalty from April 1 – December 31, 2020.
  • TNB: electricity bill discount for usage up to 600kWh/month.

    • Below 200 kWh: 50% discount
    • 201 kWh-300 kWH: 25% discount
    • 301 kWH- 600 kWH: 15% discount

Businesses

  • Credit and Relief Facilities
    • Special Relief Facility for SMEs: RM3b at rate of 3.5% (previously 3.75%).
    • Micro Credit Scheme RM700m allocation: up to RM75,000 at 2% rate without guarantor.
    • CGC BizMula-i and BizWanita-i loan for SMEs operating below 4 years: up to RM300,000
    • SJPP increase of loan guarantee rate to 80% (previously 70%) for SMEs facing difficulty getting loans.
  • EPF employer consultative services to defer, restructure and reschedule employer EPF contribution.
  • HRDF contribution levy 6 months suspension from April 1, 2020.
  • LHDN SMEs tax payment deferment for 3 months starting from April 1, 2020
  • TNB electricity bill discount for Residential, Commercial, and affected Sectors (tnb.com.my)

    • Businesses in 6 affected sectors: 15% discount
    • Commercial (Other than the 6 sectors: additional 2% discount
  • Wage subsidy program for employees earning below RM4,000. No pay cut or unpaid leave allowed and have to retain employees for minimum period of 6 months. Update: April 6, 2020: Subsidy given to employers will be increased from RM5.9 billion to RM13.8 billion

    • Companies > 200 people: RM600 per employee up to 200 employees (previously 100).
    • Companies 76 to 200 people: RM800 per employee.
    • Companies < 76 employees: RM1,200 per employee.
  • Gerak Khas Prihatin (GKP) RM2.1 billion worth of grant will be given to SMEs registered with LHDN for an amount of RM3,000. (gkp.hasil.gov.my)
  • Rent exemption or discount is given to companies using any government premise.
  • Private landlords that reduce rents by at least 30% for SME tenants will be given a tax cut based on the amount reduced from April to June.
  • Levy reduction of foreign workers (except house helpers) by 25% for those permits expiring in 2020.
  • Submission of documents to “Suruhanjaya Syarikat Malaysia” (SSM) will be delayed by 30 days for SMEs.
  • SMEs with financial year ending September to December 2019 will be given a 3-month delay in submitting income statements with no late fee charges with application to SSM for extension.

Income Aid/Loss of Income

  • Bantuan Prihatin Nasional (BPN) one-off payment:

    • Household income RM4,000 below: RM1,600 (April RM1,000 + May RM600)
    • Household income RM4,001 – RM8,000: RM1,000 (April RM500 + May RM500)
    • Single individuals age 21 above with monthly salary RM2,000 below: RM800 (April RM500 + May RM300)
    • Single individuals age 21 above with monthly salary RM2,001 – RM4,000 : RM500 (April RM250 + May RM250)
  • Students in institutes of higher education: RM200 (May)
  • e-Hailing drivers: RM500 one-off payment (April).
  • Taxi drivers: RM600 one-off payment (April).
  • Front liners: special allowance to front liner medical industry personnel (Doctors, nurses) increase from RM400 to RM600 monthly from 1/April until end of Covid-19. RM200/monthly to police, army, customs, RELA to all those involved in the direct efforts of the MCO from 1/April until end of Covid-19.
  • Government servants grade 56 and below: RM500 one-off payment (April); Retirees: RM250 one-off payment (April).
  • MySalam for B40: RM50 for loss of income up to 14 days due to admission/quarantine from Covid-19
  • NADMA (National Disaster Management Agency) RM100 daily special aid (Bantuan Khas Covid-19) (nadma.gov.my)

    • Qualification: Employed Malaysian citizen undergoing quarantine or treatment for Covid-19
  • Perkeso Employment Retention Program (ERP) for employees with EIS affected by Covid-19 (perkeso.gov.my)

    (Click to enlarge)

    • Affected: Employee on unpaid leave by employers economically affected by Covid-19
    • Eligibility: Employment Insurance Scheme (ERS) contributors with monthly salary RM4k below
    • Assistance: 1 to 6 months

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