To stimulate the Malaysian economy, the government has rolled out a number of major economic provisions and fiscal policies. To support several key sectors, particularly the tourism industry, multiple loan financing mechanisms have been put in place, including the restricting and rescheduling of lending agreements.
The initial Malaysian stimulus package also saw direct payments to individuals and businesses, as well as, expanded skills development program delivered through matching job training grants. Additionally, special allowances for civil servants directly involved with COVID-19 and discounts on electricity bills.
More details on the Economic Stimulus Package 2020 is available on the Ministry of Finance Malaysia website.