Policies for addressing the impact of the COVID-19 pandemic in Malaysia
| No | Policy | Date of announcement | Focus/objective | Cost |
|---|---|---|---|---|
| 1 | PRIHATIN economic Stimulus Package (ESP) | 27 March 2020 | To protect the rakyat (people), support business and strengthen the economy | RM 250bn |
| 2 | Short-term economic recovery plan (PENJANA) | 5 June 2020 | To support the economy to operate in the new Normal via three thrusts: Empower the people, propel businesses and stimulate the economy | RM 35bn |
| 3 | PERMAI ASSISTANCE PACKAGE (Perlindungan Ekonomi Dan Rakyat Malaysia (PERMAI) assistance Package) | 18 January 2021 | To combat the COVID-19 outbreak, safeguard people’s and support business continuity | RM 15bn |
| 4 | National COVID-19 Immunization program (COVID-19 IMMUNIZATION) | 24 February 2021 | To achieve herd immunity with at least 80% of the population in Malaysia fully vaccinated against COVID-19 | Initial (RM3n) |
| 5 | People and economic Strategic Empowerment program (PEMERKASA) | 17 March 2021 | To drive economic recovery, support businesses and provide targeted assistance to the rakyat and sectors affected by the pandemic | RM20bn |
| No | Policy | Date of announcement | Focus/objective | Cost |
|---|---|---|---|---|
| 1 | PRIHATIN economic Stimulus Package (ESP) | 27 March 2020 | To protect the | RM 250bn |
| 2 | Short-term economic recovery plan (PENJANA) | 5 June 2020 | To support the economy to operate in the new Normal via three thrusts: Empower the people, propel businesses and stimulate the economy | RM 35bn |
| 3 | PERMAI ASSISTANCE PACKAGE (Perlindungan Ekonomi Dan Rakyat Malaysia (PERMAI) assistance Package) | 18 January 2021 | To combat the COVID-19 outbreak, safeguard people’s and support business continuity | RM 15bn |
| 4 | National COVID-19 Immunization program (COVID-19 IMMUNIZATION) | 24 February 2021 | To achieve herd immunity with at least 80% of the population in Malaysia fully vaccinated against COVID-19 | Initial (RM3n) |
| 5 | People and economic Strategic Empowerment program (PEMERKASA) | 17 March 2021 | To drive economic recovery, support businesses and provide targeted assistance to the | RM20bn |
Source(s): Author’s work
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