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On 5 June 2020, our honorable Prime Minister, Tan Sri Muhyiddin Yassin, has launched the National Economic Recovery Plan (“NERP”) worth RM35 billion. Bearing the theme of “Building the Economy Together”, the NERP aims to aid Malaysia’s economic recovery through empowering the people, propelling businesses and stimulating the economy.
Various measures are proposed under the NERP. These include incentives which are focused on keeping people employed and promoting employment, incentivising technology adoption and digitalisation, assisting Micro Enterprises and Small and Medium Enterprises, reviving targeted sectors of the economy, attracting foreign investments as well as assisting businesses faced with cash flow issues to sustain their business operations and gradually enhance productivity amidst the COVID-19 pandemic.
We are pleased to provide the highlights of the proposed key measures that are outlined in the booklet published by the Ministry of Finance and announced in the Speech by the Prime Minister for your attention.
KPMG’s NERP Highlights and the relevant reading materials can be accessed via the above links.
The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
Contact KPMG
For more information on our core service offerings, please contact:
Petaling Jaya Office
Tai Lai Kok |
Long Yen Ping |
Bob Kee |
Ng Sue Lynn |
Soh Lian Seng |
Nicholas Crist |
Dato’ Leanne Koh |
Neoh Beng Guan |
Ong Guan Heng |
Chang Mei Seen |
Ivan Goh
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Evelyn Lee |
Regina Lau |
Titus Tseu |
Ng Fie Lih |
Crystal Chuah Yoke Chin |
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