COVID-19: Selangor to spend RM413.9m

KUALA LUMPUR 13 July - Selangor allocates RM413.9 million for the state to tackle the impact of COVID-19 through Prihatin Economic Stimulus Package.

Selangor Menteri Besar,  Datuk Seri Amirudin Shari said, the package comprises two stimulus phases which offer 42 initiatives that will benefit 54% of the state population. 

It is intended to reduce their economic burdens due to COVID-19.

Among the assistance channeled are food incentives and aid to health workers at hospitals throughout Selangor, Selangor-born children studying around the Klang Valley, Sabah and Sarawak, including students stranded in Egypt.

“We also provide rental exemptions to hawkers and small traders, a three-month deferral of loan repayment for Hijrah borrowers (Selangor Hijrah micro-credit scheme) as well as Smart Rental Scheme tenants as well as various other assistance,” he said.

The government introduced Prihatin on 20 March 2020 that worth RM127.8 million.

Following the second phase of the package on 1 April 2020 amounting to RM272.5 million.

Prihatin was introduced to tackle the impact of COVID-19 hitting the enterprises and businesses.  

COVID-19 pandemic has caused the forced closure of companies and businesses due to the enforcement of Movement Control Order (MCO).

The pandemic outbreak has also affected the global economy with European and United States markets are heavily overblown. - DagangNews.com