Malaysia Completes 91% of Prihatin Rakyat Economic Stimulus Package Implementation Objectives: Finance Minister

With a total payment of MYR 14.3 billion, Malaysia’s Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, stated that as of the 20th of July 2020, the Prihatin Rakyat Economic Stimulus Package (Prihatin) had achieved 91% of its implementation objectives.

According to Tengku Zafrul, this milestone was achieved through one-off cash grants to students of higher learning institutions, e-hailing and taxi drivers, as well as government retirees, for example.

The Finance Minister stated that initiatives requiring implementation over a period of three to six months, worth MYR 68 billion, such as electricity bill discounts, wage subsidies (original), and moratoriums, were 54% complete...