Malaysia Launches MYR 750 Million ePENJANA Credit Program to Boost Consumer Spending

Malaysia’s Ministry of Finance has launched the MYR 750 million worth ePENJANA credit program under the Penjana economic recovery program, with the aim of enhancing customer spending in the country.

The program allows Malaysians of 18 years and above with an annual income below MYR 100,000 to apply with each eligible applicant expected to receive MYR 50 ePENJANA credits under this program, according to Malaysia’s Minister of Finance, Tengku Datuk Seri Zafrul Abdul Aziz. Eligible applicants will also receive additional matching incentives worth MYR 50 in the form of cash back, vouchers and/or points throughout the duration of the campaign, according to the Minister.

The ePENJANA program has been launched in partnership with the MySejahtera COVID-19 contact...