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Relief Measures for SMEs Adversely Affected by COVID-19

Relief Measures for SMEs Affected by COVID-19

The Government has proactively introduced an Economic Stimulus Package to cushion the impact of COVID-19 and reinvigorate the economic growth. Measures to help the Small and Medium Enterprises (SMEs) to sustain their business operations are as follows: 



 No   Measures   Info/ Contact Details
 1.

RM5 billion Special Relief Facility at an interest rate of 3.5% to SMEs (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
www.bnm.gov.my
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my

Application can be made online through: https://imsme.com.my/
imSME is Malaysia’s online SME financing/loan referral platform  managed by Credit Guarantee Corporation Malaysia Berhad (CGC), and is supported by Bank Negara Malaysia as well as participating banks

Pusat Khidmat Pelanggan CGC
Tel: 03-7880 0088
Fax: 03-7803 0077
E-mel: csc@cgc.com.my
www.cgc.com.my

Participating Financial Institutions (PFIs) nationwide:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888

17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

         Please contact:
         No. Tel: 03-2601 2000
         Email: communications@exim.com.my

Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363

2 Financing up to RM300,000 for SMEs in operation for less than four(4) years under BizMula-I and BizWanita-i Scheme

Further info:
https://imsme.com.my/portal/bizjamin-special-relief-facility/

Application can be made online through: https://imsme.com.my/

Pusat Khidmat Pelanggan CGC
No. Tel: 03-7880 0088
Fax: 03-7803 0077
Email: csc@cgc.com.my

3 Social Finance Program for B40 entrepreneurs. Social financial donations will be channelled in the form of initial capital for micro entrepreneurs using zakat funds and matched with micro financing at an affordable rate.

For further info, please contact:

Bank Islam Malaysia Berhad
https://www.facebook.com/BankIslamFB
https://www.instagram.com/bankislam/
No. Tel: 03-2088 8000 / 03-2690 0900
Email: contactcenter@bankislam.com.my

Majlis Agama Islam Wilayah Persekutuan (MAIWP)
https://www.maiwp.gov.my
No. Tel: 03-4047 9444
Fax : 03-4044 9444
Email: promaiwp@maiwp.gov.my

4 Special Grant PRIHATIN valued at RM3,000 for each qualified microenterprise companies.

Online application (1 May 2020 to 15 May 2020):
https://gkp.hasil.gov.my

Frequently Asked Questions (FAQ):
http://lampiran1.hasil.gov.my/pdf/pdfam/FAQ_GKP_1.pdf

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

5 Approval process for existing loan in Tourism Infrastructure Fund worth RM1.5 billion will be expedited

Tabung Infrastruktur Pelancongan
Kementerian Pelancongan, Kesenian dan Kebudayaan Malaysia
(MOTAC), Putrajaya
Tel: 03-8891 7480 /7492 /7469
Email: danapelancongan@motac.gov.my

Guidelines:
http://insentif.motac.gov.my/

Application form:
http://www.motac.gov.my/program/tabung-insentif/tabung-infrastruktur-pelancongan

 

For advisory, terms & condition of the financing, please contact:
Bank Pembangunan Malaysia Berhad (BPMB)
Menara Bank Pembangunan
Bandar Wawasan, No 1016, Jalan Sultan Ismail
50250 Kuala Lumpur
Tel: 03-2611 3888

6 RM500 million matching grant to promote tourism

For application, please contact:

Unit Perancangan Strategik
Bahagian Pengurusan Maklumat
Kementerian Pelancongan, Kesenian dan Kebudayaan Malaysia (MOTAC), Putrajaya
No Tel: 03-8000 8000
Fax: 03-8891 7545

7

RM700 million microcredit scheme at 0% interest without collateral to affected businesses with at least six (6) months in operation.

 
Notes:

RM500 million under Bank Simpanan Nasional (BSN) and RM200 million under TEKUN Nasional

Bank Simpanan Nasional (BSN)

Fund details:
www.mybsn.com.my

Call or visit any Bank Simpanan Nasional (BSN) Business Financing Centres nationwide for application:
www.mybsn.com.my

TEKUN Nasional
Application form:
https://www.tekun.gov.my/ms/inisiatif-tekun-covid19/borang/

For any inquiry, please call:
Encik Mohd Yusri Mohd Yusob (012-551 6275); or
Encik Mohd Yusliezal Mohd Yusof (019-609 6251)

8 RM100 million training matching grant for tourism & other affected sectors For any inquiry, please email:
Email: support@hrdf.com.my / strategicinitiatives@hrdf.com.my
No. Tel: 1800 88 4800
9 RM50 million for short courses in digital skills and highly skilled courses

To be updated

10 Human Resource Development Fund (HRDF) levy exemption for all sectors for a period of six (6) months beginning April 2020.

Online application:
https://apps.hrdf.com.my:8443/INDCERT_EMP/

For any inquiry, please call or visit any HRDF Region Office nationwide:
https://www.hrdf.com.my/contacts-us/

No. Tel: 1800 88 4800
Fax: 03-2096 4999
Email: support@hrdf.com.my

11 25% reduction in foreign workers' levy payments to all companies whose work permit expires from 1 April to 31 December 2020 but does not apply to domestic help sector.

For any inquiry, please call or visit any of the Immigration Department office nationwide:
https://www.imi.gov.my/index.php/en/contact-us/address-and-locations.html

12 Deferment of monthly income tax instalment payments to all SMEs for a three (3) month period beginning 1 April 2020

Hasil Recovery Call Centre (HRCC), Cyberjaya
Tel: 03-8751 1000
www.hasil.gov.my

Application form:
Borang Permohonan Penangguhan Bayaran Anggaran Cukai

Completed form can be submitted manually from March 2020 onwards to:

Lembaga Hasil Dalam Negeri Malaysia
Bahagian Pengurusan Rekod dan Maklumat Percukaian
Jabatan Operasi Cukai
Menara Hasil Bangi, Aras 7
No. 3, Jalan 9/10, Seksyen 9
43650 Bandar Baru Bangi
Selangor Darul Ehsan
Tel: 03-8913 3800
Fax: 03-8922 1801

Customer Care Officer:
Encik Norshazreen Shamsuz Zaman
Ext: 120250
Email: norshazreen @hasil.gov.my

13 Exemption of 6% service tax for hotels (March – August 2020)

Hotline: 1300 888 500

Info regarding 6% SST exemption:
http://mysst.customs.gov.my/assets/document/Service%20Policy/STP%2009-2020%20amendment%206-3-2020.pdf

SST-02 Form can be downloaded through:
https://mysst.customs.gov.my/SSTForms

14

Double deduction on expenses incurred on approved tourism-related training.

Note: Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

15

Owners of buildings or business spaces that provide rent or reduction to rentals of business premises consisting of SMEs during and three (3) months after MCO will be subjected to additional tax deduction equal to the amount of the rent reduction for April to June 2020. This additional tax deduction is subject to the terms of the reduction of rent, which must be at least 30% of the original rent.

Note: Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

16 Personal income tax relief of up to RM1,000 on expenditure related to domestic tourism. Note: Domestic traveling expenses incurred from 1 March 2020 to 31 August 2020. Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

17 RM1 billion AgroFood facility at 3.75% (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my


Application can be made through Participating Financial Institutions (PFIs) nationwide, includes:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888


17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

        Please contact:
        No. Tel: 03-2601 2000
        Email: communications@exim.com.my


Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363


    
18

RM20 million Perkhidmatan e-Dagang Setempat (PeDAS) programme

Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

PeDAS is available at ten Rural Internet Centres. Contact details as listed below:
https://www.go-ecommerce.my/campaign/perkhidmatan-edagang-setempat

19 RM10 million grant to promote sale of products on e-commerce platforms (RM1,000/business).

Digital Inclusion Division
Malaysia Digital Economy Corporation (MDEC)
Tel: 1 800 88 8338
Email: clic@mdec.com.my

20

EPF contribution of employees to reduce by 4% from 11% to 7% effective 1 April to 31 December 2020.

Employer Consultation Services will also be provided which includes options for deferment of payments, restructuring and rescheduling employer contributions.

EPF Contact Management Centre
Tel: 03-8922 6000
Fax:03-8922 6222
https://www.kwsp.gov.my

List of offices/kiosks:
https://www.kwsp.gov.my/reach-us/offices-kiosks

21 Employment Insurance System (EIS) will increase the claimable training cost from RM4,000 to RM6,000 for the affected sectors. A daily training allowance of RM30 per day will also be provided to trainees under EIS.

Further info on EIS:
https://www.perkeso.gov.my/index.php/en/benefits-of-eis/how-to-apply

Online application:
https://eis.perkeso.gov.my/eisportal/insured/apply/instruction

For any further assistance, please call:
Social Security Organisation (PERKESO)
No. Tel: 1 300 22 8000

22

Wage Subsidy Programme to help employers retain employees. 

Businesses with local employees earning a monthly salary each of RM4,000 and below will eligible for the wage subsidies.

Further info:
https://www.perkeso.gov.my/index.php/en/wage-subsidy-programme

Application through employer at:
http://prihatin.perkeso.gov.my/

23 RM2 billion Co-Investment Fund in early-stage and growth-stage Malaysian companies

Note: From 3 April to 30 September 2020, MyCIF will invest in ECF and P2P campaigns based on a 1:2 ratio, in which MyCIF will invest RM1 for every RM2 successfully raised from private investors on the MyCIF participants' platforms. In line with the temporary increase in ratio, MyCIF's maximum investment in each ECF and P2P campaign is limited to RM1 million.

For general enquiry, please contact:
Corporate Affairs Department
Securities Commission Malaysia
No. Tel: 03-6204 8777
Fax: 03-6201 5078
Email: cau@seccom.com.my

For enquiry related to investment, please contact:
Consumer & Investor Office
No. Tel: 03-6204 8999
Fax: 03-6204 8991
Email: mycif@seccom.com.my

24 RM300 million SME Automation & Digitalisation Facility at 3.75% (BNM)

BNM Laman Informasi Nasihat dan Khidmat (BNMLINK)
Tel: 1300 88 5465
Fax: 03-2147 1515
Email: bnmtelelink@bnm.gov.my
www.bnm.gov.my


Application can be made through Participating Financial Institutions (PFIs) nationwide, includes:

Development Financial Institutions (DFIs)

1. Bank Perusahaan Kecil & Sederhana Malaysia Berhad (SME Bank)
     No Tel: 03-2603 7700
     Email: customercare@smebank.com.my
     www.smebank.com.my

2. Bank Pertanian Malaysia Berhad (Agrobank)
     No Tel: 1 300 88 2476
     www.agrobank.com.my

3. Bank Simpanan Nasional
     Contact Centre: 1 300 88 1900
     www.mybsn.com.my

     Manager:
     Encik Safirol Hisham Said
     No. Tel: 03-2162 3222 ext 15481
     Email:  safirol@bsn.com.my

4. Bank Kerjasama Rakyat Malaysia Berhad
     No Tel: 1300-80-5454
     www.bankrakyat.com.my

Commercial Banks

5. Affin Bank Berhad
     www.affinbank.com.my
     Please contact:
     Corporate & Commercial Business
     No. Tel: 03-2055 9000
     Fax: 03-2032 1043

6. Alliance Bank Malaysia Berhad
     No. Tel: 03-5516 9988
     www.alliancebank.com.my

7. AmBank (M) Berhad
     www.ambank.com.my
     Please contact:
     Asset Financing and Small Business
     No. Tel: 03-2167 3000
     Fax: 03-2780 0020

8. Standard Chartered Bank Malaysia Berhad
     www.sc.com.my
     Please contact:
     Business Banking Department
     No. Tel: 1300 888 111

9. CIMB Bank Berhad
     No Tel: 1300 888 828
     www.cimbbank.com.my

     Please contact:
     SME Channel Department
     No. Tel: 03-2619 1188
     Fax: 03-2619 3168

10. Hong Leong Bank Berhad
        www.hlb.com.my

        Please contact:
        Group SME Banking
        No. Tel: 03-7661 7777
        Fax: 03-2081 8935

11. Malayan Banking Berhad
        No Tel: 1 300 88 6688
        www.maybank2u.com.my

        Please contact:
        SME Department
        No. Tel: 03-2070 8833
        Fax: 03-2032 4031

12. OCBC Bank (Malaysia) Berhad
        No Tel: 1300 88 7000
        www.ocbc.com.my

        Please contact:
        Business Banking Commercial Service Centre
        No. Tel: 03-9317 5200
        Fax: 03- 8318 5699

13. Public Bank Berhad
        No Tel: 03-2179 9999
        www.pbebank.com

        Please contact:
        Bahagian Perbankan Runcit, Bahagian Operasi Kredit
        No. Tel: 03-2176 6000
        Fax: 03-2163 9909

14. RHB Bank Berhad
        www.rhbgroup.com

        Please contact:
        Bahagian Perbankan Komersil
        No. Tel: 03-9287 8888
        Fax: 03-9200 3257

15. United Overseas Bank (Malaysia) Bhd
        www.uob.com.my

        Please contact:
        Bahagian Pinjaman Komersil
        No. Tel: 03-2772 6633 / 6691
        Fax: 03-2691 8418 / 2160

16. HSBC Malaysia

        Please contact:
        HSBC Fusion Hotline: 1 300 801 998
        No. Tel: 03-8321 8888


17. Export-Import Bank of Malaysia Berhad (EXIM Bank)

        Please contact:
        No. Tel: 03-2601 2000
        Email: communications@exim.com.my


Islamic Banks

18. Affin Islamic Bank Berhad
        www.affinislamic.com.my

        Please contact:
        SME Department
        No. Tel: 03-2055 9231 / 9256
        Fax: 03-2026 3969

19. AmBank Islamic Berhad
        www.ambankgroup.com

        Please contact:
        Asset Financing and Small Business
        No. Tel: 03-2167 3000
        Fax: 03-2780 0020

20. CIMB Islamic Bank Berhad
        www.cimbislamic.com.my

        Please contact:
        SME Channel Department
        No. Tel: 03-2619 1188
        Fax: 03-2619 3168

21. Bank Islam Malaysia Berhad
        www.bankislam.com.my

        Please contact:
        Commercial Banking Group
        No. Tel: 03-2726 7888
        Fax: 03-2726 7818

22. Bank Muamalat Malaysia Berhad
       www.muamalat.com.my

       Please contact:
       Head SME Banking Department
       No. Tel: 03-2059 1211/ 2615 7089/ 2698 8787
       Fax: 03-2070 7284/ 2692 6040

23. Maybank Islamic Berhad
        www.maybank.com/islamic
        No. Tel: 03-2070 8833
        Fax: 03-2026 1726

24. Standard Chartered Saadiq Berhad
        www.sc.com.my

        Please contact:
        Business Banking Department
        No. Tel: 1300 888 111

25. Public Islamic Bank Berhad
        www.publicislamicbank.com.my
        No. Tel: 03-2176 6000 / 6666
        Fax: 03- 2162 2224


26. OCBC Al-Amin Bank Berhad
        www.ocbc.com.my/ocbc_alamin
        No. Tel: 03-2034 5034
        Fax: 03-2698 4363

25 Listing fees waive for one (1) year for LEAP or ACE

Bursa Malaysia 2U
Tel: 03-2732 0067
Fax: 03-2026 4122

For any inquiries, please contact:
Encik Harrison Lay Hock Guan / Puan Hanita Othman
Tel: 03-20347159 / 03-20347282
Email: harrisonlay@bursamalaysia.com / hanita@bursamalaysia.com

26

Accelerated capital allowances (two year period) on expenses incurred on machinery & equipment including ICT.

Note: Annual allowance is increased to 40%. Effective for capital expenditure incurred from 1 March 2020 to 31 December 2020

Malaysian Investment Development Authority (MIDA)
MIDA Sentral, KL Sentral
www.mida.gov.my
No. Tel: 03-2267 3633
Fax: 03-2274 7970
Email: investmalaysia@mida.gov.my

For application, please call or MIDA Region Office nationwide:
https://www.mida.gov.my/home/mida-state-offices/posts/

27

Tax deduction up to RM300,000 on renovation and refurbishment cost.

Note: Only for expenditure incurred from 1 March 2020 to 31 December 2020. The deduction will not be given if the expenditure is claimed as an allowance under Schedule 2 or Schedule 3 of the Income Tax Act 1967. Effective for year of assessment 2020.

For inquiries:
Hasil Care Line (HCL)
Lembaga Hasil Dalam Negeri (LHDN)
No Tel: 03-8911 1000

List of Customer Care Officer:
http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=5&bt_posi=1&bt_unit=3&bt_sequ=1

28 Import duty and sales tax exemption on importation or local purchase of machinery & equipment used in port operations for three (3) years commencing 1 April 2020

Applications for exemption have to be submitted to the Ministry of Finance from 1 April 2020 to 31 March 2023.

Ministry of Finance, Putrajaya
No Tel: 03-8000 8000
Fax: 03-8882 3893 / 03-8882 3894
Email: pro@treasury.gov.my

Note: The information may vary/change from time to time based on updates by the relevant authority/source

Additional Measures for the Stimulus Package

  1. Increase the guarantee rate from 70% to 80% for SMEs under Syarikat Jaminan Pembiayaan Perniagaan (SJPP);
  2. Guarantee scheme up to 80% of the loan amount for the minimum loan size of RM20 million for the purpose of financing working capital requirements from 1 May to 31 December 2020 under Danajamin Nasional Berhad;
  3. Increase the size of the funds by RM1 billion to RM6.8 billion under the All Economic Sectors Facility to enhance financing access to SMEs;
  4. RM5 billion bids quota of 1,400MW for solar power generation;
  5. RM3 billion on works related to the National Fiberisation and Connectivity Plan (NFCP);
  6. RM13 billion investment in 2020 by GLCs i.e. accelerating projects such as LED street lights, transmission lines and rooftop solar installations;
  7. RM2 billion immediate implementation of small infrastructure repair & upgrading projects nationwide especially in rural areas;
  8. RM2 billion for the implementation of small projects such as improving roads, upgrading schools in Sabah and Sarawak, cleaning houses of worship and police stations and improving tourism facilities that will benefitted G1-G4 Contractor;
  9. Moratorium, restructuring and rescheduling loans by banks for affected businesses;
  10. An automatic moratorium of 30 days from the MCO's last date for the company to submit statutory documents to Companies Commission of Malaysia (CCM). The filing period of the company's financial statements is also extended to 3 months from the date of the MCO. This flexibility is given to companies with financial years ending 30 September to 31 December 2019. Late submission fee will not be charged;
  11. Six-month rental exemption for all Federal Government-owned premises which includes all premises owned by agencies and statutory bodies of the Federal Government;
  12. Exemption of rental or discount for SME retail traders on premises owned by Government-linked companies.
  13. Discount & reduce rentals for premises in tourism industry;
  14. Digital vouchers for domestic tourism of up to RM100/pax for domestic flights, rails and hotel accommodations;
  15. Rebates on rental for premises at the airport by Malaysia Airports Holdings Berhad (MAHB);
  16. Relaxation of existing guidelines limiting use of hotels by Government agencies;
  17. Discount on monthly electricity bills:
  • 15% discount for hotels, travel agencies, airlines, shopping malls, conventions and exhibitions centres (Announcement on 27 Feb 2020)
  • 2% discount for commercial, industrial & agricultural customer beginning 1 April – 30 September 2020 (Announcement on 16 March 2020)
  • Gradual discount of 15% to 50% on electricity usage with a maximum limit of 600 kilowatts per month (Announcement on 27 March 2020)
  1. Free internet to all customers from 1 April 2020 until the time of implementation Movement Control Order expires;
  2. RM1 billion of Food Security Fund for farmers, breeders and fishermen including inputs from agriculture, livestock and fisheries;
  3. RM100 million for the preparation of infrastructure facilities for food storage and distribution as well as crop integration programmes;
  4. RM 64.4 million for Area Farmers and Fishermen’s Organisations for the development of short-term agro food projects that can produce results within three to six months.
  5. RM10 million to provide food storage facilities to help reduce food prices (FAMA);
  6. Financial assistance of RM600/worker every month beginning 1 March 2020 up to maximum six (6) months to employees on unpaid leave; and
  7. Negotiations between employers and workers on terms of employment, including options for deduction of pay and unpaid leave during the MCO period. Both parties may seek advice from Department of Labour.
       Updated: 4 Mei 2020
       Source: Stimulus Package announced on 27 February 2020, 16 March 2020, 27 March 2020 and 6 April 2020

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