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PETALING JAYA: The government has announced a second wage subsidy scheme to help companies that are still affected by the Covid-19 pandemic.
Prime Minister Tan Sri Muhyiddin Yassin said the subsidy would be awarded to companies that are experiencing a revenue reduction of up to 30% compared to last year since the recovery movement control order (MCO).
A salary subsidy of RM 600 per month will be awarded to a maximum of 200 employees each for three months.
Muhyiddin said that the applications are open from October 1 to December 31.
He said he received comments that many companies were not eligible for the scheme because they were not registered with the Social Security Organization (Socso) before April 1.
He said that to make sure they were not left behind, the second scheme would be open to companies that registered with Socso before August 31.
“For new applications that have never received assistance under the Wage Subsidy Scheme program, they will be eligible for subsidies for up to six months,” he said in a special address on Wednesday (September 23) to announce a special assistance initiative package. known as “Kita Prihatin”.
He said that the implementation of the program was expected to benefit 1.3 thousand workers and involved an allocation of 2.4 billion ringgit.
Muhyiddin also announced a special Prihatin Grant (GKP) to help micro-businesses facing financial difficulties due to the Covid-19 pandemic.
He said applications for the GKP from May 1 to 15 had benefited 545,000 small businesses across the country, with an allocation of RM1.63bil.
He added that to ensure that more of these microenterprises benefit from the GKP, the government agreed to reopen applications from October 1-31.
Muhyiddin said it would be open to business owners registered with the Malaysian Business Commission (SSM), or with local authorities before August 31, and payments will be made from November 25.
“The reopening of this initiative is expected to benefit more than 200,000 micro-businesses, with an allocation of almost RM600,000,” he said.
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