Since the outbreak of COVID-19, the Government has announced various Economic Stimulus Packages to aid the Rakyat and business community.
We are pleased to summarise below all the important resources made available by the government to assist the business sector to alleviate the hardships brought about by the COVID-19 crisis.
The chronology of the measures provided by the Government is as follows:
Malaysia Short Term Economic Recovery Plan 2020
Malaysia First Economic Stimulus Package 2020
Malaysia Second Economic Stimulus Package 2020
Malaysia Additional Prihatin SME Economic Stimulus Package 2020
COVID-19: Crowe Tax Planning Handbook For Businesses
COVID-19 Cashflow Survival & Stimulus Assessment Tool
How long can your cash reserves last during this COVID-19 pandemic?
To help you in the most critical phase of this crisis, we have designed a Cashflow Survival & Stimulus Assessment Template. The purpose of this template is to help you analyse how long your business’ cash reserves can last. This will give you a clear view of your business' financial health, thus empowering you to plan ahead of time before your cash reserves run dry.
The template can also help you to understand the Malaysian government’s measures in the Stimulus Packages which can assist you in:
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Read the instructional guide on how to use the assessment tool here.