THE STRATEGIC PROGRAMME TO EMPOWER THE PEOPLE AND ECONOMY (PEMERKASA) INITIATIVES APPLICABLE FOR THE TIMBER INDUSTRY - MWMJC
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THE STRATEGIC PROGRAMME
TO EMPOWER THE PEOPLE
AND ECONOMY (PEMERKASA) INITIATIVES
APPLICABLE FOR THE TIMBER INDUSTRYAnnex I
Annex I
The Strategic Programme to Empower the People and Economy (PEMERKASA) Initiatives Applicable for the Timber Industry
Introduction
The
On Strategic
17 March Programme
2021, thetoPrime
Empower the People
Minister, YAB Tanand Economy (PEMERKASA)
Sri Muhyiddin Initiatives
Yassin has unveiled Applicable
the Strategic for the Timber
Programme Industrythe People and
to Empower
Economy (PEMERKASA) Initiatives worth RM20 billion.
Introduction
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
TheOn 17 March
focuses are to2021, thethe
curtail Prime Minister,
spread YAB Tandrive
of COVID-19, Sri Muhyiddin
economicYassin has strengthen
recovery, unveiled thenational
Strategic Programme to Empower
competitiveness, the People
ensure a regional andand
Economyinclusion
community (PEMERKASA) agendaInitiatives worth the
and transform RM20 billion.
economy.
The initiatives
Malaysia include
is currently an additional
in the fifth stage RM11
of thebillion
6R fiscal injection
Strategy from Resilience,
(Resolve, the government withRecovery,
Restart, five main Revitalise,
focuses andand 20 strategic
Reform) initiatives.
of the
The focuses are to curtail the spread of COVID-19, drive economic
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy. recovery, strengthen national competitiveness, ensure a regional and
community
To date, inclusion agenda
the Government and transform
has announced the economy.
six assistance packages [i.e. PRIHATIN worth RM250 billion, PRIHATIN SMEs (RM10 billion),
Malaysia
PENJANA is currently
(RM35 in the
billion), KITA fifth stage
PRIHATIN (RM10 of billion),
the 6R PERMAI
Strategy (RM15
(Resolve, Resilience,
billion) and nowRestart,
PEMERKASARecovery,
(RM20 Revitalise, and total
billion)]. The Reform)
valueofofthe
Comprehensive Economic Recovery
the aid packages amounts to RM340 billion. Plan, namely, ‘Revitalise’ or empower the economy.
To date, of
A summary the Government
initiatives has announced
applicable six assistance
for the timber industry is packages
described[i.e. PRIHATIN
in the worth RM250 billion, PRIHATIN SMEs (RM10 billion),
table below.
PENJANA (RM35 billion), KITA PRIHATIN (RM10 billion), PERMAI (RM15 billion) and now PEMERKASA (RM20 billion)]. The total value of
No. the aid packages amounts to RM340 billion.
Strategies/Programme Implementation Remarks/Contact
A summary of initiatives applicable for the timber industry is described in the table below.
date
A. Curtail the spread of COVID-19
1. No.Safe@Work Strategies/Programme 1Implementation
April 2021 CompaniesRemarks/Contact
can submit their
a) Tax deduction of up to RM50,000 on rental of premises and worker date registration through MITI COVID-19
A. Curtail
hostelsthe to spread of COVID-19
incentivise companies to participate in the Safe@Work Intelligence Management System
1. Safe@Work
initiative. 1 April 2021 Companies
(CIMS) starting fromcan1 April
submit
2021. their
b) a) Tax deduction
Safe@Work of up to RM50,000
is a Government on promoting
initiative rental of premises
enhancedand worker
public Forregistration through
any enquiries MITI COVID-19
or clarification
hostels to incentivise companies to participate
health measures to empower employers to be accountable for in the Safe@Work Intelligence
pertaining Management
to Safe@Work, pleaseSystem
e-
initiative.the pandemic among their workers. Safe@Work initiative
containing mail(CIMS) starting from 1 April 2021.
to
b) Safe@Work
contains Standard is aOperating
Government initiative(SOPs)
Procedures promoting enhanced
detailing preventivepublic For any enquiries or clarification
admin.safework@miti.gov.my
health and
measures measures to empowerthrough
case management employers to be of
the creation accountable
Safe Work for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative
Bubble. mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation1 of Safe Work
Bubble.Annex I
Annex I
c) Upon registration, companies would be audited for compliance to SOP.
Companies that pass the audit would qualify for Safe@Work.
d) Eligibility criteria: Companies in manufacturing and its related services
The Strategic
sector.Programme to Empower the People and Economy (PEMERKASA) Initiatives Applicable for the Timber Industry
Source:
Introduction
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
On 17 March 2021, the Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
memperkasa-rakyat-dan-ekonomi-pemerkasa/
Economy (PEMERKASA) Initiatives worth RM20 billion.
https://www.facebook.com/MITIMalaysia/videos/451414342576622
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
https://www.miti.gov.my/redir/safeatwork/safeatwork.html
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
community inclusion agenda and transform the economy.
2. Tax Deduction
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Lembaga Hasil Dalam and
Revitalise, Negeri (LHDN)of the
Reform)
a) Comprehensive
Expenses incurred by employers
Economic Recovery onPlan,
COVID-19
namely, screening andordetection
‘Revitalise’ empower the economy.
To testing
date,of itsGovernment
the employees uphas to announced
31 December six2021 are eligible
assistance for double
packages [i.e. PRIHATIN worth RM250 billion, PRIHATIN SMEs (RM10 billion),
tax deduction.
PENJANA (RM35 billion), KITA PRIHATIN (RM10 billion), PERMAI (RM15 billion) and now PEMERKASA (RM20 billion)]. The total value of
the aid packages amounts to RM340 billion.
Source:
A summary of initiatives applicable for the timber industry is described in the table below.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
No.memperkasa-rakyat-dan-ekonomi-pemerkasa/
Strategies/Programme Implementation Remarks/Contact
date
3. A. National
CurtailImmunisation
the spread ofProgramme
COVID-19 On-going Refer:
1. a) Allocation
Safe@Work for the National Immunisation Programme is increased from 1 April 2021 https://www.vaksincovid.gov.my/pdf/
Companies can submit their
RM3 billion to RM5 billion to accelerate the group immunisation
a) Tax deduction of up to RM50,000 on rental of premises and worker target National_COVID-
registration through MITI COVID-19
to December
hostels to2021 from thecompanies
incentivise initial targettoof participate
the first quarter
in theof 2022.
Safe@Work 19_Immunisation_Programme.pdf
Intelligence Management System
initiative. for more information
(CIMS) starting from 1 on this
April 2021.
b) Safe@Work is a Government initiative promoting enhanced public programme.
For any enquiries or clarification
health measures to empower employers to be accountable for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation2 of Safe Work
Bubble.Annex I
Annex I
B. Steering Economy Recovery
4. PRIHATIN Special Grant 3.0 (GKP 3.0) 1 April 2021 Lembaga Hasil Dalam Negeri (LHDN)
a) GKP 3.0 is a one-off financial aid amounting to RM1,000 to qualified SMEs
The Strategic
to easeProgramme to Empower
the financial burden ofthe People
their and Economy
business affected by (PEMERKASA)
the COVID- Initiatives Applicable for the Timber Industry
19 pandemic.
Introduction
b) The incentive is for SMEs which had never received GKP (introduced under
the On previous
17 Marcheconomic
2021, thestimulus packages).
Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
Source:
Economy (PEMERKASA) Initiatives worth RM20 billion.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
memperkasa-rakyat-dan-ekonomi-pemerkasa/
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
https://gkp.hasil.gov.my/
community inclusion agenda and transform the economy.
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
5. Micro Credit Financing
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy. TBC Further details of the incentives will
a) To Additional
date, theRM500 million has
Government in micro credit financing
announced fund which
six assistance would
packages [i.e.bePRIHATIN worth RM250 be released by the respective
billion, PRIHATIN SMEs (RM10 billion),
distributed
PENJANA through
(RM35 programmes
billion), under (RM10
KITA PRIHATIN Bank Simpanan Nasional(RM15
billion), PERMAI (BSN),billion) and now PEMERKASA
organisations/financial
(RM20 billion)].institutions.
The total value of
Majlis Amanah Rakyat (MARA) and
the aid packages amounts to RM340 billion.SME Corps.
A summary of initiatives applicable for the timber industry is described in the table below.
i. BSN
No. Allocated fund: RM300Strategies/Programme
million Implementation Remarks/Contact
Financing amount: Maximum of RM50,000 date
A. Interest
Curtail rate: Reduced
the spread from 3.5% to 3%
of COVID-19
1. Loan tenure: 5 years (repayment will only begin on the sixth month)
Safe@Work 1 April 2021 Companies can submit their
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
ii. MARA hostels to incentivise companies to participate in the Safe@Work Intelligence Management System
Allocated fund: RM50 million
initiative. (CIMS) starting from 1 April 2021.
b)
Safe@Work is a Government
Financing amount: Maximum initiative promoting
of RM50,000 (for enhanced
each eligiblepublic For any enquiries or clarification
health measures to empower employers to be accountable for
application) pertaining to Safe@Work, please e-
containing the3%pandemic among their workers. Safe@Work initiative
Interest rate: mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation3 of Safe Work
Bubble.Annex I
Annex I
iii. SME Corp
Allocated fund: RM50 million
The Strategic Programme
Financing to Empower
amount: the People and Economy (PEMERKASA) Initiatives Applicable for the Timber Industry
Up to RM250,000
Interest rate: 3%
Introduction
On 17 March 2021, the Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
Source:
Economy (PEMERKASA) Initiatives worth RM20 billion.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
memperkasa-rakyat-dan-ekonomi-pemerkasa/
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
6. communityof
Enhancement inclusion
Penjanaagenda
Kerjayaand
2.0transform the economy. TBC Tel: 1 300 88 2000 / 03 8091 5300
Malaysia is currently
a) Apprenticeship programme in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Email: Revitalise, and Reform) of the
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’
- Under Penjana Kerjaya 2.0 as announced in Budget 2021, employers or empower the economy. penjanakerjaya@perkeso.gov.my
To date, are given incentives ofhas
the Government RM1,000 for hiring
announced of graduates
six assistance under [i.e.
packages the 3PRIHATIN worth RM250 Website:
billion,www.myfuturejobs.gov.my
PRIHATIN SMEs (RM10 billion),
months
PENJANA contract
(RM35 duration
billion), of apprenticeship
KITA PRIHATIN programme.
(RM10 billion), PERMAI In (RM15
view ofbillion) and now PEMERKASA
Online application:
(RM20 billion)]. The total value of
thepackages
the aid feedbackamounts
from the toemployers that existing apprenticeship period
RM340 billion. https://penjanakerjaya.perkeso.gov.m
A summaryis too short, the programme
of initiatives applicablenow is extended
for the to 6 months,
timber industry wherein the table below. y/index.php
is described
each employee will receive RM600 a month for a maximum period of
No. 6 months. Strategies/Programme Implementation Remarks/Contact
date
A. b) Hiring
CurtailIncentive
the spread of COVID-19
1. - For employers who provide short-term employment opportunities
Safe@Work 1 April 2021 Companies can submit their
that are registered with SOCSO, they are entitled to
a) Tax deduction of up to RM50,000 on rental of premises and worker receive RM200 registration through MITI COVID-19
for eachto
hostels worker placement.
incentivise companies to participate in the Safe@Work Intelligence Management System
initiative. (CIMS) starting from 1 April 2021.
Source:
b) Safe@Work is a Government initiative promoting enhanced public For any enquiries or clarification
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
health measures to empower employers to be accountable for pertaining to Safe@Work, please e-
memperkasa-rakyat-dan-ekonomi-pemerkasa/
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation4 of Safe Work
Bubble.Annex I
Annex I
https://www.myfuturejobs.gov.my/ms/insentif-pengambilan-pekerja-
penjana-kerjaya-2-0/
7.The Upskilling
Strategic Programme toProgramme
and Reskilling Empower the by People
the Humanand Economy
Resources(PEMERKASA)
Development Initiatives ApplicableFurther
On-going for theinformation
Timber Industry
of the portals
Corporation (HRDF) could be found from:
Introduction
a) UpskillMalaysia platform: The information centre for programmes in https://upskillmalaysia.gov.my/
Onupskilling
17 Marchand2021,
retraining.
the Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic https://elatih.hrdf.com.my/
Programme to Empower the People and
b) Economy
e-LATiH portal: For employer
(PEMERKASA) looking
Initiatives for new
worth RM20skilled employees in various
billion.
fields. The portal contains 300 free online training courses.
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
Source:
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
community inclusion agenda and transform the economy.
memperkasa-rakyat-dan-ekonomi-pemerkasa/
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy.
8. Reducing
To date,thethe
Burden of Companies
Government has announced six assistance packages [i.e. PRIHATINTBC worth RM250Securities
billion, Commission
PRIHATIN SMEs Malaysia
(RM10 billion),
a) PENJANA
The listing-related fees will
(RM35 billion), KITAbePRIHATIN
exempted(RM10
for 12billion),
monthsPERMAI
for companies Tel: 03 6204
(RM15 billion) and now PEMERKASA (RM208000
billion)]. The total value of
that are applying to list on the Main,
the aid packages amounts to RM340 billion. LEAP and ACE Markets of Bursa Email: cau@seccom.com.my
A Malaysia.
summary of initiatives applicable for the timber industry is described in the table below.
b) Rebates for annual listing fees for 2021 will be given to listed companies
No. that have reported losses based on their quarterly reports
Strategies/Programme Implementation Remarks/Contact
c) The fundraising limit for companies utilising equity crowdfunding is date
A. increased
Curtail thefrom
spreadRM10 million to RM20 million, with this method of
of COVID-19
1. fundraising
Safe@Workto be expanded to include unlisted berhad companies. 1 April 2021 Companies can submit their
d) The indebtedness threshold is increased from RM10,000 to
a) Tax deduction of up to RM50,000 on rental of premises and worker RM50,000. registration through MITI COVID-19
hostels to incentivise companies to participate in the Safe@Work Intelligence Management System
Source:initiative. (CIMS) starting from 1 April 2021.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
b) Safe@Work is a Government initiative promoting enhanced public For any enquiries or clarification
memperkasa-rakyat-dan-ekonomi-pemerkasa/
health measures to empower employers to be accountable for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation5 of Safe Work
Bubble.Annex I
Annex I
C. Strengthen National Competitiveness
9. Expansion of the national Authorised Economic Operator (AEO) Further details will be released by the
a) The Government through the Special Task Force on Business Facilitation Royal Malaysian Customs Department
The Strategic Programme
(PEMUDAH) to Empower
is committed in the Peoplethat
ensuring and Economy (PEMERKASA)
agile regulations were Initiatives Applicable(RMCD).
for the Timber Industry
implemented to encourage reinvestment of domestic businesses.
Introduction
b) This also includes expansion of the national Authorised Economic
On Operator
17 March(AEO)
2021, programme which provided
the Prime Minister, YAB Tana Sri
green route to
Muhyiddin eligible
Yassin has unveiled the Strategic Programme to Empower the People and
companies
Economy for export and
(PEMERKASA) importworth
Initiatives business
RM20asbillion.
well as shortening the
processing time for investment applications.
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
Source:
community inclusion agenda and transform the economy.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
memperkasa-rakyat-dan-ekonomi-pemerkasa/
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy.
To date, the Government has announced six assistance packages [i.e. PRIHATIN worth RM250 billion, PRIHATIN SMEs (RM10 billion),
10. Additional
PENJANAAllocation of RM700
(RM35 billion), million for
KITA PRIHATIN thebillion),
(RM10 SME Automation
PERMAI (RM15 andbillion)
The and
facility is Applicants
now PEMERKASA may billion)].
(RM20 contact the
Therespective
total value of
Digitalisation Facility (ADF)
the aid packages amounts to RM340 billion. available until participating financial institutions
a) APurpose
summary of offinancing:
initiatives Purchase
applicableofforequipment, machinery,
the timber industry computerin the
is described 31 table
December
below. customer service centre for further
hardware and software, IT solutions and services, technology support 2021 or full inquiries.
No. services and other intangible assets to enhance productivity and utilisation,
Strategies/Programme Implementation Remarks/Contact
efficiency (not for refinancing of existing financing facilities) whicheverdate is
A. b) Curtail
The incentive
the spreadis open to all Malaysian SMEs, with a maximum financing earlier.
of COVID-19
1. amount
Safe@Workof up to RM3 million per SME and financing tenure of up to 10 1 April 2021 Companies can submit their
years.
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
c) Financing
hostelsrate:
to Up to 4% percompanies
incentivise annum, inclusive of guarantee
to participate fee.Safe@Work
in the Intelligence Management System
initiative. (CIMS) starting from 1 April 2021.
Source:https://www.bnm.gov.my/-/additional-allocation-rm700-million-
b) Safe@Work is a Government initiative promoting enhanced public For any enquiries or clarification
sme-adfhealth measures to empower employers to be accountable for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation6 of Safe Work
Bubble.Annex I
Annex I
11. Financing the Development of Automation, Digitalisation and the usage of 1 April 2021 Further details will be released in the
Green Technology under the Malaysian Industrial Development Finance MIDF website starting 1 April 2021.
(MIDF)
The a)
Strategic
A total Programme
fund of RM200 to Empower the People
milllion under the MIDFand is
Economy
available(PEMERKASA)
for financing Initiatives Applicable for the Timber Industry
the development of automation, digitalisation and the usage of green
technology. The interest rate is reduced from 5% to 3% for a period of 12
Introduction
months.
On 17 March 2021, the Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
Economy (PEMERKASA) Initiatives worth RM20 billion.
Source:
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
memperkasa-rakyat-dan-ekonomi-pemerkasa/
community inclusion agenda and transform the economy.
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
12. Smart AutomationEconomic
Comprehensive Grant by the Malaysian
Recovery Plan, namely,Investment Development
‘Revitalise’ or empower the Applications
economy. Updated information will be released
Authority
To date, (MIDA)
the Government has announced six assistance packages [i.e. PRIHATIN receivedworth RM250
by in the MIDA
billion, website.SMEs (RM10 billion),
PRIHATIN
a) PENJANA
An additional allocation of RM50 million for the Smart Automation Grant MIDA from 4
(RM35 billion), KITA PRIHATIN (RM10 billion), PERMAI (RM15 billion) and now PEMERKASA (RM20 billion)]. The total value of
is provided to enable
the aid packages more
amounts SMEs and
to RM340 mid-tier companies to enhance December 2020
billion.
Aoperational
summary of and manufacturing
initiatives efficiencies
applicable through
for the timber high-tech
industry processes.in the
is described to table
31 December
below.
b) Eligible expenditures: Automation machine/ equipment/ software that 2021 are eligible
No. are used directly in the overall value chain of manufacturing and services to be
Strategies/Programme considered
Implementation Remarks/Contact
activities. for this grant.
date
A. Curtail the spread of COVID-19
1. Source:https://www.mida.gov.my/wp-content/uploads/2021/02/GD-
Safe@Work 1 April 2021 Companies can submit their
SAG09022021.pdf
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
hostels to incentivise companies to participate in the Safe@Work Intelligence Management System
initiative. (CIMS) starting from 1 April 2021.
b) Safe@Work is a Government initiative promoting enhanced public For any enquiries or clarification
health measures to empower employers to be accountable for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation7 of Safe Work
Bubble.Annex I
Annex I
13. Industry4WRD by the Ministry of International Trade and Industry (MITI) TBC Updated information will be released
a) An allocation of RM50 million will be provided for the Industry4WRD in the MITI/MIDA website.
initiative.
The Strategic Programme to Empower the People and Economy (PEMERKASA) Initiatives Applicable for the Timber Industry
Source: https://www.miti.gov.my/index.php/pages/view/4832
Introduction
14. Development
On 17 March of 2021,
Automation by SME
the Prime Bank YAB Tan Sri Muhyiddin Yassin has unveiledTBC
Minister, Updated
the Strategic information
Programme will bethe
to Empower released
People and
a) AEconomy
fund of RM200 million to
(PEMERKASA) finance the
Initiatives purchase
worth RM20 of machinery with a grant
billion. in the SME Bank website.
of up to 20% of the value of the machinery for SMEs to increase
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
automation
The focusesand are reduce dependence
to curtail the spreadon of foreign workers.
COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
community inclusion agenda and transform the economy.
Source:
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy.
memperkasa-rakyat-dan-ekonomi-pemerkasa/
To date, the Government has announced six assistance packages [i.e. PRIHATIN worth RM250 billion, PRIHATIN SMEs (RM10 billion),
PENJANA (RM35 billion), KITA PRIHATIN (RM10 billion), PERMAI (RM15 billion) and now PEMERKASA (RM20 billion)]. The total value of
15. Exploring
the aidnew exports
packages marketto RM340 billion.
amounts TBC
a) Among
A summarythe ofmeasures
initiativesthat will befor
applicable implemented include isthe
the timber industry eBizLinkin the table below.
described
initiative, a virtual and hybrid digital marketing platform, as well as the
No. Globepreneur initiative aimed at highlighting more SMEs that have the
Strategies/Programme Implementation Remarks/Contact
potential to enter the international market. date
A. Curtail the spread of COVID-19
1. Source:
Safe@Work 1 April 2021 Companies can submit their
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
memperkasa-rakyat-dan-ekonomi-pemerkasa/
hostels to incentivise companies to participate in the Safe@Work Intelligence Management System
initiative. (CIMS) starting from 1 April 2021.
b) Safe@Work is a Government initiative promoting enhanced public For any enquiries or clarification
health measures to empower employers to be accountable for pertaining to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative mail to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation8 of Safe Work
Bubble.Annex I
Annex I
16. Market Development Grant (MDG) by MATRADE On-going Updated information will be released
a) The ceiling for the Market Development Grant (MDG) is increased from in the MATRADE website.
RM300,000 to RM500,000 per company that participates in international
The Strategic Programme to Empower the People and Economy (PEMERKASA) Initiatives Applicable for the Timber Industry
exhibitions.
b) Refer https://www.matrade.gov.my/en/malaysian-exporters/services-
for-exporters/exporters-development/market-development-grant-mdg
Introduction
forOnthe information
17 March 2021, on
theexisting MDG. YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
Prime Minister,
Economy (PEMERKASA) Initiatives worth RM20 billion.
Source:
The initiatives include an additional RM11 billion fiscal injection from the government with five main focuses and 20 strategic initiatives.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
The focuses are to curtail the spread of COVID-19, drive economic recovery, strengthen national competitiveness, ensure a regional and
memperkasa-rakyat-dan-ekonomi-pemerkasa/
community inclusion agenda and transform the economy.
https://www.matrade.gov.my/en/malaysian-exporters/services-for-
Malaysia is currently in the fifth stage of the 6R Strategy (Resolve, Resilience, Restart, Recovery, Revitalise, and Reform) of the
exporters/exporters-development/market-development-grant-mdg
Comprehensive Economic Recovery Plan, namely, ‘Revitalise’ or empower the economy.
To date, the Government has announced six assistance packages [i.e. PRIHATIN worth RM250 billion, PRIHATIN SMEs (RM10 billion),
17. MySDG Trust(RM35
PENJANA Fund billion), KITA PRIHATIN (RM10 billion), PERMAI (RM15 billion) and now PEMERKASA (RM20 billion)]. The total value of
a) The
the United Nations
aid packages in Malaysia
amounts wouldbillion.
to RM340 set up the MySDG Trust Fund as a
platform
A summary that
of allows funding
initiatives from for
applicable a variety of sources
the timber industryforis described
Sustainablein the table below.
Development Goals (SDG) compliant projects.
No. Strategies/Programme Implementation Remarks/Contact
Source: date
A. https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Curtail the spread of COVID-19
1. memperkasa-rakyat-dan-ekonomi-pemerkasa/
Safe@Work 1 April 2021 Companies can submit their
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
D. Ensurehostels
a regional
to and community
incentivise inclusionto participate in the Safe@Work
companies Intelligence Management System
18. Extension of the effective period of inability to perform contractual
initiative. On-going The existing
(CIMS)type of contracts
starting includes
from 1 April 2021.
obligations.
b) Safe@Work is a Government initiative promoting enhanced public hire purchase or lease contracts and
For any enquiries or clarification
health measures to empower employers to be accountable for credit pertaining
sales contracts which benefit
to Safe@Work, please e-
containing the pandemic among their workers. Safe@Work initiative groups such
mail as the B40, M40 and micro to
contains Standard Operating Procedures (SOPs) detailing preventive admin.safework@miti.gov.my
measures and case management through the creation9 of Safe Work
Bubble.Annex I
Annex I
Annex I
a) Protection to those unable to fulfil their contractual obligation by 31 enterprises who are unable to meet
March 2021 is extended to 30 June 2021.The type
a) Protection to those unable to fulfil their contractual obligation by 31 of contacts will be their contractual
enterprises whoobligations.
are unable to meet
expanded.
March 2021 is extended to 30 June 2021.The type of contacts will be Source:
their contractual obligations.
The Strategic Programme
expanded. to Empower the People and Economy (PEMERKASA) Initiatives Applicable Special Announcement
for the Timber
Source: Industry on PERMAI
Source: Assistance Package
Special Announcement (pmo.gov.my)
on PERMAI
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Introduction
Source: Assistance Package (pmo.gov.my)
memperkasa-rakyat-dan-ekonomi-pemerkasa/
On 17 March 2021, the Prime Minister, YAB Tan Sri Muhyiddin Yassin has unveiled the Strategic Programme to Empower the People and
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Economy (PEMERKASA) Initiatives worth RM20 billion.
memperkasa-rakyat-dan-ekonomi-pemerkasa/
19. Empowerment
The initiatives of include
womenan entrepreneurs
additional RM11 billion fiscal injection from the government TBC with fivemain Updated
focusesinformation on Micro
and 20 strategic initiatives.
a) A total of
The focuses are
19. Empowerment RM30 million
to curtail
of women is provided for the Micro SME e-Commerce
the spread of COVID-19, drive economic recovery, strengthen
entrepreneurs SME e-commerce
TBC national competitiveness,
Updated information Campaign
ensureon and and
a regional
Micro
Campaign
a)community and
A total of inclusion Shop
RM30 million Malaysia
agenda is and Online
transform
provided programme
the Micro
for the aimed
economy. at providing
SME e-Commerce Shop Malaysia Online
SME e-commerce Campaign andwill be
greater
Malaysia opportunities
Campaignis and Shop in
currently for women
Malaysia
the fifth entrepreneurs
Online of the to6Raccess
stageprogramme aimedonline
Strategy marketsResilience, Restart, Recovery,
at(Resolve,
providing released in the MDEC
Shop Revitalise,
Malaysia website.
and Reform)
Online will be of the
and expand
Comprehensive their
greater opportunities businesses.
Economic for women
Recovery entrepreneurs
Plan, namely,to‘Revitalise’
access online markets the economy.
or empower Further details on the
released in the MDEC website.
b)
To Bank
and Simpanan
expand
date, the their Nasional
businesses.
Government (BSN) will provide RM50 million for the
has announced six assistance packages [i.e. PRIHATIN worth RM250 billion, PEMERKASA-NITA
PRIHATIN Micro
SMEs
Further details on the (RM10 billion),
PEMERKASA-NITA
b)PENJANA
Bank Simpanan Micro
Nasional
(RM35 billion), Financing
KITA(BSN)
PRIHATIN Scheme
will provide to encourage
RM50 PERMAI
(RM10 billion), women
million (RM15
for thebillion) and now PEMERKASA Financing
(RM20 Scheme
billion)].will
Thebetotal value of
PEMERKASA-NITA Micro
entrepreneurs toamounts
venture
Microinto business. released
PEMERKASA-NITA
the aid packages toFinancing
RM340 Scheme to encourage women
billion. FinancinginScheme
the BSNwillwebsite.
be
Source:
Aentrepreneurs to venture
summary of initiatives into business.
applicable for the timber industry is described in the table below. released in the BSN website.
https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Source:
memperkasa-rakyat-dan-ekonomi-pemerkasa/
No.https://www.pmo.gov.my/2021/03/teks-ucapan-program-strategik-
Strategies/Programme Implementation Remarks/Contact
memperkasa-rakyat-dan-ekonomi-pemerkasa/ date
A. Curtail the spread of COVID-19
Prepared by
1. Safe@Work 1 April 2021 Companies can submit their
Strategic
PreparedPlanning
by Division
a) Tax deduction of up to RM50,000 on rental of premises and worker registration through MITI COVID-19
Malaysian Timber Council
Strategic Planning Division
hostels to incentivise companies to participate in the Safe@Work Intelligence Management System
Malaysian
Disclaimer
Timber Council
initiative. (CIMS) starting from 1 April 2021.
b) Safe@Work is a Government initiative promoting enhanced public
This document is intended only for the person to whom it is addressed and/or otherwise authorized personnel. If you are not the intended Forrecipient,
any enquiries or clarification
please be advised that
health
viewing this document and measures
any attachments, to asempower employers
well as copying, to printing,
forwarding, be accountable
and disseminatingfor any information related to this document is
pertaining toprohibited,
Safe@Work, and that you e-
please
should not take any action based on the content of this document and/or its
containing the pandemic among their workers. Safe@Work initiative attachments. If you received this message in error, please contact
mail the sender and destroy all to
copies of this document and any attachment. The Malaysian Timber Council is not responsible for the accuracy and reliability of the information supplied by external sources.
contains Standard Operating Procedures (SOPs) detailing preventive
Users wishing to rely upon this information should consult directly with the source of the information. admin.safework@miti.gov.my
measures and case management through the creation10of Safe Work
Bubble. 10You can also read
