Prihatin stimulus not enough to help businesses - Research firm

Modified 31 Mar 2020, 4:26 am

CORONAVIRUS | Most businesses will not be able to qualify for the wage subsidy scheme in the government's Prihatin stimulus plan, said research firm Fitch Solutions Country Risk and Industry Research.

"While Malaysia has also announced wage subsidies, we note that they only apply to the lower-income workforce, as workers earning above RM4,000 a month do not qualify at all.

"Furthermore, businesses have to prove that their revenues have contracted by at least 50 percent in the year-to-date of the application....

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