KINIGUIDE | 2020 is shaping up to be an eventful year full of unexpected twists and one where the Malaysian economy has been significantly affected by the Covid-19 pandemic and various movement control orders implemented by the government.

Three bills have been tabled in the current Parliament session on the adjustments to the bankruptcy threshold, setting up of a Covid-19 fund for various stimulus packages, and amendments to the contractual obligations of entities and individuals.

In this instalment of KiniGuide, we guide you through the main points of these three bills.

First bill: Temporary Measures For Government Financing (Covid-19) Bill 2020

The Temporary Measures For Government Financing (Covid-19) Bill 2020, or the Covid-19 financing bill, was tabled by Finance Minister Tengku Zafrul Abdul Aziz for its first reading on Aug 6 and its second reading on Aug 18.

There are two main points in this bill...