In our efforts to cushion the impact of disruptions caused by COVID-19 outbreak, Bank Negara Malaysia (BNM) wishes to announce additional measures to support SMEs and individuals. BNM is enhancing the existing financing facilities under the BNM’s Fund for SMEs (the Fund), and increasing the allocation of the facilities by an additional RM4.0 billion to RM13.1 billion. These enhancements are aimed at providing assistance to more SMEs in sustaining business operations and preserving jobs, as well as to support economic growth.

To enable your organization to operate during the current phase of the Movement Control Order, click on 'Read More' to view the steps to submit your appeal online.

This is these are the most recent of FAQs on the Movement Control Order. These FAQs cover the MITI applications, Customers and Suppliers list, Workers list, which sectors are allowed to operate currently and more.

The recent epidemic of Covid-19 has made an impact on businesses and the economy across multiple sectors. However, there are also measures to mitigate the impact.

On 27 February 2020, the Malaysian Government announced a RM20 billion Economic Stimulus Package to mitigate the impact of COVID-19 outbreak and reinvigorate the growth of the Malaysian economy. The Doc below provides more insight.

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“For some organizations, near-term survival is the only agenda item. Others are peering through the fog of uncertainty, thinking about how to position themselves once the crisis has passed and things return to normal. The question is, ‘What will normal look like?’ While no one can say how long the crisis will last, what we find on the other side will not look like the normal of recent years.” It is impossible to know what will happen. But it is possible to consider the lessons of the past, both distant and recent, and on that basis, to think constructively about the future.

With China–US tensions and geopolitical turbulence increasing, many in the Asia-Pacific have looked at how ASEAN would respond to remain united, central and relevant. The ASEAN Outlook on the Indo-Pacific (AOIP) report is a response to the rising contention between great powers as well as a lens for ASEAN’s future priorities.

The idea of “crisis management” requires no explanation right now. Something unexpected and significant happens, and our first instincts are to defend against — and later to understand and manage — the disturbance to the status quo. The crisis is an unpredictable enemy to be tamed for the purpose of restoring normality.