Economic Stimulus Packages saved 2.75 million jobs – PM Muhyiddin

The implementation of the Economic Stimulus Packages (ESPs) worth RM295 billion by the government has managed to save more than 2.75 million jobs and more than 800,000 businesses, including micro and small and medium-sized enterprises (SMEs).

Prime Minister Tan Sri Muhyiddin Yassin said the measures introduced under the PRIHATIN ESP, Additional PRIHATIN and the Short-term Economic Recovery Plan (PENJANA) aims to address the impact from the COVID-19 crisis, while simultaneously ensuring business continuity.

“More than 2.75 million jobs have been saved through the implementation of the Wage Subsidy Programme as well as the Employee Retention Programme.

“Additionally, more than 800,000 businesses, including micro businesses and SMEs have benefited from the ESPs,” he said in a live telecast on the latest update on the Recovery Movement Control Order (RMCO), which was aired on local television networks.

Muhyiddin said to-date, 10.4 million Bantuan Prihatin Nasional recipients have received a total of RM11.14 billion in cash aid.