Dear Valued Clients and Associates
2021 NATIONAL RECOVERY PLAN (NRP) & PEMULIH Program
The NRP, comprising the following phases, was unveiled on 15 Jun 2021:
| Phase | Phase target | Target reopening of economic sectors |
| Phase 1 | Reducing daily Covid-19 cases to < 4,000 Rate of ICU bed-use to ‘moderate’ levels Achieving full vaccination for 10% of the population | Only essential services allowed to operate |
| Phase 2 | Target to be achieved by end Aug 2021 Reducing daily Covid-19 cases to < 2,000 ‘Sufficient’ ICU beds available Achieving full vaccination for 40% of the population | Reopening of economic sectors that does not involve large gatherings as well as adhering to physical distancing |
| Phase 3 | Target to be achieved by end Oct 2021 Reducing daily Covid-19 cases to < 500 ‘Sufficient’ ICU capacity Achieving full vaccination for 60% of the population | Reopening of almost all economic sectors with strict SOPs and limited physical presence in the workplace Parliament and schools to reopen |
| Phase 4 | Target roll-out in Nov 2021 (until Dec 2021) | Full reopening of the economy |
Since the 1st Economic Stimulus Package 2020 (ESP) was announced on 27 Feb 2020, the following economic stimulus measures were initiated in response to the continuing economic impact of the COVID-19 crises, the latest being the PEMULH program on 28 Jun 2021:
| Economic Stimulus Measures | Worth | Announced on |
| Prihatin Rakyat Economic Stimulus Package [Prihatin] | RM250b | 27 Mar 2020 |
| Additional SME Economic Stimulus Package [Prihatin+] | RM10b | 6 Apr 2020 |
| PENJANA Short-Term Economic Recovery Plan | RM35b | 5 Jun 2020 |
| PERMAI Assistance Package | RM15b | 18 Jan 2021 |
| PEMERKASA Program | RM20b | 17 Mar 2021 |
| PEMERKASA+ Program [PMK+] | RM40b | 31 May 2021 |
| PEMULIH Program | RM150b | 28 Jun 2021 |
PEMULIH is aimed at providing comprehensive assistance to the rakyat focusing on:
- continuing with the Prihatin Rakyat agenda
- supporting businesses; and
- increasing the rate of Covid-19 vaccination in the country.
We have extracted in this Memorandum, pertinent measures from PEMULIH which in our view would be relevant from both the business and individual perspectives to our clients for their consideration, including current measures undertaken by the Government to combat Covid-19. This Memorandum also includes certain updates announced in PMK+.
The implementation of the proposed measures would be subject to any clarification and guidance from the relevant authorities and being legislated where applicable. As such, further details on the proposed measures are expected to be released by the authorities in due course.
Please access our website at www.salgroup.com.my for all of our earlier Alerts.
Please do not hesitate to contact the following should you have any queries on the above:
| Name | Ext | |
| Lew Choon Kiong (CK) | 230 | cklew@salgroup.com.my |
| Helen Tang | 208 | helen.tas@salgroup.com.my |
Best regards,
2 July 2021