Covid-19 – Pelan Jana Semula Ekonomi Negara (“PENJANA”)

On 5 June 2020, the Prime Minister unveiled the Pelan Jana Semula Ekonomi Negara (PENJANA) amounting to RM35 billion, aimed at restoring the country's economy in the short term following the Covid-19 outbreak.

The Government proposes to address the Covid-19 challenges through 6 main approaches: Resolve; Resilience; Starting Over; Restart; Recovery; Revitalise; and Reorder. PENJANA is part of the Recovery phase of the 6 main approaches.

PENJANA will focus on 3 key areas, namely, empowering the Rakyat, propelling businesses and stimulating the economy.

SALIENT POINTS

We highlight below the salient tax initiatives and non-tax initiatives of PENJANA. 

Please do not hesitate to contact any of the following persons from our Tax Practice Group if you require any clarification:

Vijey M. Krishnan (Partner) 
(T): 603 – 2632 9868
(E): [email protected]

William Wong (Partner)
(T): 603 – 2632 9905
(E): [email protected]

Nicholas Mark Pereira (Senior Associate)
(T): 603 – 2632 9911     
(E): [email protected]

Krystal Chiam (Associate)
(T): 603 – 2632 9999 (ext. 1201)
(E):  [email protected]

The articles published on our website do not constitute legal advice and are only intended for general information.

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