COVID-19 pandemic in Malaysia

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Coronavirus (or COVID-19) is now a global epidemic of infectious diseases. The situation in Malaysia has changed dramatically in recent times, with the number of cases surging and restrictions on movement of sanctions have begun.
Source: Google Image

Here's what you need to see how far the virus has changed our lives:

How many cases are there in Malaysia?

You can check it out here:
Covid-19 Outbreak Live Updates - https://www.outbreak.my/

What is the movement control order?


As part of the social reform measures, Malaysian Prime Minister Tan Sri Muhyiddin Yassin announced the Motion Control Order (MCO) beginning March 18. This was continued until May 12 to continue efforts to reduce the spread of the virus. In short, the ban prohibits mass assemblies and travel abroad. All educational institutions, businesses and premises will be closed - except for those involved in essential services.


What businesses and premises are stil operating?


Important services are still allowed to open within 14 days. These include banking, electricity, fire, ports, docks, airports, posts, prisons, lubricants, healthcare, solid waste management, sewerage, broadcasting, telecommunications, transportation, water, e-commerce, defense, food, wildlife, immigration , taxes, hotels and accommodation. This means that many daily services will remain open for two weeks. For example, the restaurant will remain open, but only for take-off and delivery. Groceries and groceries will also be open, both for physical and online shopping.


What's happening to the stock market?


The stock has fallen to a low level in over a decade, down by 20.52% since the beginning of this year. Open companies are among the weakest stocks of the year. AirAsia Group Bhd shares have fallen 63% since early January, while Malaysia Airport Holdings Bhd fell 39% during the same period. Other blue shades are not missed. Public Bank, a stock that has long been relatively stable, fell 29% this year. Consumer stocks like Nestle are down 7%, while Carlsberg is down 34%. Some of the benefits of global viral outbreaks include health stocks, glove manufacturers. Earlier this year, Top Glove Corp Bhd jumped 31%, Kossan Rubber Industries Bhd jumped 16% and Hartalega rose 22%.

How does COVID-19 affect workers?


The border entrance is further tightened to Malaysians working in Singapore returning to Johor Bahru so that they can pick up their belongings and return to work in Singapore. Some workers are working overnight at MRT stations, some Singaporean governments and some employers are looking for ways to provide Malaysian workers with accommodation. The Johor state government hopes to reopen the border with the island state.

    Back in Malaysia, with limited movement orders, many workers came from home. Workers who are unable to do their jobs remotely - or work in sectors affected by the virus outbreak - have taken (or been forced to) take unpaid leave. However, Kementerian Sumber Manusia has announced that workers are entitled to their pay under the restraining order. The prime minister also announced a RM600 monthly cash offer (up to six months) for workers who take unpaid leave.

What is the help from the Malaysian government?


The prime minister recently announced PRIHATIN Rakyat, a RM250 billion economic package to supplement the COVID-19 economic impact. Here's how it affects you:

Insurance and takaful

The RM8 million fund will be set up by information and takaful providers to cover the cost of inspections in private hospitals or laboratories for police officers, priced up to RM300

Doctors, nurses and other medical methods

The monthly allowance increases from RM400 to RM600 starting April 1

Police, military, customs, RELA and others involved in conducting MCO

The monthly allowance is RM200 from April 1 until the end of the COVID-19 outbreak

Cash handouts for households

RM1,600 for households earning RM4,000 per month and below
RM1,000 for households earn between RM4,001 and RM8,000 per month
RM800 for individuals 21 years and over who earn RM2,000 a month and below
RM500 for individuals 21 years and over who earn between RM2,001 and RM4,000

Higher education students (including matriculation, community colleges, polytechnics, public universities, and private universities)

One-time fee of RM200
PTPK loans: six-month delay, from April 1 to September 30

B40:

Those under MySalam can receive RM50 a day for 14 days if they require hospitalization for COVID-19 or those under quarantine
Six months rent exemption for PPR residents

Private Retirement Scheme (PRS)

Withdrawal of up to RM1,500 from Account B without penalty from April to December 2020

Royal building

Six-month rent exemption for government-owned buildings, including a school canteen, day care center, and convenience store

Electric bill discount:

For those who use 600 kWH, for six months from April
50% off for electricity use below 200 kWH
25% off for electricity use between 201 kWH and 300 kWH
15% off for electricity use between 301 kWH and 600 kWH

Telecommunications

Free internet for all telecommunications service customers from April 1 until the end of the MCO

Civil servants

A one-time payment of RM500 for civil servants grades 56 and under (including contracted) in April

Government pensioner

One-time payment of RM500 in April

E-hailing drivers:

One-time payment of RM500 in April


Source: Everything You Need to Know About COVID-19 in Malaysia at https://www.imoney.my/articles/coronavirus-impact-malaysia

In the meantime, stay home and stay safe everyone!

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