A total of 35,800 applications for the Prihatin Special Grant (GKP) for micro small and medium-sized enterprises (SMEs) have been approved, according to the Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today.
Applicants he said, can check on the status of their application beginning today with payments will be made by the end of June.
The appeal period is still open until June 15 through the Inland Revenue Board's (IRB) official portal, gkp.hasil.gov.my, he said and added that the IRB has received 81,260 applications for GKP.
“IRB has shared with us the reasons for rejection, such as incorrectly completed forms - for example, companies registered as 'private limited/sendirian berhad' were stated as a 'partnership'.
In the appeals portal, appellants may submit the relevant company certificate for IRB's consideration.
"I hope micro business owners will seize this opportunity (to appeal)," he said when sharing the 8th Laksana Report on the Implementation of the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) here today.
Under the Bank Simpanan Nasional (BSN) micro-credit scheme, 5,222 applications have been approved worth RM191 million, while under the TEKUN Nasional program, 19,382 application were approved amounting to RM151 million.
On the SME Easy Loan Funds under Bank Negara Malaysia's (BNM) supervision, Zafrul said total financing amounting to RM7.5 billion had been approved as of June 5.
"This will benefit 18,227 SMEs. This amount includes funds from the Special Relief Facility and Agrofood Facility," he said.
On the Wage Subsidy program, the Finance Minister said a total of RM4 billion had been approved up to June 5, 2020 for 293,033 employers benefitting 2.3 million workers.
This represents an increase of RM780 million approved for 100,000 employees, compared to two weeks ago, he said.
Meanwhile, on the Employment Retention Program (ERP) which is managed by the Social Security Organisation (SOCSO), he said RM121 million has been approved for 202,000 employees up to June 2020.
Tengku Zafrul also said the Employees Provident Fund's (EPF) COVID-19 Assistance Program (e-CAP) for Employers had received 29,601 applications up to June 2020 with 6,500 applications were approved, representing RM42.9 million in terms of employer’s contribution, compared to RM34.8 million recorded one week ago.
-- BERNAMA
Bernama
Tue Jun 09 2020
Tengku Zafrul said applicants can check on the status of their application beginning today with payments will be made by the end of June.
Who is Prabowo Subianto, incoming president of Indonesia?
A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.