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Covid-19 patient no. 53: Suggestions to alleviate taxpayers’ burden

March 24, 2020

The Edge Markets

KUALA LUMPUR (March 24): On March 23, 2020, the Prime Minister announced some immediate measures to relieve the burden of the rakyat in light of the ongoing movement control order (MCO). For instance, the availability of RM500 a month for the next 12 months from the EPF’s i-Lestari account will not only supplement the income of many lower income and working class families, it will also boost the economy, especially small businesses, as 12 million people are expected to spend about RM40 billion worth of withdrawals during this period.

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