Malaysia, 24th September: The Malaysian government has announced plans to spend RM 2.4 billion (US$577 million) as part of its second wage subsidy scheme to assist companies that continue to be affected by the on-going COVID-19 pandemic.

Companies that have recorded a 30% or more decrease in revenues will be eligible to apply for the subsidies. The monthly wage subsidy will be RM 600 per employee for up to 200 employees for three months. New applicants, who have not received assistance earlier for the first wage subsidy programme, will be eligible to receive wage subsidies of up to six months.