BUSINESS

PERMAI INITIATIVES WILL SUPPORT BUSINESSES, SAFEGUARD JOBS - RAMSSOL GROUP

22/01/2021 12:23 PM

KUALA LUMPUR, Jan 22 -- The various grants, loans and one-off payment initiatives contained in the Malaysian Economic and Rakyat's Protection Assistance Package (PERMAI) will help the small and medium enterprises (SMEs) achieve workforce stability and enable them to gain ground towards business sustainability.

Group managing director and chief executive officer of RAMSSOL Group, Cllement Tan, said the initiatives such as the extension of the loan moratorium and Wage Subsidy Programme involving 250,000 employers and 2.6 million employees would certainly provide the financial support needed to retain current employment.  

"These initiatives are a welcomed relief, especially for low-income households and affected businesses particularly SMEs.

“As an established SME player, RAMSSOL Group believes PERMAI is timely as the assistance could help sustain businesses in the short term, especially SMEs and entrepreneurs in the Movement Control Order (MCO) zones," he said in a statement today. 

He said PERMAI will assist and protect the well-being of the business community and the people as a whole, as the comprehensive set of initiatives that is applicable to multiple sectors would allow them to grab and seize different opportunities available during the MCO period.    

Last Monday, Prime Minister Tan Sri Muhyiddin Yassin unveiled PERMAI, a RM15 billion aid package to ease the people’s burden and ensure economic resilience at a time when the country is grappling with the COVID-19 pandemic.

The aid package contains 22 initiatives to combat the pandemic, safeguard the welfare of the people and support business continuity.

-- BERNAMA

 


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