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This alert follows our earlier client alert on the Restriction of Movement Order – Guidelines as at 24 March 2020. In view of the unprecedented outbreak of COVID-19 and its impact on the Malaysian economy, on 27 March 2020, the Prime Minister of Malaysia announced the details of the PRIHATIN Rakyat Economic Stimulus Package (PRIHATIN Package) with a focus on preserving the welfare of Malaysian citizens, supporting businesses and strengthening the economy. The PRIHATIN Package is an extension of the:

(a) Economic Stimulus Package (February ESP) announced by the then Prime Minister of Malaysia, Tun Dr Mahathir, on 27 February 2020; and

(b) additional measures for the Economic Stimulus Package announced by the Prime Minister of Malaysia on 16 March 2020 and 23 March 2020 (Additional Measures).

In aggregate, the PRIHATIN Package announced by the Government of Malaysia (Government) is valued at RM250 billion (compared to the Economic Stimulus Package for the global financial crisis of 2007 – 2008 valued at RM67 billion). This represents approximately 18% of Malaysia’s gross domestic product in 20192. The Ministry of Finance will implement the PRIHATIN Package through the Unit for the Implementation and Coordination of National Agencies on the Economic Stimulus Package (Laksana).


Ee Von Teo is a partner in the Corporate, Commercial & Securities Practice Group of Wong & Partners. Ee Von is an experienced partner in the area of M&A and has worked on numerous award-winning deals across the years. She was also awarded Young Lawyer of the Year by the Asian Legal Business Malaysia Law Awards 2017, and recognized in the Asian Legal Business' 40 under 40 list of leaders in 2018. Ee Von has been recognized as a Notable Practitioner by IFLR1000 since 2018, and clients commend her for being "excellent."
She is a frequent speaker and moderator on the Malaysian corporate landscape and legislation at international conferences, including those organized by the American Chamber of Commerce (AMCHAM).