Malaysia News

Wage Subsidy Program 2.0


  • For Malaysian
  • Monthly salary ≤ RM 4,000.00
  • Existing employers who are receiving WSP SHALL apply WSP2.0 since 1st October 2020
  • Register betwwen: 1 October 2020 to 31 December 2020
  • Effective period: 3 months (Existing) or 6 months (New application)
  • Employers and employees must register or contribute to Perkeso before 1 September 2020 雇员及雇主需要在9月1号之前呈报Perkeso
  • Registered with SSM or other local authorities before 1 September 2020 于2020年9月1号之前成立
  • Shall retain employees whose monthly salary not more than RM4,000 for 6 months 6个月内不能解雇薪水不高于RM4,000的员工
  • Employees who are receiving hiring incentive NOT entitled to WSP 受惠于招聘激励的员工不能申请工资补贴
  • Employer no need to apply every month but will only need to update the employee's eligibility information in the system before 15th of the month (if any) 雇主不需要每个月提交新的申请,只需在该月的15号前在系统更新受惠员工资料(若有)
  • If fulfil the requirements and conditions, employer can apply for those employees rejected by Perkeso before as they do not register or contribute SOCSO before 1 April 2020. The subsidy will only release for 3 months only.
  • Supporting documents:
    • List of employee names;
    • Employer's bank account information (Copy of Bank Statement cover only);
    • Business Registration Number (BRN) information registered by the employer at the time of opening the bank account;
    • Copy of SSM / ROS / ROB / Professional, Scientific or Technical Services / Business License authority; and
    • PSU2.0 Account Declaration
  • Submit via since 1st October 2020
  • Company Size

    1 – 75 Employees

    76 – 200 Employees

    >200 Employees


    RM600 per eligible employee

    Drop in Revenue

    Decreasing at least 30% revenue compare with the same months in the year 2019 after implementation of RMCO

  • ** The definition of Enterprise Size is based on the total number of Malaysian and non-citizen workers 雇员数量包括外籍员工
  • Submit a table showing comparison between year 2019 and the same month in the year 2020

BPN2.0 and GKP2.0

Malaysia government has announced Kita Prihatin on 23 September 2020. GKP2.0 and BPN2.0 are part of the benefits.


  • GKP 2.0 is a one-off financial assistance amounting to RM3,000 to micro & Medium Enterprises (SMEs) who are qualified to ease the financial burden of business while increasing productivity and production productivity.
  • Application period: 1st October 2020 to 31st October 2020
  • Result: 15th November 2020
    • NOT a previous GKP recipient;
    • Applicants must have Malaysian citizenship status;
    • Applicants running Small & Medium Companies
    • Total annual sales or turnover is less than RM300,000; and
    • The number of full-time employees does not exceed 4 people, excluding owners; and
    • Registered with the following agencies;
      • Inland Revenue Board of Malaysia (IRBM) before or on 31 August 2020; or
      • Local Authorities (PBT) or Companies Commission of Malaysia (SSM) before or on 31 August 2020
    • Still active in running the business when the application is made


  • Recipients: BPN 2.0 recipients are recipients who have received the last payment of BPN 2020 before.
  • Application: Do not need to apply for BPN 2.0 if you have received the last payment of BPN 2020 before. New application can be made from 15th October 2020
  • Update: Updating bank account information is NOT allowed because the BPN 2.0 payment method is same as the last BPN 2020 payment method before
  • Bank Account Closed or Inactive: Payment method: cash claim at BSN branch
  • Category


    Payment Phase


    Phase 1

    Phase 2








    RM4,001 – RM8,000











    RM2,001 – RM4,000




Incentive 90


SSM offers 90% reduction on the original value of compounds imposed for those companies who are applying strike off under Section 549 or Section 550 of Companies Act 2016.

Period: 17/08/2020 to 31/12/2020

SME Certificate Malaysia


  • SME Criteria:
    • Manufacturing sector: sales turnover not exceeding RM50 million OR number of full-time employees not exceeding 200.
    • Services and other sectors: sales turnover not exceeding RM20 million OR number of full-time employees not exceeding 75
  • Full time employees: Including all paid workers working for at least 6 hours a day and 20 days a month; or at least 120 hours a month (including foreign and contract workers)
  • The word ‘OR’ means a business will only need to satisfy either one of the criteria: sales turnover or number of employees
  • If a business exceeds the threshold for 2 consecutive years (base on financial year) then it is no longer an SME
  • Similarly, a business that is previously large can become an SME if it fulfils the qualifying criteria for 2 consecutive years
  • Register as SME:
  • SME registration during 01/03/2020 to 31/12/2020 is FREE but the certificate is only valid for ONE year

SME Digitalisation Initiative


  • Features
    • Grant amounting up to 50% or a maximum of RM 5,000 from total invoice amount.
    • Great deals on digital solutions from a wide list of panels endorsed by MDEC.
    • Wide range of digitalization areas:-
      • Electronic Point of Sales (e-POS) System
      • Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
      • Digital Marketing / Sales
      • Procurement
      • Enterprise Resource Planning (ERP) / Accounting & Tax
      • eCommerce
      • Remote working
  • Eligibility
    • The Company is at least 60% owned by Malaysians
      • The Company is registered under the relevant laws of Malaysia
      • The Company has been in operation for at least one (1) year
      • Company operation in one ( 1 ) year, company required to have a minimum annual sales turnover of RM 100,000
      • Company operation > two (2) years, company required to have a minimum annual sales turnover of RM 50,000 (preceding two (2) consecutive years)
  • Required Documents
    • Completed SME Digitalisation Initiative Application Form
    • Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), whichever is applicable.
    • Copy of business registration licenses (CCM, Form A/B, Form 24 & 49 and M&A or any similar forms under the Companies Act 2016).
    • Audited financial statement for the last financial year and the latest management account or evidende of sales turnover (if any).
    • Company’s bank statement for the last two (2) months.
    • Company’s profile (if any).
    • Invoice/billing and service agreement from authorized vendor listed by MDEC.
  • How to Apply
    • The Company must contact and appoint one or more panel of Service Providers to perform any of the digitalisation services available (maximum of 3 panels).
    • The Company must complete and submit the application form together with the required supporting documents to any of the Bank's branches.
    • Once the application is approved, the Company is responsible to pay the difference of the total invoice after deducting the subsidized amount granted from the Initiative and to provide proof of payment to any of the Bank’s branches.
    • After proof of payment is provided, subject to the total invoice amount, the Bank will make a direct 50% payment of the total invoice amount or up to RM 5,000.00 to the Service Provider in one lump sum payment or in stages based on the Bank’s discretion.