Noble initiatives to steer economic recovery

Datuk Snowdan Lawan

KUCHING: The Bantuan Khas Sarawakku Sayang (BKSS) 5.0 special assistance package is a reflection of the state government’s concern on the people’s welfare.

Youth and Sports Assistant Minister Datuk Snowdan Lawan said the RM405 million package would help alleviate the people’s burden amid the Covid-19 pandemic.

“This pandemic period along with flood occurrence in several places in the state had caused much hardship to their livelihood,” he said when contacted today.

He said initiatives in the form of discounts for electricity, water, assessment bills for broad sectors both private dwelling, commercial and industrial are meant to mitigate and lower expenses.

“Electricity and water subsidy will respectively cost the government RM166.2 million and RM31.5 million. Rental and land taxes are also given respective discounts of 50 percent and 30 percent.

“Exemptions cover small and medium enterprise (SMEs) renting government linked company (GLC) premises, trade licensing and permit to ease business flow as well for hoteliers and homestay operators,” he said.

The Balai Ringin assemblyman said, to further ease cash flow amongst SMEs, moratorium is provided until June 2021 for SPIKS (Skim Pinjaman Industri Kecil & Sederhana) under BKSS 5.0.

“This will allow these SMEs to continue operating and employing their staff. Deferment of land premium will assist large scale and commercial farming temporary cost deployment.

“These are noble government initiatives to drive our economy forward. It is hoped that these enablers will stimulate economic activities and reduce the dependency on government handouts,” Snowdan said.

Previous articleSarawak injects RM405 mln for BKSS 5.0
Next articleState government to implement own wage subsidy programme, asked SBF