On 1 May 2020 the PM announced that the MCO has been sucessfull in flatenning the Covid-19 infection curve. This welcome news was followed by an announcement to open up the social and economic life of the country. Some industries however will continue to be closed and certain social gatherings and events will remain prohibited.
The Government has launched a wage subsidy program to assist businesses who are facing challenging times as a result of the MCO. The wage subsidy will be administered by SOCSO.
In view of the extension of the MCO, Accsys will be remain closed. We believe the various Government Department would soon be announcing to the revised dates for submission and payments of the varying statutory obligations.
The MCO has severely impacted businesses particularly SME’s who are experiencing significant slowdown of business. This has impacted the cash flow and many SME’s will now face the challenge of meeting their financial obligations. To assist these SME’s, EPF has recently launched the e-CAP program. Details of this program as explained on the EPF website is as follows: