Last Friday, the Prime Minister unveiled the new Package Prihatin/stimulus package in hopes of preserving the economy and mitigating unemployment. Some of the initiatives introduced in the package include tax instalment and EPF contribution deferrals, additional allocations to the Special Relief Facility and micro-credit financing for SMEs. But are these all working? Recently one of our previous guests on Open For Business, Joachim Sebastian, the Managing Director of Everpeaks wrote an open letter, titled "A Letter to Our PM from an SME" on his portal; we managed to speak to him about it.

Produced by: Jeff Sandhu

Presented by: Richard Bradbury, Arvindh Yuvaraj and Christine Wong

Download the BFM mobile app. Stay at home and stay up-to-date.

Tags:  COVID-19,  stimulus package,  SMEs,  caring package,  package prihatin,  Economy, Markets,  Entrepreneur interviews,  Personal Finance,  Personal Development,  Managerial Resources/Development,  Entrepreneur Resources/Development,  Business Analysis,  Trends and Forecasts,  Markets,  Personal Finance,  Investments,  Financial Literacy,  Young Finance,  Personal Development,  Entrepreneurship