Malaysia announces $58-billion stimulus package to cushion impact of coronavirus
About 128 billion ringgit will be spent on public welfare measures, with 100 billion used to support businesses
Police officers stand guard at an entrance of a market, during the movement control order due to the outbreak of the coronavirus disease (COVID-19), in Kuala Lumpur, Malaysia March 27,2020. Photo:Reuters
Malaysia will launch a stimulus package worth 250 billion ringgit ($58.28 billion) to counter the impact of a coronavirus pandemic, Prime Minister Muhyiddin Yassin said on Friday.
About 128 billion ringgit will be spent on public welfare measures, with 100 billion used to support businesses, Muhyiddin added.
