Malaysia announces $58-billion stimulus package to cushion impact of coronavirus
Coronavirus chronicle
27 March, 2020, 02:30 pm
Last modified: 27 March, 2020, 02:35 pm
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.
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