Malaysia announces $58-billion stimulus package to cushion impact of coronavirus

FAN Editor
Malaysia's Prime Minister Muhyiddin Yassin speaks during his cabinet announcement in Putrajaya
FILE PHOTO: Malaysia’s Prime Minister Muhyiddin Yassin speaks during his cabinet announcement in Putrajaya, Malaysia March 9, 2020. REUTERS/Lim Huey Teng

March 27, 2020

KUALA LUMPUR (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.

(Reporting by Joseph Sipalan; Editing by Clarence Fernandez)

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