Malaysia announces 8.2-billion-USD plan for economic recovery
Malaysia announces 8.2-billion-USD plan for economic recovery
Malaysian Prime Minister Muhyddin Yassin (Photo:Bernama pic)Kuala Lumpur (VNA) – Malaysian Prime Minister Muhyddin Yassin on June 5 announced a short-term economic recovery plan worth 35 billion RM (8.2 billion USD), to help the country’s economy recover from the impact of the COVID-19 pandemic.
The plan, including 40 initiatives, mainly focuses on how to empower people, propel businesses and stimulate the economy.
Accordingly, the plan will give priority to supporting workers and small and medium-sized enterprises (SMEs) through training programmes, social support, financing schemes, boosting domestic consumption and supporting industries impacted by the outbreak and the movement control order (MCO).
This is the government’s third stimulus package to cushion the impact of the disease and its lockdown measures.
Muhyddin previously announced a 250-billion-RM (nearly 60 billion USD) financial support package to help local businesses promote production and business, stimulate consumption demand, and ensure social welfare for people.
On April 6, Malaysia approved an additional incentive package for SMEs worth 10 billion RM (2.3 billion USD).
The Malaysian Ministry of Health announced on the same day that the country recorded 19 more COVID-19 cases and one death, bringing the total of infections and fatalities to 8,266 cases and 16, respectively./.
You should also see
PM visits police command centre, checks cultural centre construction in Phu Tho
Prime Minister Pham Minh Chinh visited the command and control centre of the Phu Tho police and examined the construction of this northern province’s house of culture and arts on April 18.
See more
World
Thailand's Maha Songkran World Water Festival welcomes over 784,000 festival-goers
The Tourism Authority of Thailand (TAT) claims that the “Maha Songkran World Water Festival 2024”, held at Sanam Luang and Ratchadamnoen Avenue from April 11-15 is a great success with more than 784,000 participants.
World
Indonesia enhances vigilance against money laundering
Indonesian President Joko Widodo on April 17 called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.
World
Cambodia sees record number of tourists during traditional New Year holiday
Cambodia recorded almost 22 million domestic and international visitors travelling to different tourist destinations nationwide during the four-day traditional New Year holiday, from April 13 to 16.
World
Indonesia raises alert level to highest, warns of tsunami as volcano erupts
An airport in Madano city, the capital of Indonesia’s North Sulawesi province, has been ordered closed while hundreds of people evacuated and the alert level raised to the highest on April 18 due to large-scale volcanic eruptions of Mount Ruang.
World
ASEAN culture promoted in Mexico
Typical and diversified culture of ASEAN countries is being promoted at the ongoing ASEAN Week at the headquarters of Mexico’s Chamber of Deputies in Mexico city from April 15-19.
