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Malaysian government reviews economic stimulus package

The Malaysian government has agreed to review the economic stimulus package was launched by the previous government in late February.
Malaysian government reviews economic stimulus package ảnh 1Malaysian Prime Minister Muhyiddin Yassin (seated, centre) poses with ministers before chairing the first new cabinet meeting (Photo: Bernama)

Kuala Lumpur (VNA) – The Malaysiangovernment has agreed to review the economic stimulus package which was launched bythe previous government in late February.

Prime Minister Muhyiddin Yassin said thereviewed stimulus package would ensure target segments are given priority andrestore investor confidence.

Speaking in a press conference afterchairing his first Cabinet meeting on March 11, he said the Cabinet has agreedfor the stimulus package to be re-presented and reviewed to see if the previousamount of 20 billion ringgit (4.7 billion USD) can be adjusted.

He said the Finance Minister would reviewthe package, adding that the review would be launched in one to two weeks’time.

The 2020 Economic Stimulus Package wasannounced on February 27 by former Prime Minister Mahathir Mohamad to safeguardthe economy from impact of the COVID-19 outbreak.

A special fund has been launched to helpease burdens of those infected by the epidemic. Muhyiddin said the governmenthad agreed to contribute 1 million ringgit to the fund./.
VNA
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