Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy.
Indonesia and Malaysia have recorded a surge in the number of COVID-19 cases with more than 100 new patients confirmed in 24 hours as of March 28 noon.
Malaysian Prime Minister Muhyddin Yassin on March 27 announced an economic stimulus package worth 250 billion RM (57.5 billion USD) to deal with negative impacts of the COVID-19 pandemic.
Malaysian Prime Minister Muhyiddin Yassin on March 25 decided to extend the movement control order (MCO) from March 31 to April 14, as new COVID-19 cases in the country continue to rise.
The Malaysian government has allowed banking borrowers, including individuals and small and medium sized enterprises (SMEs), in the country to delay the repayment of their existing loans for a period of six months.
Indonesia and Malaysia are doubling efforts to contain the spread of the novel coronavirus SARS-CoV-2 as the numbers of infections and deaths have been increasing in recent days.
Indonesian Foreign Minister Retno Marsudi engaged with her Malaysian counterpart Hishammuddin Hussein through a video conference on March 20, discussing the need for the two neighboring countries to maintain close collaboration amid the global COVID-19 pandemic.
Only 60 percent of Malaysians complied with the movement control order (MCO) that came into effect on March 18 to cope with the COVID-19 outbreak, Freemalaysiatoday reported.
Malaysia has cancelled the ongoing Visit Malaysia 2020 campaign in light of the COVID-19 outbreak, Malaysian Tourism, Arts and Culture Minister Nancy Shukri said on March 18 evening.
Malaysia has recovered 1.4 billion ringgit (323 million USD) stolen from the country’s development fund 1MDB, Prime Minister Muhyiddin Yassin's office said on March 17.
A series of meetings of the Asia-Pacific Economic Cooperation (APEC) forum scheduled for April in Malaysia will be postponed till June due to the COVID-19 outbreak.
Malaysia has postponed a three-day meeting of finance and central bank officials from APEC countries that was scheduled for March 17-19 because of the COVID-19 outbreak, a government spokesperson said.
World
World
