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Malaysia announces over 57-bln-USD package to deal with COVID-19

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.
Malaysia announces over 57-bln-USD package to deal with COVID-19 ảnh 1Malaysia on March 27 announces an economic stimulus package worth 250 million RM  to deal with negative impacts of the COVID-19 pandemic (Source: AFP)

Kuala Lumpur (VNA) – Malaysian Prime Minister Muhyddin Yassin onMarch 27 announced an economic stimulus package worth 250 billion RM (57.5billion USD) to deal with negative impacts of the COVID-19 pandemic.

The package, which includes 128 billion RM for welfareprogrammes and 100 billion RM to support businesses including small and mediumenterprises, is meant to assist those who are most adversely impacted by theeconomic disruption from the COVID-19 outbreak.

“No one will be left behind,” said Prime Minister MuhyiddinYassin during the live telecast announcement.

He added that 10 billion RM in cash will be spent to support the lower and middle income groups.

The stimulus package is in addition to the 20 billion RMfiscal stimulus package announced on February 27.

By the end of March 26, the country reported 2,031 confimedinfections, including 24 deaths. The Government decided to extend the movementcontrol order to April 14, instead of March 31 as before./.
VNA
#COVID-19#Malaysian Prime Minister Muhyddin Yassin#Malaysia#250 billion RM#economic stimulus package#negative impacts#Vietnam#Vietnamplus#Vietnam News Agency
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