Malaysia unveils economic stimulus package

Malaysia’s interim Prime Minister Mahathir Mohamad on February 27 announced an economic stimulus package worth 20 billion RM (4.7 billion USD) to mitigate the economic impact of the COVID-19 outbreak.
Malaysia unveils economic stimulus package ảnh 1Malaysia’s interim Prime Minister Mahathir Mohamad (Photo: AFP/VNA)

Kuala Lumpur (VNA)
- Malaysia’s interim PrimeMinister Mahathir Mohamad on February 27 announced an economic stimulus packageworth 20 billion RM (4.7 billion USD) to mitigate the economic impact ofthe COVID-19 outbreak.

He said the stimulus package is targeted at tackling the impact of theoutbreak, catalysing people-based growth, and encouraging quality investment.

To promote the domestictourism industry, the Government will introduce personal income tax relief ofup to 1,000 RM on expenditure related to domestic tourism.

Mahathir said all Malaysianswill be eligible to digital vouchers for domestic tourism of up to 100 RM perperson for domestic flights, rails and hotel accommodations.

The Government will also give a one-off paymentof 600 RM each to taxi drivers, tourist bus drivers, tour guides and registeredtrishaw drivers.

As a sign ofappreciation to those in the front line protecting Malaysia from the contagion,Government staff directly involved in the containment efforts will be eligiblefor a special monthly allowance of 400 RM for medical doctors and other medicalpersonnel, as well as 200 RM for immigration and related front line staffcommencing February 2020 until the end of pandemic./.

VNA

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.