Wednesday, 21 Oct 2020

Malaysia unveils additional $3.3 billion Covid-19 economic stimulus measures

KUALA LUMPUR (REUTERS) – Malaysian prime minister Muhyiddin Yassin announced on Wednesday (Sept 23) an additional economic stimulus package worth RM10 billion (S$3.29 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic.

The programme includes RM7 billion in cash aid, assistance for small businesses and a wage subsidy scheme, Tan Sri Muhyiddin said in a televised address.

The announcement comes as Mr Muhyiddin faces a challenge from opposition leader Anwar Ibrahim, who on Wednesday said he had secured a strong majority in parliament to form a new government.

This is a developing story.

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