Malaysia had announced a
RM35 billion stimulus package to help the economy recover from the impact of
the coronavirus outbreak. Prime Minister Muhyiddin Yassin added an additional
RM10 billion from the total in direct fiscal injections from the government. An
economist at Oversea-Chinese Banking Corp in Singapore said that compared to
the cumulative RM260 billion stimulus that was announced before, today’s RM35
billion additional packages does not seem as impressive. However, Malaysia is
doing considerably well with the previous RM260 billion economic stimulus
packages on March 27 and RM10 billion additional stimulus package on April 6.
- Bloomberg, 5 June 2020
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