Malaysia to roll out new US$9.7 billion stimulus package - PM

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Malaysian Prime Minister Muhyiddin Yassin on Monday announced an additional 40 billion ringgit (US$9.70 billion) stimulus package, ahead of the ...

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Malaysian Prime Minister Muhyiddin Yassin on Monday announced an additional 40 billion ringgit stimulus package, ahead of the imposition of stricter lockdown measures this week to curb the spread of COVID-19.

FILE PHOTO: Malaysia's Prime Minister Muhyiddin Yassin speaks during opening remarks for virtual APEC Economic Leaders Meeting 2020, in Kuala Lumpur, Malaysia November 20, 2020. REUTERS/Lim Huey Teng/File PhotoKUALA LUMPUR: Malaysian Prime Minister Muhyiddin Yassin on Monday announced an additional 40 billion ringgit stimulus package, ahead of the imposition of stricter lockdown measures this week to curb the spread of COVID-19.

The package include a 5 billion ringgit fiscal injection, Muhyiddin said in a televised address. Malaysia's tighter curbs come into force on Tuesday.

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