Malaysia to roll out additional $3.7 billion stimulus measures - PM

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Malaysia will introduce 15 billion ringgit ($3.71 billion) worth of additional stimulus measures to support its pandemic-hit economy and fight COVID-19, Prime Minister Muhyiddin Yassin said on Monday.

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 Photo

Muhyiddin said strict curbs under the movement control order , which took effect on Wednesday, should not have as much of an impact on the economy compared to the last lockdown in March since more economic activities are allowed to continue. Public mobility and businesses ground to a near halt over six weeks between March and April after the government imposed strict coronavirus curbs, causing Malaysia’s economy to contract for the first time in more than a decade in the second quarter.

Banks will also extend a moratorium on loans and restructure repayment for individuals and businesses, while the government will expedite disbursement of cash aid to low income families and individuals and broaden the scope of a wage subsidy plan for employers.

 

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That's it.... I am deporting myself to Malaysia!..... Well..... 😊 I will wait to see what the real president is going to do to HELP the American people.

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It'll only end up lining the pockets of government officials, they are the very definition of a kleptocracy.

Why was Trump banned?

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