Mahathir announces S$6.6b stimulus package for Malaysia's economy to alleviate impact of Covid-19
PUTRAJAYA — Dr Mahathir Mohamad made his first official act as the interim prime minister by announcing a RM20-billion (S$6.6 billion) stimulus package on Thursday (Feb 27) to brace the economy against the effects of the coronavirus disease (Covid-19) outbreak.
In a press conference on Thursday afternoon, Dr Mahathir commended the country’s health workers for successfully containing Covid-19 in Malaysia.
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PUTRAJAYA — Dr Mahathir Mohamad made his first official act as the interim prime minister by announcing a RM20-billion (S$6.6 billion) stimulus package on Thursday (Feb 27) to brace the economy against the effects of the coronavirus disease (Covid-19) outbreak.
In a press conference that was delayed as he continued meeting politicians this afternoon, Dr Mahathir commended the country’s health workers for successfully containing Covid-19 in Malaysia.
However, he said the disease has already taken a toll on the economy, reducing visitors to the country during a crucial Visit Malaysia Year 2020.
“Therefore, the government will introduce 2020 Economic Stimulus Package to ensure economic risks associated with the outbreak is effectively addressed.
“Various strategies have been formulated to ensure that Malaysian economy remains on strong foundations,” he said.
The package will have three main thrusts: mitigating impact of Covid-19, spurring people-centric economic growth, and encouraging quality investments in the country. MALAY MAIL
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