Malaysia announces another stimulus package to cope with COVID-19
The Malaysian government on April 6 unveiled an additional stimulus package worth 10 billion ringgit (2.3 billion USD) to support small- and medium-sized enterprises (SMEs) affected by the COVID-19 outbreak.
A banner calling on people to stay home in Kuala Lumpur, Malaysia (Photo: Xinhua/VNA)
Kuala Lumpur (VNA) - The Malaysian government on April 6 unveiled an additional stimuluspackage worth 10 billion ringgit (2.3 billion USD) to support small- andmedium-sized enterprises (SMEs) affected by the COVID-19 outbreak.
In a live televised address, Prime MinisterMuhyiddin Yassin noted that SMEs contributed to 40 percent of the economy,adding that it was therefore necessary to sustain the companies throughthese trying times.
Earlier, on March 27, the PM announced an economic stimuluspackage worth 250 billion ringgit, after the launch of the movement controlorder (MCO), which was initially effective from March 18 to 31, but later isextended until the end of April 14.
Malaysia is takingmeasures to contain the spread of COVID-19 in the community. By the end ofApril 5, Malaysia had recorded a total of 3,662 cases, including 61 deaths./.
The number of COVID-19 cases in Malaysia is expected to peak in mid-April and there are signs of a flattening of the infection curve, the World Health Organisation (WHO) said on April 2.
The Bank Negara Malaysia (BNM) said on April 3 that Malaysia’s economic growth could shrink as much as minus 2 percent to 0.5 percent this year as a result of COVID-19 pandemic.
The Ministry of Health of Malaysia announced on April 3 that the country recorded an additional 217 cases of COVID-19 in the last 24 hours, bringing its total number of confirmed cases to 3,333.
Indonesia on April 4 confirmed 106 new patients of the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19), bringing the total number in the Southeast Asian country to 2,092.
Malaysia on April 5 confirmed 179 new patients of the acute respiratory disease caused by the novel coronavirus SARS-CoV-2 (COVID-19), bringing the total number in the country to 3,662.
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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A banner calling on people to stay home in Kuala Lumpur, Malaysia (Photo: Xinhua/VNA) 
