Malaysia considers stimulus package to deal with coronavirus
The Malaysian Government is evaluating the need for an economic stimulus package and is ready to launch measures to deal with the effects of the 2019 novel coronavirus if necessary, according to Finance Minister Lim Guan Eng.
Malaysia is considering a stimulus package to deal with coronavirus. (Photo: thestar.com.my)
Kuala Lumpur (VNA) – The Malaysian Government is evaluating theneed for an economic stimulus package and is ready to launch measures to dealwith the effects of the 2019 novel coronavirus if necessary, according to FinanceMinister Lim Guan Eng.
At a press conference on January 30, he said that it is important to focus andsupport the efforts and measures taken by the Health Ministry to keep peoplesafe and free from the virus.
Prior to the coronavirus outbreak, the government had already planned measuresto address the US-China trade war by introducing an economic stimulus package,and it may bring forward the package due to the virus outbreak.
Malaysia is a favoured destination among Chinesetourists, with around 2-3 million visiting each year. As the host of the APEC2020 meeting, Malaysia launched the “Visit Malaysia 2020” campaign to attract30 million foreign visitors this year.
The virus could affect the country’s target as well as its fiscal policy.However, Lim was waiting to adjust its fiscal policy, and still forecasteconomic growth for this year.
Malaysia has confirmed eight coronavirus cases, while 89 others who had closecontact with those infected have been placed under compulsory observation.
In a bid to prevent an outbreak, Malaysia has temporarily suspended visas forall residents of China’s Hubei province. Fourteen tourists from Wuhan, whoarrived in the country via Kuala Lumpur International Airport on January 28,were sent back home.
President Mahathir Mohamad said Malaysia stands ready to evacuate its citizensfrom Wuhan if Chinese authorities agree.
Sweden’s IKEA said on January 31 that it has temporarily closed all 30 storesin China because of the outbreak.
Around 14,000 Chinese employers will be on paid leave until further notice./.
Property giant CapitaLand and other Singapore firms have temporarily closed, shortened working hours or shut certain business activities at their malls in China, due to concern over the viral spread of coronavirus.
Three Vietnamese citizens returning from China's Wuhan city tested positive for coronavirus (nCoV) as of January 30 afternoon, bringing the total number of nCoV cases detected in the country to five, reported the Ministry of Health.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Malaysia is considering a stimulus package to deal with coronavirus. (Photo: thestar.com.my) 
