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Malaysia unveils economic stimulus package

Malaysia’s interim Prime Minister Mahathir Mohamad on February 27 announced an economic stimulus package worth 20 billion RM (4.7 billion USD) to mitigate the economic impact of the COVID-19 outbreak.
Malaysia unveils economic stimulus package ảnh 1Malaysia’s interim Prime Minister Mahathir Mohamad (Photo: AFP/VNA)

Kuala Lumpur (VNA)
- Malaysia’s interim PrimeMinister Mahathir Mohamad on February 27 announced an economic stimulus packageworth 20 billion RM (4.7 billion USD) to mitigate the economic impact ofthe COVID-19 outbreak.

He said the stimulus package is targeted at tackling the impact of theoutbreak, catalysing people-based growth, and encouraging quality investment.

To promote the domestictourism industry, the Government will introduce personal income tax relief ofup to 1,000 RM on expenditure related to domestic tourism.

Mahathir said all Malaysianswill be eligible to digital vouchers for domestic tourism of up to 100 RM perperson for domestic flights, rails and hotel accommodations.

The Government will also give a one-off paymentof 600 RM each to taxi drivers, tourist bus drivers, tour guides and registeredtrishaw drivers.

As a sign ofappreciation to those in the front line protecting Malaysia from the contagion,Government staff directly involved in the containment efforts will be eligiblefor a special monthly allowance of 400 RM for medical doctors and other medicalpersonnel, as well as 200 RM for immigration and related front line staffcommencing February 2020 until the end of pandemic./.

VNA

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