PM to announce new stimulus package next week as Covid-19 batters economy
Friday, 14 Feb 2020 05:14 PM MYTPrime Minister Tun Dr Mahathir Mohamad delivers his keynote address during the launch of the National Reading Decade at Universiti Kebangsaan Malaysia, Bangi February 13, 2020. ― Picture by Shafwan Zaidon
Finance Minister Lim Guan Eng said the package will be announced by Prime Minister Tun Dr Mahathir Mohamad with the primary aim of mitigating the adverse effects of the virus known as Covid-19, adding that it is neither a new budget nor part of Budget 2020 measures. “Cashflow is the principal concern and affected companies must ensure they remain viable, operational and capable of reaping the benefits when the economic rebound takes place.
Lim said to do so, this meant keeping the domestic labour market resilient while ensuring Malaysia’s soft and physical infrastructure remain in place amid the short-term weakened demand.
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