News about economy

KUALA LUMPUR (March 27): The updated COVID-19 economic stimulus package by the federal government “leaves no one behind”, said Prime Minister Tan Sri Muhyiddin Yassin, which includes, for the first time, a one-off financial aid for the middle income group (M40).

KUALA LUMPUR (March 27): In a bid to ensure food security during the Movement Control Order (MCO) period, the government has announced an RM1 billion allocation for the nation’s food security fund.

KUALA LUMPUR (March 27): Several measures were announced by the government that were targeted at civil servants, public sector contract workers, as well as pensioners.

KUALA LUMPUR (March 27): The government will be focusing on domestic investment activities that have high multiplier effects and can create jobs, said Prime Minister Tan Sri Muhyiddin Yassin in a speech today.

KUALA LUMPUR (March 27): Malaysia is setting aside RM1 billion more from its economic stimulus package announced today for its Health Ministry to procure more medical equipment as well as healthcare services from the private sector to combat the coronavirus pandemic.

KUALA LUMPUR (March 27): Prime Minister Tan Sri Muhyiddin Yassin has announced measures that will lighten three commitments that employers face to address the cash flow constraint that is weighing on businesses that have been affected by the COVID-19 outbreak.

KUALA LUMPUR (March 27): The government will subsidise RM600 for each worker earning below RM4,000 for three months, applicable to companies whose income has halved since January, said Prime Minister Tan Sri Muhyiddin Yassin.

KUALA LUMPUR (March 27): The government is allocating RM250 billion for a stimulus package to counter the threat of the COVID-19 pandemic to its economy, which includes the RM20 billion it previously announced in late February.

KUALA LUMPUR (March 27): The Economist's Intelligence Unit, following the COVID-19 outbreak, revised its growth forecasts for all countries across the world.

KUALA LUMPUR (March 27): Eleven members of the Association of Banks Malaysia (ABM) will contribute RM10 million to fight against the COVID-19 pandemic.