The Malaysian government decided to strengthen a stimulus package worth up to $ 58 billion, in an effort to support the economy, which was negatively affected by the outbreak of corona.
"The government will support the economy with a stimulus package worth 250 billion Malaysian regents (58 billion dollars)," Malaysian Prime Minister Mohiuddin Yassin said Friday in a tweet posted on Twitter.
This figure includes a 20 billion ringgit package announced by the previous government of the country last month.
The Prime Minister stated: "We are a nation at war with hidden powers, and the situation we are facing now is unprecedented in history."
In a letter addressed to the Malaysian people, he said: "This government that you voted for may not be for me, but I want all of you to know that this government is interested in you."
Among the incentive measures announced today, 50 billion ringgit to support capital loans, 10 billion ringgit in the form of one-time payments to individuals and families with low to middle income and one billion ringgit to ensure a full food supply, in addition to providing discounts of up to 50 percent on the electricity tariff for 6 Months.
The Malaysian government has also extended the national closure until April 14, as the country is struggling with the largest number of casualties in Southeast Asia, and the army has been deployed to ensure people remain in their homes, while travel abroad is prohibited with schools and most companies closed since March 18. Ongoing.
Malaysia's decision came after Singapore announced $ 33 billion in fiscal stimulus yesterday, and India pledged a $ 23 billion spending plan to support the poor and tackle the effects of the epidemic.
The number of injuries after "Covid-19" in Malaysia reached 2031 people, with 24 deaths so far.
By 9:39 am GMT, the Malaysian currency was lower against the US dollar by about 0.3 percent, at 4.3442 ringgit.