Measures unveiled in wake of slowdown ahead of Budget

Shot in the arm: Najib speaking to leaders and the media after attending the Economic Council meeting in Putrajaya.

PETALING JAYA: Less than a month before Budget 2016 is announced, the Government has unveiled measures amounting to more than RM28bil as short and medium term initiatives to keep the momentum of the economy going in the wake of a global slowdown.

The initiatives, which Prime Minister Datuk Seri Najib Tun Razak described as proactive measures to protect the economy from external factors, were targeted at various sectors – from the capital markets to tourism and small and medium enterprises (SMEs).