Stimulus package hinges on coronavirus duration, Lim says


A pedestrian wearing a face mask walks along a street in the Chinatown neighborhood of New York, U.S., on Wednesday, Feb. 5, 2020. Just a couple of weeks ago, scientists held out hope the new coronavirus could be largely contained within China. Now they know its spread can be minimized at best, and governments are planning for the worst. Photographer: Stephanie Keith/Bloomberg

BUTTERWORTH: The Finance Ministry (MOF) will be looking at the estimated duration of the impact from the 2019 novel coronavirus (2019-nCoV) outbreak before determining the amount for the stimulus package to assist the affected sectors.

Minister Lim Guan Eng said the MOF will be obtaining the Health Ministry’s input in terms of the estimated duration of the outbreak and its effects.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

MICCI urges govt to reduce cost and uncertainty in doing business
Malaysia must ensure data centre gowth delivers measurable economic spillovers
PETRONAS Carigali, partners secure new PSC for MTJDA BLOCK A-18-01
Bursa Malaysia up 0.42% at midday on bargain-hunting
Bintulu Port officially transitions from Federal port to state port
Tan Chong Motor Assemblies, Perodua sales ink battery project agreement
Kelington unit lands India contract with provisional value of RM1.83bil
Kerjaya Prospek unit secures RM37.82mil works contract
MRCA proposes stricter cross-border e-commerce policies in Budget 2027
Oil prices up over 3% following new strikes on Saudi, Strait of Hormuz

Others Also Read