Malaysia drafting stimulus for tourism, retail and aviation after virus outbreak


Malaysia is crafting a stimulus package for tourism, retail and aviation industries due to the coronavirus outbreak, the Ministry of Economic Affairs said on Tuesday after a meeting chaired by Prime Minister Tun Dr Mahathir Mohamad.

KUALA LUMPUR: Malaysia is crafting a stimulus package for tourism, retail and aviation industries due to the coronavirus outbreak, the Ministry of Economic Affairs said on Tuesday after a meeting chaired by Prime Minister Tun Dr Mahathir Mohamad.

"Today's meeting discussed specifically the impact of the 2019 novel coronavirus outbreak on the country's economic growth," the ministry said in a statement.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
coronavirus , stimulus , tourism , retail , aviation

Next In Business News

Tech, financial stocks lead Bursa Malaysia rally
Kerjaya Prospek unit secures RM529.32mil contract to construct villa residences in Bukit Tunku
Pentech eyes 40% recurring revenue contribution in three years
Inflation expected to remain between 1.5% and 2.5% this year - Akmal Nasrullah
CIDB appoints Ahmad Farrin as new chief executive
Foreigners extend selling streak in Asia, reaching US$13.61bil total outflows - MBSB IB
Bursa Malaysia joins Asian rally as US-Iran reach peace deal
Improved market sentiment lifts ringgit at opening
Shares jump, oil skids in Asia on news of Gulf deal
Dollar hits 10-day low as US, Iran reach peace deal

Others Also Read