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PETALING JAYA: Uncertainties arising from the large-scale disruptions to economic activity due to the Covid-19 pandemic, has resulted in the World Bank slashing Malaysia’s 2020 GDP growth projection to negative 0.1%.
PETALING JAYA: Rating agencies expect Malaysia’s sovereign credit ratings to remain intact as the government is set to undertake a mega spending spree to support the flailing economy
KUANTAN: The state government will continue with its eight initiatives to assist the people of Pahang and complement the Federal Government’s Prihatin Rakyat economic stimulus package.
HEALTH inspectors with Klang Municipal Council (MPK) have ordered its workers to disinfect public places using a bleach-based solution to stem the transmission of Covid-19.
The coronavirus (Covid-19) outbreak, which has been declared a pandemic, has resulted in considerable economic disruption and human suffering.
PETALING JAYA: A group of pro-civil rights individuals want the government to convene an emergency Parliament sitting to review the RM250bil stimulus package due to the Covid-19 situation.
To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
Stimulus package targeted at reducing people’s burden
The stimulus package shows the gravity of the situation faced in Malaysia and the rest of the world.