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The much-awaited economic stimulus package, which was unveiled by Datuk Seri Dr Mahathir Mohamad yesterday, has four main strategies and 90 measures and aims to generate economic activities by mobilising domestic sources of growth, boosting consumption and encouraging investments.
THE larger-than-expected 75 basis points cut in the overnight policy rate by Bank Negara Malaysia on Jan 21, plus the International Monetary Fund's sharp downgrade of its 2009 global economic growth forecast to 0.5% on Jan 28 injected a heavy dose of reality into the present state and outlook of the global and local economies.
Local tourism stakeholders have welcomed the 2020 Economic Stimulus Package that was recently unveiled, which will help mitigate the impact to the tourism industry that has been severely affected by the Covid-19 coronavirus outbreak.
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce the economic stimulus package on Thursday, Feb 27 to mitigate the impact of the Covid-19 outbreak.
KUALA LUMPUR: The Government has no plans to introduce additional stimulus package but it is confident of achieving a 5% economic growth next year, said Minister in the Prime Minister's Department Tan Sri Nor Mohamed Yakcop.
TOKYO: Japanese Economics Minister Akira Amari was hospitalised on Monday for tests, but his absence will likely not disrupt the crafting of an economic stimulus package, the government said.
PETALING JAYA: Interim Prime Minister Tun Dr Mahathir Mohamad will decide on the announcement of the economic stimulus package to mitigate the impact of the Covid-19 outbreak on the country's economy, says former Finance Minister Lim Guan Eng.
PETALING JAYA: Interim Prime Minister Tun Dr Mahathir Mohamad will decide on the timing of the announcement of the economic stimulus package to mitigate the impact of the Covid-19 outbreak, says former Finance Minister Lim Guan Eng.