Malaysia Unveils $9.7 Billion Aid Package as New Lockdown Begins
- Spending plan to help people, companies is third one this year
- Economists trim GDP estimates as most businesses set to close
Deserted streets during a nationwide Movement Control Order in Kuala Lumpur on May 25.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
Malaysia unveiled a 40 billion ringgit ($9.7 billion) package to help people and companies through the two-week nationwide lockdown that begins Tuesday.
The plan includes a 5-billion ringgit fiscal injection, Prime Minister Muhyiddin Yassin said in a televised address Monday. The package is aimed at boosting health-care capacity, increasing cash aid and ensuring businesses continuity, he said.