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World

Malaysia unveils extra $8bn economic stimulus package

  • Muhyiddin Yassin said in a televised address that 10 billion ringgit would be direct fiscal injection from the government.
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KUALA LUMPUR: Malaysia's prime minister unveiled an additional economic stimulus package worth 35 billion ringgit ($8.22 billion) on Friday in a bid to revitalise industries badly hit by the coronavirus pandemic.

Muhyiddin Yassin said in a televised address that 10 billion ringgit would be direct fiscal injection from the government.

The measure comes on top of incentives worth 260 billion ringgit announced earlier.

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