Malaysia unveils additional $2.4 billion economic stimulus measures

Malaysian prime minister Muhyiddin Yassin announced on Wednesday an additional economic stimulus package worth 10 billion ringgit ($2.41 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic.

Malaysian prime minister Muhyiddin Yassin announced on Wednesday an additional economic stimulus package worth 10 billion ringgit ($2.41 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic. The program includes 7 billion ringgit in cash aid, assistance for small businesses, and a wage subsidy scheme, Muhyiddin said in a televised address.

The announcement comes as Muhyiddin faces a challenge from opposition leader Anwar Ibrahim, who on Wednesday said he had secured a strong majority in parliament to form a new government.