Malaysia to announce stimulus package next week to counter virus outbreak

Malaysia will announce a stimulus package next week to mitigate the economic impacts of the outbreak of the new coronavirus, the finance minister said on Friday.

Assistance will be given to the affected sectors, Minister Lim Guan Eng said in a statement. The government said on Tuesday the stimulus package would be earmarked for the aviation, retailing and tourism industries.

Prime Minister Mahathir Mohamad will announce the stimulus program on Feb. 27, Lim said.