Malaysia’s Muhyiddin unveils US$4.9 billion in fresh stimulus to aid coronavirus recovery

Malaysia’s Prime Minister Muhyiddin Yassin unveiled a fresh round of stimulus on Wednesday, in the hope of breathing life into a pandemic-hit economy that last year saw its worst contraction since the Asian Financial Crisis.Malaysia’s economy declined 5.6 per cent in 2020, its worst performance since a 7.4 per cent fall in 1998, as the government imposed strict movement curbs for most of the year to rein in the spread of Covid-19.Muhyiddin said the government would roll out 20 billion ringgit …

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