Malaysia announces $36b stimulus package as lockdown extended

Malaysia government

Malaysia’s government has announced a RM150 billion ($36.1 billion) stimulus package, its fourth this year, to offset the impact of an indefinite lockdown.

The country’s lockdown, in place since June 1st, was to have ended Monday. However, the country’s new case load on Saturday was 5,803, well above the 4,000 threshold set for further easing.

The stimulus plan includes a direct RM10 billion cash disbursement to citizens by the end of the year and an automatic approval for a six-month moratorium on loan repayments.

Business Times