Malaysia ramps up support for virus-hit economy to RM250b

Among the measures announced are RM50b to guarantee working capital loans; RM1b to ensure sufficient food supply

Published Fri, Mar 27, 2020 · 09:50 PM

Kuala Lumpur

MALAYSIA announced billions of dollars in fresh support for an economy punished by the coronavirus pandemic.

Prime Minister Muhyiddin Yassin said Friday the government was unveiling RM250 billion (S$82.4 billion) in support for the economy. That figure includes a RM20-billion package announced last month by the previous government, as well as other measures presented since then, he added.

"We are a nation at war with invisible forces. The situation we are now facing is unprecedented in history," Mr Muhyiddin said. "This government may not be the…