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Malaysia unveils additional RM10 billion economic stimulus measures

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Malaysian prime minister Muhyiddin Yassin announced on Wednesday an additional economic stimulus package worth 10 billion ringgit (S$3.28 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic.

[KUALA LUMPUR] Malaysian prime minister Muhyiddin Yassin announced on Wednesday an additional economic stimulus package worth RM10 billion (S$3.28 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic.

The programme includes RM7 billion in cash aid, assistance for small businesses and a wage subsidy scheme, Mr Muhyiddin said in a televised address.

The announcement comes as Mr 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.

REUTERS

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