Malaysia’s New Government to Re-Evaluate at the 2020 Economic Stimulus Package

The newly appointed Prime Minister (PM), Tan Sri Muhyiddin Yassin stated that the Government of Malaysia has agreed to review and revise the USD 4.8 billion 2020 Economic Stimulus Package (ESP), that was launched by Malaysia’s previous Government in February 2020.

The ESP was initially introduced to launch three strategies: manage the impact of COVID-19, promote quality investment in the country, and drive a people-focused economic growth.

The new PM stated that the reviewed ESP is expected to be presented within two weeks, aiming to restore investor confidence, as well as prioritise target segments in the economy.

Furthermore, he stated that the Cab...