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Malaysia PM Muhyiddin unveils RM20 billion economic stimulus package Toggle share menu
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Malaysia PM Muhyiddin unveils RM20 billion economic stimulus package
Malaysia s Prime Minister Muhyiddin Yassin unveiling the Pemerkasa package on Mar 17, 2021. (Photo: Bernama)
17 Mar 2021 07:20PM) Share this content
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KUALA LUMPUR: Malaysian Prime Minister Muhyiddin Yassin announced a new economic stimulus package worth RM20 billion (US$4.8 billion) on Wednesday (Mar 17), one year after Malaysia first imposed a lockdown to curb the spread of COVID-19.
This is the sixth package unveiled since the start of the COVID-19 pandemic.
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Advertisement To revive economic activity, I am pleased to announce that the government will implement the Strategic Programme to Empower the People and Economy or Pemerkasa worth RM20 billion, with a new fiscal injection of RM11 billion from the government, Mr Muhyiddin said in
Govt subsidising almost 30 sen per litre for RON95, Diesel Muhyiddin 17 Mar 2021 / 23:01 H. Pix for representational purpose only.
KUALA LUMPUR: The government is subsidising almost 30 sen per litre for RON95 petrol and diesel, which are currently set at their respective ceiling prices of RM2.05 and RM2.15, said Tan Sri Muhyiddin Yassin.
The prime minister said the government had set the ceiling prices to protect consumers from the impact of fuel price hikes as based on current trend, world crude oil prices are expected to rise.
“This means that the government is subsidising a total of RM3 billion at the current price,“ he said in his special address on the Strategic Programme to Empower the People and the Economy (Pemerkasa) today.
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