capital.com (29.06.2021) Malaysia announced a MYR150bn ($36bn) economic aid package as the Southeast Asian nation continues to grapple with COVID-19 restrictions. The package has aspects such as direct cash transfers to citizens, assistance to small and medium enterprises and additional healthcare spending. The highlight of the aid package is MYR10bn of direct fiscal spending by the government for cash aid, unemployment assistance and wage subsidies. Specifically, the government will spend MYR4.6bn for direct cash transfers to people. The cash aid will benefit 11 million people and cover households with incomes less than MYR2,500 a month to households with incomes between MYR8,700 and MYR10,959 a month.
Malaysia announced a MYR150bn ($36bn) economic aid package as the Southeast Asian nation continues to grapple with COVID-19 restrictions. The package has aspects such as direct cash transfers to citizens, assistance to small and medium enterprises and additional healthcare spending. The highlight of the aid package is MYR10bn of direct fiscal spending by the government for cash aid, unemployment assistance and wage subsidies. Specifically, the government will spend MYR4.6bn for direct cash transfers to people. The cash aid will benefit 11 million people and cover households with incomes less than MYR2,500 a month to households with incomes between MYR8,700 and MYR10,959 a month.