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Malaysia – Prime Minister $36 billion aid package amid extended lockdown (Reuters)

30 June 2021

Malaysia Prime Minister Muhyiddin Yassin this week announced a MYR 150 billion (USD 36.1 billion) aid package, including cash aid and wage subsidies, a day after extending a nationwide lockdown indefinitely to tackle a Covid-19 outbreak, reports Reuters. The latest aid package includes a fiscal injection of MYR 10 billion (USD 2.40 billion) from the government. The government will allocate an additional MYR 3.8 billion (USD 915.3 million) for a wage subsidy programme, and roll out more cash aid, loan moratoriums, tax breaks, grants, subsidies and other measures, Yassin said.