NEWS

Another RM45b stimulus package needed to battle recession - Guan Eng

16 Ogs 2020, 8:35 pagi

Updated a month ago

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Former finance minister Lim Guan Eng today urged the government to introduce another round of economic stimulus package to prevent deflation.

The call was made following Bank Negara's announcement on Friday that Malaysia recorded 17.1 percent GDP contraction in the second quarter of 2020, which is the worst since the 1998 economic recession.

In a statement, Lim suggested that the government spends another RM45 billion to battle the economic recession caused by the Covid-19 pandemic, including financial aid to small and medium enterprises.

The moratorium on bank loans which expires this Sept 30 should also...

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