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Nikkei Markets

Malaysia to re-assess needs to add to stimulus package

Economic council reestablished, will meet weekly to sharpen policy focus

Malaysia's Prime Minister Muhyiddin Yassin speaks during a news conference in Putrajaya.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia will re-examine a $4.75 billion stimulus package to assess whether any additional support is needed for the economy where prospective growth faces risks from a widespread coronavirus outbreak, the prime minister said Wednesday.

"Stimulus package that was announced by the previous government will be presented again after we review whether more can be added to the amount that was presented," Muhyiddin Yassin said at a news conference in Putrajaya. "We will relook at the details and in one week-to-two weeks, it will be presented."

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