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Coronavirus

Malaysia adds $53bn of coronavirus stimulus as fiscal pressure mounts

Indonesia also in tight spot while Singapore and others have wiggle room

A worker sprays disinfectant at a closed Kuala Lumpur market. With a prolonged coronavirus lockdown choking the economy, the Malaysian government has introduced two rounds of stimulus.   © Reuters
P PREM KUMAR and DYLAN LOH, Nikkei staff writers | Malaysia

KUALA LUMPUR/SINGAPORE -- Malaysia announced a $53 billion coronavirus relief package on Friday afternoon, committing huge sums to help locked-down businesses and citizens weather the crisis.

Prime Minister Muhyiddin Yassin's stimulus far exceeds the $4.8 billion package announced by his predecessor, Mahathir Mohamad, in February.

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