ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

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

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more