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Malaysia unveils $3.7 billion COVID-19 relief package

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/01/2021 (13:34)
According to several media outlets, Malaysia’s Prime Minister Muhyiddin Yassin announced an aid package worth RM15 billion ($3.7 billion) on Monday to mitigate the impacts of a fresh surge in COVID-19 cases. This came a week after the nation declared state of emergency on January 12 due to increasing COVID-19 cases.

The package mainly focuses on protecting the welfare of the public and businesses during the pandemic as well as containing the spread of the second-wave around the nation.

Accordingly, the country will invest in the national vaccination program and strengthen the healthcare system by hiring more workers. It also plans to continue the reduction of loan instalments and extend the tax relief period for some goods in a bid to support its citizens, media sources added.

For businesses, a special 10% discount in electricity bills will be offered for six main sectors starting from January to March, Muhyiddin Yassin reportedly announced.
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