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Malaysia announces 16.2 billion dollar stimulus package

By Tuesday March 10th, 2009 No Comments

KUALA LUMPUR, March 10, 2009 (AFP) – Malaysia’s government on Tuesday unveiled a stimulus package worth 60 billion ringgit (16.2 billion dollars) as it attempts to arrest the export-driven economy’s slide into recession.

“I am pleased to announce that the government will implement a stimulus package totalling 60 million ringgit,” deputy premier and finance minister Najib Razak told parliament.

“The package will be implemented over two years — 2009 and 2010,” he said. “The implementation of such a large stimulus package is unprecedented in the nation’s economic history.”

Source : AFP

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