Following the global outbreak of the Coronavirus Disease 2019 (COVID-19) in early 2020, the interim Prime Minister of Malaysia, Tun Dr. Mahathir Mohamad, announced, on 27 February 2020, the Economic Stimulus Package 2020 to mitigate the economic impact of COVID-19 and reinvigorate economic growth in Malaysia. The Package introduces several measures to improve the cashflow of affected businesses, stimulate private consumption and accelerate domestic investment activities.
Source EY
