Guan Eng: Govt ready to step in with stimulus package if the need arises

Last updated on May 6th, 2021 at 06:40 am

KUALA LUMPUR: According to Finance Minister Lim Guan Eng, the government is ready to step in with a stimulus package if the need arises, although it is too early to assess the impact of the 2019 novel coronavirus on the economy.

At this time, it is still early for the government to take action as it needs to study and analyse its impact on the economy,“ he said.

“What is important now is to focus on and support the efforts and measures undertaken by the Ministry of Health to keep Malaysians safe and free of the virus,” he said in a press conference here. According to reports, Malaysia now has has seven confirmed coronavirus cases, all of which involved Chinese nationals.

Desk Writer

Spends most of the time reading news all around the world. Strong knowledge and understanding of the current situation and happenings in the ASEAN region.

Recent Posts

STI’s Sudden Slowdown: What Singapore’s Market Pullback Reveals About Global Risk Mood

A​‍​‌‍​‍‌​‍​‌‍​‍‌ Market Catching Its Breath The Singapore market turned noticeably quieter after the Straits Times Index (STI) went down, reflecting…

December 6, 2025

Waves of Power: Decoding China’s Bold Fleet Deployment Across East Asian Seas

In​‍​‌‍​‍‌​‍​‌‍​‍‌ response to a sudden and highly visible spike in strategic naval operations, the attention of the world has been…

December 5, 2025

Rising Regional Tensions: How Naval Build-Up Near Taiwan and Japan Is Reshaping East Asian Security

The fast naval build-up in the area of Taiwan and Japan is causing the tension of East Asia to be…

December 5, 2025

Shifting Investment Tides: Asia’s IPO Boom and the AI-Bubble Warning for 2026

The future of Asia in 2026 has an excellent combination of both opportunities and risks: a fresh wave of IPO…

December 5, 2025

When Hunger Has a Gender: Unpacking the Global Food Access Gap Women Face

On​‍​‌‍​‍‌​‍​‌‍​‍‌ a dining table, food from many different cultures may look the same, but that is not the case. After…

December 5, 2025

Asia Power Index 2025: Unmasking the Power Shifts in a US–China Dominated Region — And India’s Strategic Rise

Asia​‍​‌‍​‍‌​‍​‌‍​‍‌ Power Index 2025 reveals a significant change of the region of Asia, transforming the entire continent. While the struggle…

December 5, 2025

This website uses cookies.

Read More