Economic headwinds put Malaysia's government in tough spot to bolster state earnings

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KUALA LUMPUR - Malaysia's economy is in for a rough ride with multiple headwinds hitting it like a typhoon.. Read more at straitstimes.com.

Economics professor Yeah Kim Leng of Sunway University said:"Depending on how severe the pandemic pans out in Malaysia, how much more stimulus is needed and how the government intends to cover the revenue shortfall may include calling upon Petronas for a special dividend contribution."

Mr Lee said:"The government has room to look at non-administrative budget, namely the state-owned companies, but options are limited."to tackle the effects of Covid-19 was announced by former premier Mahathir Mohamad less than a month ago, when Brent crude was trading at US$52 per barrel.a further RM620 million worth of additional measures

"We all take into account our fiscal policy that accommodates sectors that need to be supported. There is a lot more to be looked at," Mr Muhyiddin said at a press conference on Monday, assuring businesses that the fledgling new government"understands" their concerns.

 

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