Malaysia unveils $36 bil. in aid as lockdown extended indefinitely

Malaysian Prime Minister Muhyiddin Yassin announced Monday a 150 billion ringgit ($36.2 billion) aid package to help people tide over the lockdown that has been extended indefinitely as the number of fresh COVID-19 cases shows no signs of abating.In his televised address, Muhyiddin said the aid package includes 10 billion ringgit for cash handouts to middle-class and low-income households by the end of this year.He also announced a six-month automatic loan moratorium, regardless of income level, and various funds and tax breaks for small and medium-sized enterprises and the hotel industry, …READ FULL ARTICLE