Global race to safeguard future - News Summed Up

Global race to safeguard future


Last Monday, I asked a former student (currently active in politics) two questions on the recent RM250 billion economic stimulus package announced by the Prime Minister. On Friday, March 20, there were only 13 deaths; a week later (March 27), it almost doubled to 23 deaths. A local daily last Monday quoted Finance Minister Datuk Seri Tengku Zairul Tengku Abdul Aziz as saying that the stimulus package “did not touch” the Bank Negara Malaysia (BNM) reserve. They suggested that Putrajaya should raise funds for its stimulus package by borrowing directly from capital markets, either BNM or Petronas. In this global race to respond to the pandemic, Malaysia is not the first to do so; but it is also not the last.


Source: New Strait Times March 31, 2020 03:56 UTC



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