Stimulus packages cushioning blow

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PETALING JAYA: The various stimulus packages implemented by the Perikatan Nasional government will help businesses and Malaysians from different backgrounds persevere through the socio-economic effects of the Covid-19 pandemic, say economic experts.Prof Datuk Dr John Antony Xavier, vice-chancellor and chief executive of Asian Institute of Medicine, Science and Technology (AIMST) University, said the government had introduced five economic stimulus packages to weather the impact of the pandemic. These include the latest RM15bil Malaysian Economic and Rakyat’s Protection Assistance Package (Permai), comprising 22 initiatives.“Combined, they constitute about RM320bil or 20% of the gross domestic product (GDP), causing the widening of the fiscal deficit to about 6%, ” he said.

CLICK TO ENLARGE Citing an example under the Prihatin Economic Stimulus Package, he said the government allo…