x

Coronavirus

Malaysia Announces $8.2 Billion Stimulus Package

KUALA LUMPUR — Malaysia’s government has announced a 35 billion ringgit ($8.2 billion) stimulus to bolster short-term economic recovery as the country emerges from more than two months of virus lockdown.

The package, which is in addition to a $60 billion stimulus announced earlier, centers on increasing employment, wooing foreign investment and revitalizing key sectors of the economy.

Prime Minister Muhyiddin Yassin said Friday it included 10 billion ringgits ($2.3 billion) in wage subsidies, training programs and supporting small and medium-sized enterprises. Tax breaks and rebates have been given to bolster the manufacturing, real estate auto, palm oil, airline and tourism sectors.

He said this includes a zero tax rate for up to 15 years for foreigners investing more than 500 million ringgits ($117 million) in manufacturing and fixed property sector. Malaysia, which has nearly 8,300 infections and 116 deaths, eased virus restrictions last month.

RELATED

ATHENS – While the New Democracy government is easing health restrictions for rabid anti-vaxxers, those fully vaccinated against COVID-19 may need a fourth shot in the autumn.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Woman Fatally Shot while Pushing Stroller on Upper East Side

NEW YORK — A 20-year-old woman was fatally shot Wednesday night while she pushed her infant daughter in a stroller on the Upper East Side, police said.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.