PETALING JAYA: The government’s latest stimulus package of RM20bil, dubbed the People and Economic Strategic Empowerment Programme (Pemerkasa), is expected to accelerate the recovery across several key economic sectors that have been affected following the second round of the movement control order (MCO) that began in January.
Experts welcomed the targeted stimulus package, pointing out that it would help improve market sentiment and provide further support to job creation.
The stock market also responded positively to the stimulus package, which was announced by Prime Minister Tan Sri Muhyiddin Yassin on Wednesday.
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