Malaysian Prime Minister Muhyddin Yassin (Photo:Bernama pic)
Kuala Lumpur (VNA) – Malaysian Prime Minister Muhyddin Yassin on June 5announced a short-term economic recovery plan worth 35 billion RM (8.2 billionUSD), to help the country’s economy recover from the impact of the COVID-19pandemic.
The plan, including 40 initiatives, mainly focuses on how to empower people,propel businesses and stimulate the economy.
Accordingly, the plan will give priority to supporting workers and small andmedium-sized enterprises (SMEs) through training programmes, social support,financing schemes, boosting domestic consumption and supporting industriesimpacted by the outbreak and the movement control order (MCO).
This is the government’s third stimulus package to cushion the impact of the diseaseand its lockdown measures.
Muhyddin previously announced a 250-billion-RM (nearly 60 billion USD) financialsupport package to help local businesses promote production and business, stimulateconsumption demand, and ensure social welfare for people.
On April 6, Malaysia approved an additional incentive package for SMEs worth 10billion RM (2.3 billion USD).
The Malaysian Ministry of Health announced on the same day that the country recorded 19 more COVID-19 cases and one death,bringing the total of infections and fatalities to 8,266 cases and 16,respectively./.
The closures of factories and sales outlets during the Movement Control Order (MCO) will result in an estimated 28 percent drop in new vehicles sales this year.
Malaysia’s Health Ministry is considering the possibility of allowing those who have been tested negative for COVID-19 for at least three days to enter Malaysia.
The Malaysian Ministry of Energy and Natural Resources (KeTSA) has opened a bidding process for the Large Scale Solar (LSS) programme to create momentum for the national economy post-COVID-19.
Themed “emerging trends in terrorism and violent extremism”, the event drew over 200 participants from domestic and international agencies, discussing the rapid evolution of terrorism and the need for stronger regional and global cooperation.
Indonesia aims to start nuclear power generation by 2034, with a government roadmap already in place to develop small modular reactors (SMRs) with capacities ranging from 300 to 500 megawatts.
The package, endorsed on June 24, comprises 481 projects designed to boost GDP by an additional 0.4% and generate temporary employment for about 7.4 million people nationwide.
An Indonesian official emphasised that energy security is extremely essential amid global geopolitical and economic fragmentation, highlighting the need for the energy industry to strengthen resilience and responsiveness in the face of fluctuating oil prices and the shift to clean energy.
ASEAN must deepen collaboration through platforms such as the ASEAN Senior Officials Meeting on Transnational Crime (SOMTC) to ensure regional responses keep pace with the rapidly evolving cyber threat landscape.
Speaking at the launch of the Indonesia Economic Prospects June 2025 edition on June 23 in Jakarta, Turk noted that Indonesia’s gross domestic product (GDP) expanded 4.9% in the first quarter of 2025 compared to the same period last year.
Anti-dumping duties will continue to be imposed on producers from China and Japan while those on relevant exporters from the RoK and Vietnam will be terminated, starting from June 23.
A specialist police unit has acquired a fleet of off-road vehicles to help officers navigate rough, unpaved terrain – and flood waters – to respond more quickly to public security incidents.
The pact covers goods, services, investments, intellectual property rights, customs facilitation, competition policy, sanitary and phytosanitary, trade and sustainable development, government procurement and economic cooperation.
The talent programmes mark another milestone in the technical partnership between PETRONAS and the Energy Institute, which focuses on three pillars: promoting decarbonisation and operational excellence through innovative solutions, enabling informed decision-making with expert advice, and nurturing the next generation of energy professionals.
The firefighters found an active blaze at the lorry depot located in the city of Pasir Gudang near the state capital of Johor Bahru, with flames spreading quickly due to strong winds and igniting a neighboring disused oil storage area.
Investigators believe the operation is part of a broader scam network involving romance scams, where victims are lured into fake relationships and persuaded to transfer money.
Ambassadors, Consuls General, along with staff and their families, joined traditional sports and cultural activities of Southeast Asia and performances bearing regional identity, thus contributing to strengthening unity and the ASEAN community spirit in New York.
In his post on social media the same day, Hun Manet said energy companies would be able to import sufficiently from other sources to meet domestic fuel and gas demands in the country.