February 14, 2020 / 8:57 AM / 15 days ago

Malaysia to announce stimulus package on Feb. 27 to counter virus outbreak

People wearing protective masks pass by a cosmetic shop, following the outbreak of the coronavirus in China, in Kuala Lumpur, Malaysia February 14, 2020. REUTERS/Lim Huey Teng

KUALA LUMPUR (Reuters) - Malaysia will announce a stimulus package on Feb. 27 to mitigate the economic impacts of the coronavirus outbreak, the finance minister said on Friday.

Assistance will be given to affected sectors, Minister Lim Guan Eng said in a statement. The government said on Tuesday the stimulus package would be earmarked for the aviation, retailing and tourism industries.

Prime Minister Mahathir Mohamad will announce the stimulus program on Feb. 27, Lim said.

(This story corrects announcement date in headline and paragraph 1)

Reporting by A. Ananthalakshmi; Editing by Hugh Lawson

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