KL package to boost economy<\/p>\n
KUALA LUMPUR (AP): The government will announce a string of
\nmeasures worth several billion ringgit (about US$1 billion) to
\nstrengthen Malaysia's economy and cushion the impact of the U.S.
\nfinancial slowdown, news reports said Monday.<\/p>\n
Prime Minister Mahathir Mohamad is expected to disclose
\ndetails of the package - which will probably include funding for
\npublic works, agriculture and loans to small and medium-sized
\nindustries - sometime this week, The Star daily cited sources as
\nsaying. The paper did not identify its sources.<\/p>\n
Malaysia's economy expanded by 8.5 percent last year, and the
\ngovernment is targeting growth of between 6 and 7 percent this
\nyear. But some analysts say that economic growth would more
\nlikely be about 4 percent if the U.S. slowdown worsens.<\/p>\n
The United States is Malaysia's main trading partner. The
\nstrong demand for Malaysian exports of electronic goods and
\ncomponents in the United States helped lift the Southeast Asian
\nnation out of the 1997-98 Asian financial crisis.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kl-package-to-boost-economy-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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