March 24, 2009

AmResearch: Malaysia May Need Third Stimulus Package

By Rupa Damodaran
Published: 2009/03/24

Saying the third package should be worth some RM15 billion, AmResearch proposes measures like a cut in personal income tax, a second home-ownership programme with easier financing, and more 'Buy Malaysian' campaigns.

MALAYSIA may need a third stimulus package to get people and companies to spend and invest, AmResearch says.The research house's senior economist Manokaran Mottain suggested measures like a cut in personal income tax, a second home-ownership programme with easier financing, and more "Buy Malaysian" campaigns.

The third package should be worth some RM15 billion, he said."These would be more effective in stimulating domestic demand," said.