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Malaysia may introduce more stimulus measures

November 19, 2008 00:00:00


KUALA LUMPUR, Nov 18 (AFP): Malaysia may introduce more measures to stimulate economic growth and counter the worsening global financial crisis, Deputy Prime Minister Najib Razak said today.
The government earlier this month announced a 7.0 billion ringgit (2.0 billion dollar) stimulus programme, warning that growth would slow substantially in 2009.
"We are open to additional measures from time to time... we are watching and monitoring the situation very carefully and closely," Najib said, according to the state Bernama news agency.
Najib, who is also finance minister, said last week that the government has the capacity to introduce more stimulus packages but that it would not allow the budget deficit to expand further.

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