Islamic Finance

Malaysia expects to fully reopen economy from end-October


Photo via Bloomberg

Published 16 Jun,2021 via Bloomberg Markets - Malaysia expects to fully reopen its economy and lift a ban on inter-state travel beginning end-October at the earliest if new Covid cases average below 500 a day, said Prime Minister Muhyiddin Yassin.

The current phase of the national lockdown is costing the economy 1 billion ringgit ($242 million) a day as most businesses remain shut, Muhyiddin said in a televised address Tuesday. The government expects to begin easing the curbs in steps starting July, he said.

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Anisah Shukry and Yantoultra Ngui