In various reports and briefs, REFSA has been advocating for the nation to adopt a mission-oriented approach to tackle the challenges of our current times, be it the current economic crisis, climate change or the recent COVID pandemic. Created as a short introduction to this concept, here is the first of our Fact Sheet series that seeks to explain what exactly are mission-oriented strategies, why we need them and how they can be managed to achieve the most effective outcomes.
In early April, REFSA prepared a comparison of the COVID-19 related stimulus packages in Malaysia, Singapore and the United Kingdom. Because the overall situation is still evolving quickly, we have created this tracker, which shows the most up-to-date we have for each of the three countries.
The nominal amounts are taken directly from the government announcements or related news reports, and converted in USD in order to be able to compare.
We updated our chart after the announcement of the second stimulus package yesterday. More detail on implementation is required, but at first sight it looks somewhat underwhelming in terms of fiscal stimulus.
To overcome this economic crisis caused by Covid-19, countries around the world are preparing stimulus packages to help their economy, often committing unprecedented sums.
This chart compares the number of recorded COVID-19 cases in Malaysia and Italy. Malaysia’s pattern of recorded cases followed closely to that of Italy in the early days.