Malaysia, 28th February: Last week, in response to the outbreak of the COVID-19 virus, the Malaysian government unveiled a massive RM20 billion (US$4.7 billion) economic stimulus package.

As part of the initiative, hard it Malaysian tourism businesses will be allowed to defer monthly income tax payments and companies affected by the virus will be permitted to revise their profit estimates in 2020 with respect to their monthly income tax payments - without any penalty.