Malaysia's new government will set up an economic action council to tackle serious risks to the
economy, notably the impact of the coronavirus epidemic on trade and a crash in global oil prices, Prime Minister Muhyiddin Yassin said on Wednesday.
Muhyiddin was sworn in as premier last week after days of political chaos following the abrupt resignation of veteran leader Mahathir Mohamad last month.
While
Malaysia has reported 129 cases of coronavirus, the epidemic elsewhere poses a huge risk to its export markets, and the oil price crash will hit earnings from exports of liquefied natural gas.