Malaysia needs to implement the remainder of its stimulus plans to sustain its recovery from the global recession, the World Bank said Nov. 18. "The government should continue to implement the stimulus package that has already been announced," Vikram Nehru, the World Bank's chief economist for East Asia and the Pacific, told reporters in Kuala Lumpur. "There is a significant part that needs to be implemented." Malaysia has unveiled 67 billion ringgit (USD 20 billion) of measures under two packages in the past year to help resuscitate economic growth. PM Najib Razak has also eased rules governing overseas investors, IPOs and property purchases in a bid to lure more foreign money. "The impact lags of fiscal policy are well known," the World Bank said in a report. "Additional stimulus is therefore expected to be in the pipeline, at least for the beginning of 2010." (Bloomberg)

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