KUALA LUMPUR (April 24): If the number of Covid-19 positive cases continue to drop, Prime Minister Tan Sri Muhyiddin Yassin said the Government may consider allowing the resumption of operations of certain sectors and sub-sectors on a stage-by-stage basis.
While certain sectors will be allowed to operate, Muhyiddin emphasised that these companies and businesses will have to adhere to strict requirements and guidelines.
The Prime Minister announced the third extension to the Movement Control Order (MCO), which will be in force for its fourth phase from April 28 to May 12, during a televised national address last night.
Given the possibility of a further extension of the MCO beyond May 12, the Government is looking at ways to revive the economy, which includes a short- and medium-term Economic Revival Plan to ensure that the economy will be able to return to stable footing as soon as the MCO period ends.
“In relation to this, I have ordered the Ministry of Finance and the Economic Planning Unit, Prime Minister’s Office, to draft a holistic Economic Recovery Plan for the short-term, medium-term and long-term.
“The focus currently is to identify measures and initiatives to stimulate the economy in the short- and medium-term, as well as ways to build the rakyat and investors’ confidence to revitalise the country’s economy,” he told Malaysians.
Malaysia’ daily new cases has stayed below 100 in the past week, while new infection numbers have been lower than the daily recoveries. The number of active Covid-19 cases declined to a nearly one-month low of 1,966 yesterday.
Malaysia’s total number of infections is 5,603, the fourth highest in the ASEAN region after Singapore (11,178), Indonesia (7,775) and the Philippines (6,981).
The Covid-19 outbreak has taken a heavy toll on the economy as many economic activities have halted abruptly as a result of the implementation of MCO to contain the pandemic.
Many businesses are expected to suffer from tight cash flow amid zero earnings as businesses have been shut for more than one month.
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