At least six months needed for country’s economy to recover: Mustapa

At least six months needed for country’s economy to recover: Mustapa

30/3/2020 6:23:00 AM

At least six months needed for country’s economy to recover: Mustapa

KUALA LUMPUR: The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, said Minister in t...

KUALA LUMPUR:The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed(pix).He said the estimated recovery period was reasonable with the support of the right strategies.

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“We pray for that, so surely we need to find another strategy to recover,” he said.He said this toafter appearing as a guest on the “Ruang Bicara” talk show programme onBernama TVlast night.He added that various sectors including the tourism, hospitality, retail and investment sectors of the country were adversely affected by the Covid-19 outbreak.

“The tourism sector, for example, visitors would not be coming into Malaysia immediately, so we have to intensify our promotional activities,” he said.He said several Covid-19 affected countries expected their countries would take between nine months to a year at the earliest to rebuild their respective economies.

Meanwhile, he said the government was ready to discuss with some of the small and medium-sized enterprises (SMEs) as well as micro-entrepreneurs who claimed that they were left out of the people-centric economic stimulus package (Prihatin).“They (SMEs) are big in numbers and it is beyond the government’s ability. But the government is always open to them as they represent over 60% in the workforce,” he said.

Currently, there are around 907,000 local entrepreneurs in the country. -

Read more: theSun

Don't you ever think of saving any airlines if you are not saving SMEs.

Mustapa: At least six months needed for country’s economy to recover | Malay MailKUALA LUMPUR, March 30 — The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed. He said the estimated recovery period was reasonable... Can somebody from tell him to behave and refrain from sharing any local economic outlook even if it's personal opinion until he returns to be an opposition political candidate? I think Malaysian rather hear it from tzafrul_aziz than anybody else at this point in time. 6 mths. Hebat Wow tok pa, enam bulan to recover, ha ha ha, optimisnya

Mustapa: At least six months needed for country's economy to recoverKUALA LUMPUR (Bernama): The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, says Datuk Seri Mustapa Mohamed. What is ' at least '. Just say you DON'T KNOW mustapamohamed

At least 6 months before economy recovers, says minister | The Malaysian InsightMustapa Mohamed says tourism, retail and investment sector adversely affected.

Economy will need at least 6 months to recover, says ministerMustapa Mohamed says this is a reasonable estimate given the use of the right strategies. FMTNews Covid19 Easy say easy go Musang ppl all echoing what UK announced last night on ANC... Bunch of morons. Please I'm no economic expert. But I know no one can compare a sang kechil to a lion. Dont b fooled by the bloody fool frog stmnt…

Mustapa: Airline companies need different action | Malay MailKUALA LUMPUR, March 30 — Airline companies including some of the most well-known in the industry are facing their biggest challenge due to Covid-19 pandemic, Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said. According to him, this is a global... Massive bailout. For Malaysia Airlines, this will be massive. PM must weigh whether to save Malaysia Airlines or start over from scratch. Air Asia would probably make do with guarantees, esp with the creditors for their aircraft purchases. Unlikely they get moratorium on pmts.

Airline companies need different action: Mustapa MohamedKUALA LUMPUR: Airline companies including some of the most well-known in the industry are facing their biggest challenge due to Covid-19 pandemic, Min... Why do govt ever want to think of saving airlines when the short terl future is bad. Why not use the monies to domestic companies SMEs instead as they employ bigger numbers and will be back bone of country. Allocate correctly with limited funds.