Covid-19: Plan the next 12 months; focus on economic resilience

We enter the second phase of the Movement Control Order , we think it is increasingly necessary for the government to create a sustainable economic plan. --BERNAMA picIdeas recognises that there are no easy choices for policymakers in managing the trade-off between combatting the spread of the Covid-19 virus and protecting jobs, businesses and the economy.

As human restrictions continue, the productive capacity of Malaysia’s economy could be fundamentally damaged as businesses are forced to close and the supply chains of goods and services are broken. First, we need to establish an SME Distress Centre which acts as a one-stop information and business support platform to process application for stimulus package programmes in a streamlined manner. Apart from wages, businesses face liquidity challenges too in meeting rental payments and credit terms with suppliers.

Better location-based targeting can also allow the government to expand the list of exempted sectors to include vital enabling industries and supply chains which have been coming under strain. Reskilling and digitalization will shore up the resilience of the Malaysian economy and allowing it to recover faster.

Hope this dreamy gomen got something thought of earlier rather than being prod.. provoke..push and nudge... baru maw buat keja...

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