Monday, 22 Jun 2020 07:04 PM MYT
Chief Executive Officer of the American Malaysian Chamber of Commerce , Siobhan M Das, said companies are taking necessary measures and are adjusting in the face of the new situation. She said that while most of the US businesses report financial losses due to the restrictions imposed, a Business Impact Survey conducted by AMCHAM in April also found that its members have been able to avoid laying-off of staff or implementation of mandatory unpaid leave during the movement control order .
She said AMCHAM provided immediate and urgent support to its members during the MCO by ensuring they had the latest information and data from various authorities. “Working closely with the International Trade and Industry Ministry , we were also able to maintain Malaysia’s role in the global value chain by ensuring Malaysian companies were still able to operate at a minimum level and gradually increase capacity in accordance with the necessary guidelines,” she said.
“The actions Malaysia takes in its recovery will inform decision-makers at the regional and global levels and provide the necessary confidence for further investments into the country,” she added.
Source: News Formal (newsformal.com)
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