Economists: Malaysia’s economy poised to recover with gradual reopening of sectors under CMCO | Malay Mail

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Economists: Malaysia’s economy poised to recover with gradual reopening of sectors under CMCO

Friday, 01 May 2020 05:27 PM MYTKUALA LUMPUR, May 1 — The gradual reopening of various sectors of the economy, with companies and organisations strictly adhering to the standard operating procedures under the Conditional movement control order , is important to enable Malaysia recovers positively, said economists.

He said although Malaysia has met six criteria set by the World Health Organisation , it should not allow complacency to set in and jeopardise all the hard work done to combat Covid-19. Lee proposed the implementation of a new scheme of working hours to minimise crowd contact in which employees are given flexible time to work and not clocking in at the same time.

He said the number of new and active cases of Covid-19 in the country has come down considerably, which translated into successful MCO and social distancing measures. The total loss so far is estimated at around RM63 billion and if the MCO continues for another month, the country will lose another RM35 billion, bringing the total loss to RM98 billion, he said.

 

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