IT IS not easy to step into a position of authority and importance, especially when the nation is facing a crisis like never before.
CEOs of listed companies are used to articulating their plans and targets, and there is a risk that those ambitions do not meet their intended objective. “Earlier, it was about giving out money and that was it, you were done with the job. But now, the policy response has to be targeted, where the money is going to end up and making sure households survive, ” he says.The jobless rate, although at an elevated historical perspective, has come down from 5.3% in May to 4.7% in July, meaning jobs are being created and filled.
“So, you need to look at that angle, and at the same time, if you look at the impact of Covid-19 on the vulnerable sector, the B40 especially are the people who need a lot of help.“That’s where we want to target the BSH recipients. We need to give them extra because they can’t go to work, because most of them are in the informal sector.
That money will work its way faster into the economy rather than large development packages for roads, schools and other big-ticket items.
Source: Financial Digest (financialdigest.net)
Soon he'll be jobless The shortest serving FM. Ok. Next story
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