In the middle of the coronavirus storm ― Kelvin Kiew | Malay Mail

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APRIL 9 ― Amid the coronavirus pandemic, trade, travel and commerce halted while borders, xenophobia and geopolitical tensions heightened. Will this eventually cause global depression and will it end globaliSation? The world economy is getting a bad hit. It is a lot worse than a traditional war,...

APRIL 9 ― Amid the coronavirus pandemic, trade, travel and commerce halted while borders, xenophobia and geopolitical tensions heightened. Will this eventually cause global depression and will it end globaliSation?

Focus on the super power, USA. They lead the world in number of Infection and soon in a number of deaths. They don’t have enough medical supplies and most glaringly, lack of leadership on top. At this time, they have 10 million people who have filed for unemployment and record number of businesses are filing for bankruptcy. We see long lines not only in grocery stores, but in gun stores as well.

Recently I read an article from the special investment adviser to the Penang chief minister. There are some facts that need to be corrected. 3. We are not short of orders, at least this is not at this time. Our biggest problem is we are unable to produce enough products to fulfill the existing orders. The biggest bottlenecks now are material supplies and human resources. We were approved to operate at a reduced capacity, we were faced with the issue of preferential treatment. Those who are chosen to work prefer to stay at home and enjoy the same salary and benefits.

Therefore, we need to look at the whole situation with a more scientific approach instead of assumptions and speculations. One would assume that industries love to open up all operations of a factory and start to manufacture products for revenue.

 

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