MCA proposes ‘Marshall Plan’ towards an inclusive economy

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KUALA LUMPUR: Recovery efforts should be calibrated to those who need it most, according to MCA.

Presenting its"Marshall Plan" to work towards an inclusive economy based on the principles of shared prosperity to the Finance Ministry, MCA leaders met with Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz on Friday .

In a statement on Friday, MCA said that the proposal revolves around the theme of “bridging gaps and divides” to ensure no Malaysians are left behind. The statement said short-term economic relief should be focused on resolving pressing issues like reviewing Penjana Kerjaya scheme for the service sector, changing the Wage Subsidy Programme, establishing clear and consistent standard operating procedures , having specific recovery plans for each ministry, targeted lockdowns and providing micro loans and ensure the survival of small-to-medium enterprises .

"In the long run, there is a need for Malaysia to implement development aid for states by allocating funding according to the respective state’s economy as well as proportionate to their population of hardcore poor.”

 

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