The financial impact on the economy is mainly due to restrictions on contact-sensitive businesses.
Public Investment Bank Bhd said MCO 1.0 was estimated to have cost the economy RM2 billion per day, while MCO 2.0 RM300 million per day. Citing a potential national disaster in the making if this move is not taken, Prime Minister Muhyiddin Yassin said on Monday that more drastic measures have to be taken in light of the emergence of new variants and higher infectivity rates due to non-compliance of SOPs to combat Covid-19.
“We are concerned that the improvement in labour market conditions may be delayed by the constant MCOs and resultant strains on businesses, while the government may also find it hard-pressed to continue supporting households and businesses without putting further strains on its coffers should these conditions persist,” it said.
Which economy in the world is not affected eventhough there is zero case. It is pure logic.
😲😲😲😲...we're gonna die....
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Source: msianinsight - 🏆 8. / 63 Read more »
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Source: malaysiakini - 🏆 20. / 51 Read more »