The essential moves gov’t must make to protect businesses

I write to you today not out of personal interest or gain, but as a very concerned citizen who is burdened for our beloved nation. The whole world is in a biowarfare, battling a common enemy, the Covid-19 that is unleashing a deadly onslaught not only on our people, but businesses and the economy.

The stark reality of the non-essential business communities’ compliance to the MCO is that the source of income has been compromised and earnings have come to a standstill. To add fuel to fire, the stocks of our business community are being slaughtered at the Bursa with some experiencing all-time lows and rock-bottom valuations based on trailing earnings.

“Containing Covid-19 is a top priority for the government, facilitated by a fully-functioning financial system, including the stock market.” Therefore, it is imperative for the SC and the Bursa to not make the grave mistake of classifying the current situation as merely an economic crisis. It should be viewed through the lens of harsh reality - we are in a predicament that can be likened to a world war! The only difference is, we are in a biowarfare, not attacked by nations or humans but by a virus that is far deadlier.

لا حول ولا قوة إلا بالله lā ḥawla wa lā quwwata illā billāh There is no might nor power except in Allah

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