Crushed by Covid-19 shutdown, retailers say it's ‘stimulus on steroids’ or bust

KUALA LUMPUR, March 26 — The retail sector is set to lose up to 90 per cent of revenue this month and might not survive the movement control order unless the government steps in urgently with assistance, said the Malaysia Retailers Association.

Warning that many retailers may not be able to resume operations once the extended MCO is lifted on April 14, the MRA said they would have no option but to lay off their redundant employees.only can the businesses stand behind their workers, and in return, the workers can then“Further, we appeal to the Malaysian government to be generous and to be unprecedentedly ‘creative’ with your support programme... We need a stimulus package on steroids.

Among others, it said the government must ensure that mall owners offer rent exemptions or rebates over the MCO and for a period after, so that retail businesses have a chance of surviving and recovering. “We want to do our part. The government needs to stand behind us so that we can do more. And we need it now,” it said.

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