CORONAVIRUS | ‘Penang Next Normal Strategies’ is to ensure the economic growth of Penang through the implementation of public projects as well as strengthening the SME sector.
| The world and our nation are facing a situation that has not been experienced before by a vast majority of this generation. The Covid-19 pandemic has challenged our government, economic and social systems.
Although our country, in general, is still recording new cases of Covid-19 every day, the rate of increase is lower than during the first two phases of the MCO. Countries across the world including Malaysia are now revising the rate of their economic growth for this year. The unemployment rate will rise drastically in developed countries such as the US.
Furthermore, there are also those who disagreed with the state government’s prudent approach in ensuring the compliance of the MCO. The MCO is a new experience for all of us. Thankfully, all these approaches are also followed by the enforcement by the Royal Malaysian Police , the city councils, the Malaysian Armed Forces , RELA and others have shown overall effective action in breaking the Covid-19 infection chain in Penang.
We are also the first state to distribute financial aid on 1 April 2020 and now almost all the target groups, including those in the federal list, have received their aid, except for a small number who may have not sent in their complete particulars. The closure of the Esquel factories in Penang and Kelantan as well as Pan Apparel in Penang and Perak certainly affects Malaysians and Penangites in particular.
In the economic sector, we are aware that Penang and Malaysia may not be as dynamic as China where global market spending has been balanced by its domestic market expansion. On 20 April 2020, Digital Penang will be hosting a virtual roundtable talk to bring together technology players to discuss technology solutions to the new ‘Next Normal’ situation that we shall be facing.
FOURTH, to expand the global shared services sector. Currently, Penang has over 60 companies involved in the sector with the provision of high-value jobs to 12,000 employees.
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