Construction sector’s MCO phase one shutdown dealt RM11.6b blow to Malaysian economy, says senior minister
A general view of the Pavilion Damansara Heights construction site March 18, 2020. — Picture by Choo Choy May
In an interview with Radio Televisyen Malaysia last night, the works minister said that the government has therefore decided to strike a balance between saving lives and ensuring people’s livelihoods continue, to prevent a more devastating effect. “That’s why it is hoped that with this, we can afford to manage; in addition to managing health matters well, we can also balance economic needs, because in the development sector or construction sector alone, on average, annually, we spend approximately RM120 billion. Imagine the second time , what was the effect on the economy, job opportunities and others?
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