'Economy bleeds RM2.4 billion for every MCO day'

Malaysia News News

'Economy bleeds RM2.4 billion for every MCO day'
Malaysia Latest News,Malaysia Headlines
  • 📰 malaysiakini
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

The government is aware of its impact but has no other way to control the spread of Covid-19, says the prime minister.

“For example, the Covid-19 spread in Malaysia is under control, it’s declining. But many neighbouring countries are still grappling with the problem because the number is much larger, like many other countries.

Meanwhile, Muhyiddin said the private sector should look into ways to reduce business costs, which can be done by taking a digital approach. “I am aware of this, but since it is important to control the pandemic so that it doesn’t spread to the whole nation, infecting tens of thousands, or result in deaths in the thousands like in some countries, we do not have a choice,” he said.

The government’s direct funding amounts to RM35 billion, which will increase the budget deficit to 4.7 per cent this year from an earlier projection of 3.2 per cent. As such, the prime minister said that it was important to support the initiatives taken by industries and businesses and to ensure their sustainability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaysiakini /  🏆 20. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Our economy loses RM2.4bil every day MCO is active, says PMOur economy loses RM2.4bil every day MCO is active, says PMPETALING JAYA: The country's economy is losing RM2.4bil every day business is suspended during the movement control order (MCO), says Tan Sri Muhyiddin Yassin.
Read more »

Our economy loses RM2.4bil every day MCO is active, says PMOur economy loses RM2.4bil every day MCO is active, says PMPETALING JAYA: The country's economy is losing RM2.4bil every day business is suspended during the movement control order (MCO), says Tan Sri Muhyiddin Yassin.
Read more »

Open timber industry, Perak tells Putrajaya | The Malaysian InsightOpen timber industry, Perak tells Putrajaya | The Malaysian InsightMenteri besar says the MCO is hampering the state economy.
Read more »

MOF focusing on short- to medium-term plans to rebuild economy post-MCO | Malay MailMOF focusing on short- to medium-term plans to rebuild economy post-MCO | Malay MailKUALA LUMPUR, April 24 — The Finance Ministry has identified three short-term objectives as part of its plans to boost the economy after taking a hit from the movement control order (MCO) to battle the Covid-19 pandemic. Its minister Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz said in a...
Read more »

MCO: FB account of failed culinary attempts gets 1.5 million followers in 10 daysMCO: FB account of failed culinary attempts gets 1.5 million followers in 10 daysNILAI (Bernama): Almost immediately after it was started, the Facebook account ‘Masak Apa Tak Jadi Hari Ni Official’ became the talk of the netizen world as people posted their failed culinary attempts during the movement control order (MCO).
Read more »



Render Time: 2025-03-10 08:38:31