Gov't working on plans to revive the economy, amid MCO extension - PM

The government is working on plans to "revive the economy" amid an extension of the movement control order (MCO) to May 12.

Prime Minister Muhyiddin Yassin said this includes plans for the short, medium and long terms that will be crafted by the Finance Ministry, Economic Planning Unit and the Prime Minister's Department.

"The focus this time is to identify steps and initiatives which will spur economic growth in the short and medium-term, as well as drive public and investor confidence to revive the economy immediately," Muhyiddin said in a speech tonight.

He said among the initiatives planned is to build the people's skills and capabilities, encourage domestic spending, strengthening the durability of industries including SMEs, and creating a more positive investment environment.

The prime minister he said many are anxious about when they can go back to work, or resume doing business.

He gave a scenario, that even if the MCO is extended further, companies in approved sectors will be allowed to operate if they follow terms regarding workers' safety, social distancing, and having a clean workspace.

He said the government was considering granting exemptions to several more sectors and subsectors, subject to strict regulations.

The government had previously announced stimulus packages to help both the public and businesses make it through the MCO period which seeks to curb the spread of Covid-19.

The number of infections have been on the decline, registering double digits for the past week.

However, experts have warned that lifting restrictions too early could lead to a resurgence of cases. - Mkini

✍ Credit given to the original owner of this post : ☕ Malaysians Must Know the TRUTH

🌐 Hit This Link To Find Out More On Their Articles...🏄🏻‍♀️ Enjoy Surfing!