News

At Least Six Months Needed For Country’s Economy To Recover – Mustapa

KUALA LUMPUR, March 29 (Bernama) — The government expects the country’s economy will need at least six months to recover after the COVID-19 crisis ends, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.

He said the estimated recovery period was reasonable with the support of the right strategies.

“We pray for that, so surely we need to find another strategy to recover,” he said.

He said this to Bernama after appearing as a guest on the ‘Ruang Bicara’ talk show programme on Bernama TV tonight.

He added that various sectors including the tourism, hospitality, retail and investment sectors of the country were adversely affected by the COVID-19 outbreak.

“The tourism sector, for example, visitors would not be coming into Malaysia immediately, so we have to intensify our promotional activities,” he said.

He said several COVID-19 affected countries expected their countries would take between nine months to a year at the earliest to rebuild their respective economies.

Meanwhile, he said the government was ready to discuss with some of the small and medium-sized enterprises (SMEs) as well as micro-entrepreneurs who claimed that they were left out of the people-centric economic stimulus package (PRIHATIN).

“They (SMEs) are big in numbers and it is beyond the government’s ability. But the government is always open to them as they represent over 60 per cent in the workforce,” he said.

Currently, there are around 907,000 local entrepreneurs in the country.

— BERNAMA

Adib Mohd

Recent Posts

From Cookies to Classrooms: Starbucks Raises Over RM100K to Revive Centre for the Deaf

What if your sweet tooth could change lives? Since 2018, Starbucks Malaysia has raised over… Read More

16 hours ago

Tous les Jours Expands in Malaysia with New Outlets at Sunway Pyramid and Sunway Velocity

Malaysian fans of delectable K-inspired baked goods will be delighted to hear that Tous Les… Read More

22 hours ago

Stitch Lands in KL, Disney’s Blue Menace Takes Over Pavilion This School Holiday

Get ready for a school holiday filled with tropical vibes as Pavilion Kuala Lumpur transforms… Read More

22 hours ago

Malaysia Gears Up for Southeast Asia’s First Smart City Expo, Here’s Why You Should Care

Kuala Lumpur just flipped the switch on something big. The 100-day countdown to Smart City… Read More

22 hours ago

Ejen Ali: The Movie Review, A Next-Level Win for Malaysian Animation

Ejen Ali: The Movie 2 isn’t just a sequel, it’s a bold upgrade that proves… Read More

23 hours ago

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor

When Creativity Meets Comfort: LEGO® and IKEA Malaysia Reimagine Home Decor With its latest collection… Read More

3 days ago

This website uses cookies.