MCO 2.0 to cost Malaysia RM600m daily, Zafrul says


Tengku Zafrul said PERMAI is an improvement of the initiatives announced in Budget 2021 as well as ongoing initiatives in the Rakyat Prihatin Economic Stimulus Package (PRIHATIN) and National Economic Recovery Plan (PENJANA).

PUTRAJAYA: The government expects the country to lose RM600 million daily due to the latest Movement Control Order (MCO 2.0), compared to RM2.4 billion daily in March until May, 2020, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

"This MCO is unlike the one in March last year as five essential sectors are still open; small and medium enterprises (SMEs) such as stalls and stores can still be opened, ” he said in a media briefing on the Malaysian Economic and Rakyat's Protection Assistance Package (PERMAI) here, on Tuesday.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Zafrul , MCO 2.0 , Permai , Prihatin , Penjana

   

Next In Business News

US crypto industry eyes possible day-one Trump executive orders
Starbucks workers expand strike in US cities, including New York
AirAsia in talks on aircraft purchases as part of expansion strategy
Coastal Contracts wins large-scale solar PV plant project in Sabah
Malakoff redesignates Che Khalib as non-executive chairman
Ringgit stages strong rebound to end losing streak against US dollar
HeiTech Padu appoints Hasrul Azuan as CEO
Dnex ties up with France-based Conex to streamline EU trade compliance for M’sian exporter
Capital A submits regularisation plan to exit PN17 status
TM and Perodua tie up to drive Malaysia's automotive transformation under NIMP 2030

Others Also Read