The International Trade and Industry Ministry (MITI) has welcomed Prime Minister Tan Sri Muhyiddin Yassin's announcement to allow almost all economic sectors to resume operations starting Monday.
Its minister Datuk Seri Mohamed Azmin Ali said the reopening of the economic sectors would contribute to the gross domestic product growth, domestic and foreign direct investment, better export prospects, and the continuity of the small and medium enterprises (SMEs) as well as job sustainability.
"The government's decisions will have a positive impact on the country's economy and the well-being of the people. If the government does not take this step, there will be a decline in the nation's income, economic growth will stagnate while businesses, as well as individual income, will be affected, in fact, most businesses will have to close down.
"The Prime Minister has stressed if the Movement Control Order (MCO) continues for another month, the country's Gross Domestic Product (GDP) will record a loss of RM35 billion. The total loss will amount to RM98 billion.
"The decrease in the value of export in the manufacturing sector alone is estimated at RM32 billion for every two weeks of the MCO," he said in a statement today.
Mohamed Azmin said the government made the decision after careful, cautious and responsible deliberations based on the data and studies on the country's current health and economic situation.
Consideration was also made based on the World Health Organization's (WHO) benchmark of security, movement control, the capability of the health system, ability to protect high-risk individuals, adopt new normal and the capability to implement preventive measures in the community, he said.
The government said Mohamed Azmin, hoped with the opening of these economic sectors, the business community, in particular, the SMEs would be able to revive their business, strengthen cash flow, rebuild the supply chain and address the risk of losing the export market (reshoring).
"Currently, the SMEs contributed 66 per cent of the workforce in Malaysia, so the government's actions will surely guarantee continued employment and workers income," he said.
In implementing the economic recovery strategy, the business community need to adapt to new practices.
For companies that are heavily dependent on labour, they need to reduce their dependence and focus more on automation and the use of technology said Mohamed Azmin.
"In addition, the digitisation process should also be accelerated to reduce human contact within business premises. Digitisation is not another option but a necessity for long-term business continuity.
"Over the past few months, the use of digital communications has helped to ease the way people communicate, it has helped transform the country into a digital economy and in addition, organisations have been able to tap into the potential of Artificial Intelligence (AI) and the Internet of Things (IoT), " he said.
For companies that have to rely on labour, Mohamed Azmin urged them not to neglect workers protection, including their health, hygiene and safety issues.
Employers and workers are also encouraged to download MySejahtera and Mytrace applications for contact tracing, he said.
The economic sector which will start operating this coming Monday and the minister said, it must comply with the Standard Operating Procedure (SOP) set for each industry and reminded that failure to comply is an offence and may be subject to legal action.
"It should be emphasised, the government will not hesitate to implement the Enhanced Movement Control Order (EMCO) in the event of a sudden spike of new cases in any area," he said.
To ensure effective compliance with the SOP, the federal and state enforcement agencies will implement a comprehensive and stringent enforcement.
Mohamed Azmin said this effort will need to involve 'self-enforcement' by each ministry and also 'community enforcement' to ensure the health and safety of the people.
"The government hopes everyone including entrepreneurs and employers allowed to operate will be able to adapt to new normals, especially in complying with social distancing, personal hygiene at workplaces as well guidelines which are set from time to time," he added.
-- BERNAMA
Bernama
Sat May 02 2020
Azmin Ali said the reopening of the economic sectors would contribute to the gross domestic product growth, domestic and foreign direct investment, better export prospects, and the continuity of the small and medium enterprises (SMEs). - Bernama
Pemandu maut tersepit, nahas dua kenderaan di Lekir
Mangsa berusia 25 tahun itu disahkan meninggal dunia oleh pihak perubatan.
Usaha diplomasi antarabangsa untuk tamatkan konflik di Gaza - PBB
Diplomasi itu diharap dapat membantu mengurangkan konflik daripada merebak lebih luas.
AS desak Israel lindungi nyawa penduduk awam Palestin
Timbalan Duta Amerika ke PBB, Robert Wood mendesak Israel melindungi nyawa penduduk awam Palestin di Gaza.
Angin kencang 'alihkan' pesawat di parkir
Ribut pada Selasa itu turut menghasilkan hujan batu, termasuk tiupan setinggi 153 kilometer sejam di Dallas-Fort Worth.
AWANI Pagi: Debat Epitomi Minda Madani: Piala Timbalan Perdana Menteri
Debat MRSM Piala Timbalan Perdana Menteri bakal berlangsung pada 7 hingga 10 Jun depan bertemakan Debat Epitome Minda Madani. Ikuti temu bual bersama Shahrizal Mohd Saderi, Pengarah Bahagian Pendidikan Menengah (BPM) MARA dan Ts Dato' Sayed Alfeizal Sayed Ahmad, Presiden MUAFAKAT MARA Malaysia bersama #AWANIPagi.
Warga emas rentung dalam kebakaran kereta
Mayat mangsa berusia 71 tahun itu kemudiannya diserahkan kepada pihak polis untuk tindakan selanjutnya.
Misteri lonjakan kes batuk kokol di Eropah
Lonjakan kes itu juga dikaitkan dengan penurunan imuniti dalam kalangan penduduk sejak pandemik COVID-19 melanda dunia pada awal 2020.
India rekod suhu 52.3 Celsius, panas melampau
Suhu musim panas yang luar biasa ini berkemungkinan akan reda bermula Khamis selepas angin dari Laut Arab menghampiri wilayah itu.
Israel guna helikopter tentera serang Rafah
Serangan terbaharu menyaksikan sebuah helikopter Israel melepaskan tembakan ke atas Rafah.
Rozila pecah tradisi wanita pertama urus operasi TH di Mekah
Menjadi wanita pertama menggalas tugas sebagai Pengarah Operasi Tabung Haji (TH) Mekah bagi musim 1445H/2024M, Rozila Omar Ali tidak pernah menyangka pengalaman dan kepakarannya menguruskan bahagian penyelidikan dan pembangunan haji di Jabatan Haji, ibu pejabat TH membuatkannya terpilih untuk jawatan tersebut, yang lazimnya dipikul lelaki.
Polis panggil Mohamed Azmin bantu siasatan berhubung pendedahan maklumat
Ketua Polis Selangor Datuk Hussein Omar Khan berkata rakaman keterangan itu, bagi membantu siasatan di bawah Seksyen 203A Kanun Keseksaan iaitu pendedahan maklumat.
Amirudin cabar Azmin jadi 'anak jantan', hadir beri keterangan
Menteri Besar Selangor, Datuk Seri Amirudin Shari mencabar Datuk Seri Mohamed Azmin Ali supaya memberi keterangan di Ibu Pejabat Polis Daerah Shah Alam.
Saya sebut nama Deepak kerana ada gambar - Mohamed Azmin
Mohamed Azmin memberitahu Mahkamah Tinggi hari ini beliau menyebut nama Deepak dalam ucapannya tahun lepas kerana terdapat foto ahli perniagaan itu bersama-sama seorang menteri dalam pesawat.
Filem Lee Chong Wei satukan Tun M, Azmin
Kedua-duanya ketika itu mempunyai beberapa isu berkenaan darjah kebesaran Dr Mahathir ditarik balik dan gesaan Azmin dilantik menjadi PM.
Buku Syed Saddiq singkap ada gerakan cadang lantik Azmin Ali jadi PM pada 2018
Beliau yang pada ketika itu pegawai kepada Dr Mahathir cuba menjadi orang tengah untuk mendamaikan kedua-dua pemimpin tersebut.
Ucapan Azmin bersifat jahat dan memfitnah beliau dan abangnya - Saksi
Ahli perniagaan, Deepak Jaikishan, berkata kenyataan Mohamed Azmin dalam ceramah politiknya pada 11 Mac 2023, adalah bersifat jahat yang memfitnahnya dan nama abangnya.
Faizal Azumu nafi kenyataan tular isu calon PM
Bersatu menafikan kenyataan yang tular berhubung isu melibatkan perbincangan calon Perdana Menteri pada Pilihan Raya Umum ke-16 (PRU16).
PRK Kuala Kubu Baharu: Pengundi tentukan kemenangan, bukan Tun M - Azmin
Kemenangan DAP dalam PRK Kuala Kubu Baharu hanya akan ditentukan oleh pengundi dan bukannya bekas Perdana Menteri, Tun Dr Mahathir Mohamad.
Bersatu Tanjong Karang digantung
Bersatu Tanjong Karang digantung susulan ketua bahagiannya menyatakan sokongan kepada Perdana Menteri, Datuk Seri Anwar Ibrahim.
Kutipan hasil Selangor dijangka meningkat RM100 juta mulai tahun depan - MB
Kerajaan Selangor menjangkakan kutipan hasil negeri tersebut meningkat sekitar RM100 juta selepas memperkenalkan tiga langkah baharu.