Malaysia Sees MYR 2.4 Billion Losses per Day due to MCO

In a recent television interview, Malaysia’s Prime Minister Muhyiddin Yassin estimated daily losses of MYR 2.4 billion for the country, resulting from businesses remaining closed due to the Movement Control Order (MCO) imposed by the Government of Malaysia in order to curb the spread of COVID-19 pandemic.

While stating that the Government has reluctantly imposed the MCO, despite knowing that it would hinder Malaysia’s economic growth, the Prime Minister added that a month’s delay in taking the steps already taken by the Government would have led to an adverse impact on Malaysia’s economy.

Yassin also said during the interview that the Government has since laun...