Second Lockdown could Devastate the Malaysian Economy: Prime Minister

Malaysia’s Prime Minister (PM), Tan Sri Muhyiddin Yassin, issued a warning to the Malaysian public, against complacency amidst the new normal, as health officials were put on high alert following new outbreak clusters, resulting in new cases being reported in the double-digits.

Reflecting on the impact of the first lock-down period, the PM reminded the public of the negative impacts experienced, from individuals losing their jobs, to businesses recording losses, and an overall sense of negativity during lockdown.

According to the PM, a second lockdown would cost the Government of Malaysia up to MYR 2 billion in losses per day, as well as push the unemployment rate of 5.3% reco...