The investment adviser warns that any prolonged lockdown in Malaysia will see the supply chain being replaced by countries such as China, South Korea, Taiwan and Singapore.
In a statement today, Lee Kah Choon, who is special investment adviser to the Penang chief minister, said the country has come to a virtual standstill following the MCO, adding that there is also a high chance of the MCO period being further extended due to the increasing number of new Covid-19 cases.
He said the government, industries and employees should build trust among each other and form partnerships to make this possible. As a country that relies on its manufacturing sector, which accounts for 85% of its exports, the MCO would negatively impact the nation in at least two aspects, said Lee.