Bursa Malaysia climbed from a three-month low today with the KLCI Index rising by as much as 0.95%, snapping a three-day loss.
The government shortened business working hours and cut public transport capacity to reduce movement, while allowing factories and other businesses to continue to operate. “Life is important, but I also don’t want the economy to collapse,” he said. “If the economy collapses, I may have to spend half a trillion now. That’s what we have learnt over time. We have to balance.”
High-risk places will be told to shut down immediately while the usage of public transportation will be limited to 50% capacity, Ismail said. The number of daily Covid-19 cases neared 7,000 on Sunday, a fifth straight day that infections have remained above 6,000.