Business associations grateful to be spared another shutdown

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The government has said that economic activities for all three areas will be allowed to operate as usual during this period. FMTNews CMCO

Shops will open under restricted orders during the CMCO period in the Klang Valley.during the conditional movement control order announced for Kuala Lumpur, Selangor and Putrajaya yesterday.“It will definitely affect revenue, but at least we can keep the economy moving,” SME Association of Malaysia president Michael Kang told FMT.

The government estimated the MCO cost the country RM2.4 billion each day in lost revenue, and the widespread pay cuts and retrenchments resulted in unemployment reaching a record high of 5.3% in May. Ismail said economic activities for all three areas will be allowed to operate as usual during this period, adding that the full list of SOPs will be announced shortly.The Klang sub-district was placed under the CMCO on Oct 9, with International Trade and Industry Minister Mohamed Azmin Ali stating Putrajaya had decided to allow all economic sectors in Klang to operate as usual as it was an important industrial centre.

 

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