CORONAVIRUS | A special cabinet committee has been formed to bolster the government's Covid-19 stimulus package and to strike a balance between driving the economy and effective enforcement of the movement control order (MCO).
According to a statement by the Ministry of International Trade and Industry (Miti), the cabinet met yesterday and agreed to establish a special cabinet committee to develop strategic measures to safeguard Malaysia’s economy and labour market impacted by Covid-19.
Its aim is to strike a balance between the nation’s economic priorities and the effective enforcement of the Movement Control Order (MCO), read the statement.
"Other key focus areas of the committee include measures to sustain Malaysia’s economic engines particularly the small and medium enterprises (SMEs) during the MCO and ensure effective mitigation efforts in addressing displacement of labour force among Malaysians.
"The inception of the committee also reflects the government’s quick response to address issues highlighted by the rakyat and the Malaysian business community.
"The special cabinet committee will be co-chaired by two senior ministers - Miti Minister Azmin Ali (photo, above) and Defence Minister Ismail Sabri Yaakob," read the statement.
It added that members of the special committee would also comprise those involved in the nation’s economy and security.
"In addition, the Ministry of International Trade and Industry (MITI) will be engaging with industry players from various sectors to gather insights from people on the ground.
"This effort is key to ensure the committee will address specific issues facing the business community particularly, SMEs, manufacturers and investors," it said.
The committee is scheduled to convene tomorrow and is set to hold its second meeting on Sunday, whereupon it will then report its recommendations to Prime Minister Muhyiddin Yassin during the Economic Action Council (EAC) meeting on Monday, April 6. - Mkini
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