“While IIC understands that desperate times will call for desperate measures, it maintains a strong viewpoint that all its investee companies should prioritise job preservation, ” it added.
PETALING JAYA: The Institutional Investors Council Malaysia (IIC) said its investee companies should prioritise job preservation by adopting a “Jobs First” strategy in all its measures to ensure business sustainability.
The IIC which represents the common interests of institutional investors in Malaysia said that the Covid-19 pandemic is unprecedented in modern history and is of concern to the economy as a whole.
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