Timely relief for business fraternity

Federation of Manufacturers Malaysia (FMM) president Tan Sri Soh Thian Lai said the extension of the wage subsidy was something the industry looked forward to although FMM would have hoped for the extension to be for a three-month period as there would be a cascading impact on business even after operations have resumed post-MCO.

PETALING JAYA: At a time when the business community is still reeling from the impact of Covid-19 and the first movement control order (MCO) last year, the re-imposition of such restrictions since Jan 13 began worrying companies on their business continuity and sustainability.

Most of them got to breathe a sigh of relief yesterday when Prime Minister Tan Sri Muhyiddin Yassin announced the RM15bil “Perlindungan Ekonomi dan Rakyat Malaysia” (Permai) assistance package.