Daily economic losses from MCO 3.0 could be RM300m

KUALA LUMPUR: CGS-CIMB Equities Research estimates the return of a nationwide lockdown raises the estimated daily economic losses in Malaysia’s economy to RM300mil a day but it emphasised such stringent measuers could help curb the spread of the pandemic.

In its strategy report on Tuesday, it pointed out the economic losses from the MCO 3.0, which comes into effect on Wednesday nationwide, is much higher compared with RM200mil a day for a targeted MCO 3.0, and its baseline assumption of a conditional MCO (RM150mil a day).