Tracking system to determine losses


JOHOR BARU: The state government and business associations plan to set up a tracking system to determine economic losses incurred following the outbreak of Covid-19.

Malaysian Association of Hotels (MAH) Johor chapter chairman Ivan Teo said this was to enable the government to get figures and help businesses affected by the viral epidemic.

He said business operators could trace losses as well as potential losses.

“On the whole, it is good to come out with a relief or stimulus package to help boost our economy, ’’ said Teo.

He said it was also good to plan ahead as no one could predict when the outbreak would be contained.Teo said the relief and stimulus packages could be given out in stages.

He suggested that as temporary measures and to help contain the outbreak, the government could ask businesses to introduce forced leave, reduce working hours, start in-house training and allow employees to work from home.

“Companies and businesses should maximise the IT platform and safeguard their employees, ’’ he added.

Johor Consumers Movement Association chairman Md Salleh Sadijo said the virus had affected the global economy.

“The Johor government must do all that is possible to get everyone in the state over this trying times, ’’ he said.

The Malaysia Retailers Association (MRA) and the Malaysia Retailers Chain Association (MRCA) said putting more cash into the people’s pocket would stimulate domestic consumption and subsequently help the retail sector.

In a joint statement, they urged the government to temporarily reduce workers’ contributions to the Employees Provident Fund by 3% to mitigate economic impact resulting from the outbreak.

MRA and MRCA also proposed a 50% reduction in electricity tariffs for retailers and shopping centres to help lower and manage their operational costs.

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