Give struggling companies a lifeline, say Malaysians


  • Nation
  • Thursday, 26 Mar 2020

PETALING JAYA: While most know it is necessary, there is still a sense of dread among many following the announcement that the movement control order (MCO) has been extended.

Although some measures were announced to help Malaysians cope with the adverse effect of the MCO, accountant KC Lee, 36, from Damansara, felt not much was done to help companies that must still pay salaries.

“In my firm, employee salary is our largest cost. With no income and having to pay a full salary during the MCO, we can’t last for long.

“As the salaried employees have more money to spend now following the deferment of loans and withdrawal from their pension funds, businesses that have no production and collection were not even given income tax deferment,” she said.Cryptocurrency trader Chong Ming Huei, 40, felt that businesses should have been more ready financially to face such challenges.

“A global pandemic like this is all part of the costs and risks of doing business,” he said.

“When making profits during good times, businesses are less likely to think about employees, who are actually assets.

“So when they (bosses) still pay instalments for their luxurious company cars, why can’t they pay full wages to their assets now?”

Klang-based Razman Sutiman, who runs a stall selling food for breakfast and lunch, said he was still operating but on a smaller scale.“I used to cook over 10 dishes, but now I will keep it at around five dishes and in smaller quantities as some of my regulars still come for take-away.

“Many have told me to stop operating for my own safety, but I need to have an income or it will be hard for my family of six,” said the 50-year-old.

Vegetable trader Lye Kian Sin, 45, said business at his stall at a covered morning market in Melaka was badly affected by the MCO.

He said the water rationing in the state was also not helping.

“Customers have been avoiding buying vegetables because a lot of water is needed to wash them.

“They would rather go for takeaway or food delivery,” he said, adding that his sales had dropped almost 70% this month.

Graphic designer Liza Md Rusni, 41, from Shah Alam, said she was concerned about the well-being of her children, who are struggling to cope with being indoors.

The mother of two said she had tell them over and over why they could not go out to play.

Having lost her sales executive job two months ago, Bavani Suresh, is concerned about her career prospects.

“More worrying for me is that I won’t be able to get a job. I have not been getting calls for interviews for weeks now and I can only stay at home,” said the 29-year-old from Klang.

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movement control order , MCO , cost , income

   

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