Malaysia stands to lose RM2bil daily

Prime Minister Tan Sri Muhyiddin Yassin (front, right) holds a meeting with the National Chamber of Commerce and Industry Malaysia (NCCIM) led by President Tan Sri Datuk Ter Leong Yap (front, left) at the Parliament today. Also present were Finance Minister Senator Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed. -- fotoBERNAMA

PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has painted a grim picture for the country if Covid-19 cases continue to rise and the government is forced to revert to the movement control order (MCO) from the recovery MCO stage.

If this were to happen, the nation stood to lose RM2bil daily while millions of Malaysians would lose their source of income, said Muhyiddin, hinting that a return to MCO would be counterproductive to everyone’s efforts so far.

Throughout the MCO period, the government had pumped RM295bil into the Prihatin, Prihatin Plus and Penjana economic recovery packages, under which the wage subsidy and worker retention programme had saved over 2.75 million jobs, he said.