PRIME Minister Tan Sri Muhyiddin Yassin announced a four-phase Covid-19 recovery plan on Tuesday. Since the pandemic hit our shores and the first movement control order (MCO) was enforced on March 18 last year, this is the first time the government has come up with an exit strategy out of the pandemic.
For the business community, this provides some clarity after more than a year of uncertainty over how we plan to wriggle ourselves out of this public health-cum-economic crisis. We have been groping in the dark for solutions on how to walk the lives-livelihood tightrope since MCO1.0.
We understand why restrictions that are harmful to businesses are being imposed, but there’s only so much that businesses can shoulder before the bottom line realities set in. To make things worse, uncertainty over how much longer we have to put up with the economically-choking restrictions and what kind of new standard operating procedure would be rolled out is making all manner of business planning an exercise in futility.
But with the unveiling of the recovery plan, the government has given the business community confidence to make medium and long-term plans.
For example, we can now plan weeks or months ahead in anticipation of whether or not restrictions will be lifted or whether tighter ones will kick in based on the daily infection numbers and hospital beds capacity.
With the Covid-19 National Immunisation Plan (NIP) picking up pace, we can expect the daily new infections to not just dip but also drop at an increasing speed. As such, we can now look forward to a slow but eventual return to the pre-pandemic days.