COVID-19 Critical Minerals Strategy – Policy Insights

  Since the COVID19 outbreak, many industry players in Malaysia have taken a hit, with the government forced to come up with an economic stimulus package that will be announced on Feb 27, to mitigate the impact.  Malaysian Media recently asked Nordin Abdullah the following question. How do you think the government can best come up with something sustainable, what in your opinion should be included in the stimulus package? The is an opportunity in the wake of the COVID19 crisis to change strategy and policy for governments and the corporate sector alike, and to look at not just trying to survive the fallout of the COVID19 Outbreak. 2019 MEF predicted 30,000 to 40,000 lay-offs, and it really happened. Experts say we’re looking at a possible 100,000 retrenchment nationwide.  This may happen, some sectors will be hit harder than others. Yet there are sectors that will do well and are [...]

COVID-19 Critical Minerals Strategy – Policy Insights2022-02-03T10:48:02+08:00

COVID-19: Wake Up Call for Supply Chain

2)With business activities in China slowing down as some towns and cities are put under lockdown, analysts have claimed that many economies globally that consider China their trade partners would feel the pinch? Can you give some examples of those feeling the pinch? https://www.youtube.com/watch?v=LvP5Mp3lJnc Those with supply chains that rely heavily on products or components from China will be hit, we have noticed that tourism has been directly impacted, this we expect to pick up by the second half of the year as hotels and airlines will be passing out some great packages.  Many of the conferences have quickly shifted the dates to the second half of the year. The Technology sector and the manufacturing of the hardware components, have been affected as some parts are not available even if your factory is another country. By extension the logistics sector has been impacted. This crisis, is in fact an opportunity [...]

COVID-19: Wake Up Call for Supply Chain2020-02-28T15:33:43+08:00

COVID-19: Impact on The Gig Economy

1)They say that If the situation persists, the retrenchment figure can reach as high as 100,000, which is more than double in 2019, can you give some context to this prediction?  https://www.youtube.com/watch?v=8bYVrojciHo There are certain sectors of the economy that have impacted negatively more than others, at the same time some sectors like the healthcare sector and pharmaceutical are posting very good results. Many Malaysian have already embraced the “Gig Economy” which means that they will be able to shift their skills into sectors that need more labour at the moment. For those that are faced with layoffs the government has successfully implemented the Employment Insurance System under PEKESO which will help those looking for jobs with assistance. So in that context Malaysia is better off than when the SARS hit a few years ago.

COVID-19: Impact on The Gig Economy2020-02-28T15:02:21+08:00
Go to Top