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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 [...]

Strategic Production Zones – Rapid Response to COVID19

The recent announcement that a committee jointly chaired by senior ministers in charge of security and economy clusters respectively demonstrates that the Malaysian government is serious about creating a balance between continued safety of the general population and the survival of the economy. In the global context, as many countries struggle to deal with the medical response to COVID19 this step represents a broader and indeed a rapid response to the COVID19 crisis. The clearly stated objective of this new committee is to balance the medical risks and rewards of increased production during the current situation. This rapid response is testimony to Malaysia’s currently rank of 12th in World Bank Doing Business 2020 report. From the perspective of crisis management all scenarios need to be taken into consideration. This includes the scenario that a prolonged crisis becomes the new reality that people and companies must be able to function [...]