This is the fourth time that Malaysia has reported only double-digit figures for daily new infections since the Movement Control Order was enforced on March 18 — all of which occurred in the last five days.
This move does not come as a surprise after the series of selldown in shares of other listed companies the SPV held.
“We take great comfort that the banking system is well-positioned to absorb the potential damage from Covid-19."
Apart from revenue loss, they will be impacted by poor credit standings.
The committee’s aim is to strike a balance between the nation’s economic priorities and the effective enforcement of the MCO.
However, the ministry now faces the issue of distributing the PPEs to the respective hospitals in need of the gears, especially in Sabah and Sarawak.
The equipment fund has RM13.775 million pledged, while the health care workers’ fund has reached RM10 million.
This is because the allocated amount is not sufficient since it is estimated to cover only 3.3 million workers.
The biggest challenge for SMEs is cash flow as they evaluate how Malaysia’s RM250 billion Prihatin Rakyat Economic Stimulus Package will mitigate COVID-19’s economic impact on them.
This is as the nation recorded another 150 new patients, pushing the tally to 2,470.
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