Prof. Yeah Kim Leng said the nation’s production capacity would be reduced as assets are sold off and workers could be laid off or have their salaries cut.
Prof. Yeah Kim Leng opined that a sharper economic decline is expected as consumption and production activities have been affected by the movement restrictions.
Prof. Yeah Kim Leng told CNA that the government can increase its spending to reduce the economic impact.
Dr James Chin said that Malaysia is on the right track in terms of its mitigation plan, although adding that the MCO could have been in place earlier.
Prof. Yeah Kim Leng said fund managers should adopt an ‘averaging down’ investment strategy to reduce losses, and position strategically for a market recovery.
JCI President Prof. Woo calls for “emergency room economics” to be implemented while the MCO is in force, with aid given to those earning low incomes.
Prof. Yeah Kim Leng said those affected should focus on meeting their basic needs first.
Prof. Yeah Kim Leng said given the current state of affairs, "it is desirable to maintain a floor price, and fuel tax goes into a stabilisation fund".
Prof. Yeah Kim Leng said the hit to the country’s GDP in the face of the Covid-19 outbreak was equivalent to an estimated 120,000 to 180,000 job losses
Prof Dr James Chin says “If you look at his political history, every time there has been a political crisis he is the last one to show his hand,”