MCO 3.0 must come with aid, loan repayment moratorium, say economists


Ragananthini Vethasalam

Economists say it is important for the government to narrow down aid recipients from the stimulus packages. – The Malaysian Insight pic by Irwan Majid, May 12, 2021.

A TARGET-SPECIFIC economic package that includes a moratorium on loan repayment will be required even though the impact of the third movement-control order (MCO 3.0) may not be as severe as that of the previous lockdowns, said economists.

Research houses have projected that MCO 3.0, which begins today till June 7, may result in economic losses of RM300 million a day, compared with the whopping RM2.4 billion during the first MCO in March last year.


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