Latest aid package more ‘band-aid’ than long-term solution, say economists

Chan Kok Leong

A shop owner in Kota Kinabalu waits behind a locked grill for a delivery. Economists say the government has not provided enough in its latest stimulus package for MCO 3.0. – The Malaysian Insight pic by Irwan Majid, June 2, 2021.

THE latest Permerkasa Plus incentive announced by the government on Monday appears to be a “band-aid” rather than a long-term solution to problems caused by Covid-19 lockdowns, said economic analysts.

Research For Social Advancement Berhad (Refsa) visiting fellow and former finance ministry officer Hafiz Noor Shams described the package, unveiled for the hard lockdown from June 1 to 14, as “underwhelming”.

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