,Malaysia Semiconductor Industry Association (MSIA) president Datuk Seri Wong Siew Hai called the E&E sector the “golden goose” of the Malaysian economy, especially in current times of macroeconomic weakness.
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PETALING JAYA: After months of business disruptions and operating at reduced capacity, businesses in Malaysia are finding it harder to stay afloat if Covid-19 restrictions are prolonged.
Industry groups are appealing to the government to allow all businesses, regardless of the states they are based in, to operate at full or increased capacity if a high percentage of their workforce have been fully vaccinated.
The industry players are also asking for further government stimulus and non-monetary assistance to help all affected businesses to reopen and ramp up their production capacity.
The urgent call for help came following the warning from the Entrepreneur Development and Cooperatives Ministry late last month that some 580,000 businesses, or 49% of the micro, small and medium enterprises (MSMEs), are at risk of failing by October, if they are not allowed to open up their operations by then.
On Aug 8, Prime Minister Tan Sri Muhyiddin Yassin announced the relaxation of some Covid-19 restrictions beginning from yesterday.
However, the relaxations were mostly skewed towards the social sector in states that are already in phase two, three and four of the National Recovery Plan (NRP).
Speaking with Starbiz, Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) president Datuk R. Ramanathan (pic, below)) said the announcement by the Prime Minister was not well received by the industry.
“The majority of business sectors are based in the Greater Klang Valley, which is still seeing daily cases above 10,000 and currently categorised as in phase one.
“The announcement means no significant impact to the businesses at this point of time,” he said.
Speaking with Starbiz, Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) president Datuk R. Ramanathan (pic) said the announcement by the Prime Minister was not well received by the industry.
Ramanathan urged the government to immediately allow non-essential businesses to start operating “before it is too late”.
“The MSMEs nationwide are ready and willing to impose strict standard operating procedures and give good support towards the national vaccination target of 90% by the end of September,” he added.
On the other hand, Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai, who welcomed the easing of restrictions for individuals who have been fully vaccinated, said the business sector also looks forward to further relaxations.