The Cabinet Meeting held on yesterday has agreed to establish a Special Cabinet Committee to develop strategic measures in safeguarding Malaysia’s economy and labour market impacted by Covid-19 with the aim of striking a balance between the nation’s economic priorities and the effective enforcement of the Movement Control Order (MCO).
Ministry of International Trade and Industry (MITI) in a statement today said, other key focus areas of the Committee include measurers to sustain Malaysia’s economic engines particularly the Small and Medium Enterprises (SMEs) during the MCO and ensure effective mitigation efforts in addressing displacement of labour force among Malaysians.
“The inception of the Committee also reflects the Government’s quick response to address issues highlighted by the ‘rakyat’ and the Malaysian business community.
“The Special Cabinet Committee will be co-chaired by Senior Minister and Minister of MITI, Datuk Seri Mohamed Azmin Ali and Senior Minister and Minister of Defence, Datuk Seri Ismail Sabri Yaakob. Members of the Special Committee will also comprise those involved in the nation’s economy and security,” it said.
In addition, the MITI will be engaging with industry players from various sectors to gather insights from people on the ground.
This effort is key to ensure the Committee will address specific issues facing the business community particularly, SMEs, manufacturers and investors.