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April 23, 2020

PM: MCO extended till 12 May 2020 & Economic Recovery Plan

Prime Minister Tan Sri Muhyiddin Yassin on Thursday (April 23) announced that the movement control order (MCO) will be extended by another two weeks.

It is the third time that the government has decided to extend the MCO.

Muhyiddin said Covid-19 cases had shown a reduction in recent weeks.

Prime Minister Tan Sri Muhyiddin Yassin has directed the Ministry of Finance, Economic Planning Unit (EPU), and the Prime Minister’s Department to formulate a comprehensive Economic Recovery Plan for the short, medium and long term.

He said the plan was aimed at ensuring the economic activities could be revived quickly after the Movement Control Order (MCO) period has ended.

“The focus currently is to identify measures and initiatives that can spur economic growth in the short and medium term, as well as to encourage confidence of the people and investors to regenerate the nation’s economy.

Source:

The Star

Bernama

 

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