COMMENT | Putting the economy on a strong footing

COMMENT | The RM35 billion short-term national economic recovery plan (Penjana) announced by Prime Minister Muhyiddin Yassin is timely and appropriate on five counts – arresting the increase in unemployment and business closures, easing the cash flow of businesses, driving consumption which is an engine of growth and a relevant focus on digitalisation.

Coming at the end of the conditional movement control order (MCO) and coinciding with the next phase of the MCO – the recovery MCO – Penjana epitomises the next concrete step the Muhyiddin administration is taking as part of the overall strategy in the recovery phase of the economy.

It pursues the approach of gradually reopening the economy in a careful, coordinated and orderly manner alongside the sense of urgency to push through the changes needed as we navigate our way towards a post-Covid-19 world.

Let’s walk through the five main themes...