PETALING JAYA: It is necessary for the government to provide various kinds of assistance, including financial aid, to help small-and-medium industries and the underprivileged group overcome present difficulties even if it means relying on a larger national debt, according to the Malaysia-China Chamber of Commerce (MCCC).
“What is important is that the decision-making and application of such emergency funds must be transparent, efficient and targeted,” it said in a statement today.
MCCC noted that while having stricter standard operating procedures to curb the spread of Covid-19 infections will cause suffering and even more economic losses to people and enterprises, this short-term loss is a necessary price for long-term safety.
Besides improving vaccine production capacity, MCCC believes that based on China’s successful experience against Covid-19, Malaysia should set up a joint special committee with China to strengthen the interaction and exchanges between the official agencies and pandemic experts in both countries.
Source: The Sun Daily
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