Second economic stimulus package on the way
Published on: Friday, April 17, 2020
By: Sherell Jeffrey
Text Size:

File photo: Bernama
Kota Kinabalu: The State Government is preparing an Economic Stimulus Package to boost growth and strengthen the State economy following the Covid-19 outbreak, said Yang di-Pertua Negeri Sabah Tun Juhar Mahiruddin.

He said the main objective of the second package is to inject the confidence of investors and business community towards the State’s economic growth once the Movement Control Order (MCO) is lifted. 

“The Government needs to assist investors and the business community not only in their recovery efforts but also in ensuring the growth and continuity of their business direction. 

“The global economy is currently in a state of shock due to the Covid-19 outbreak, which has had a major impact on our country’s economy,” he said.

He said the enforcement of the nationwide MCO from March 18, which was subsequently extended to the third phase until April 28, to curb the spread of the virus, has affected various economic and social activities of the community except for important sectors and services (essential services). 

He noted that during the MCO period, the people had to restrict their movement and adapt to work from home. 

“I would like to take this opportunity to advise all citizens to maintain good hygiene and adhere to the rules set by the Government to curb the spread of the Covid-19,” he said. 

He said the State Government is very concerned and understands the difficulties of the people and the business activities affected by the outbreak. 

“As such, the State Government has launched a RM670 million inclusive Sabah Covid-19 Aid Package, “Sabah, We Care”. The package includes assistance to a variety of affected people, frontline workers, Small and Medium Industries (SME) entrepreneurs and small traders.

“I would like to express my gratitude to the State Government for taking such prompt and timely action by establishing the Sabah Covid-19 Command Centre to curb the spread of Covid-19.

He noted that the Sabah Covid-19 Command Centre has been responsible for making important decisions on behalf of the State Government, co-ordinating the implementation of assistance and actions and co-ordinating information and status during the Covid-19 outbreak threat in Sabah.

He also noted that the Disaster Management Centre under the Sabah Covid-19 Command Centre was also opened to facilitate the dissemination of information to the people.-Sherell Jeffrey


Other News

Follow Us  

Follow us on            

Sabah Top Stories