Foreign labour shortage, MM2H issues among matters raised by industry players during meetings, says Dr Wee thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Steel sector
PETALING JAYA: The RM45bil domestic steel sector has been severely impacted by the prolonged Covid-19 led lockdowns with many players unable to operate and fulfil their outstanding orders, despite the current robust export market.
According to Malaysia Steel Association (MSA) president Tan Sri William Cheng, most steel manufacturers are facing tremendous financial losses, especially those operating in Selangor and Kuala Lumpur, the powerhouses of industries and services that contribute over 40% of the country’s gross domestic product (GDP). “Any extension of the enhanced movement control order (EMCO) will have dire consequences on almost all the manufacturers and businesses, ” he said.
PETALING JAYA: The latest round of restrictions has taken a toll on most businesses – retail and non-retail alike. In the retail sector, traffic in sh.
Covid-19: PM to announce big aid package soon, says KJ thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: The Pemerkasa Plus stimulus package is insufficient to cushion the brunt of the current lockdown's economic impact, says Malaysia Retailers Association (MRA).