Pekema: Our members can cut losses with reopening of economy | Malay Mail

📆 5/3/2020 4:54 PM
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KUALA LUMPUR, May 3 — With the gradual reopening of economic sectors under the conditional movement control order (CMCO), the 177 member companies of the Malay Vehicle Importers and Traders Association of Malaysia (Pekema) can heave a sigh of relief. Its president Datuk Zainuddin Abdul Rahman...

People keeping their distance from each other outside Giant Hypermarket during the movement control order in Shah Alam April 5, 2020. — Picture by Miera Zulyana

Its president Datuk Zainuddin Abdul Rahman said resumption of operations could reduce losses sustained by its members, whose fixed operating costs are estimated at RM135 million a month. “The resumption of economic activities could reduce the unemployment rate among Malaysians,” it said in a statement today.

It follows the positive results from two of the six strategies to combat Covid-19 — strict measures to contain the outbreak, and building resilience through the Prihatin Economic Stimulus Package.

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