Data affirms country’s readiness to reopen economy, says Finance Minister

Finance Minister Tengku Zafrul Tengku Abdul Aziz said the government has sufficient data to show that Malaysia is ready to reopen its economy to allow sectors to start operating.

However, companies and sectors are not forced to operate on May 4 if they are not ready to do so.

“Not all economic sectors have to start operating come Monday. Sectors that are ready would have to follow the required SOPs,” he said in his interview with TV3.

In regards to the six-month moratorium period, the finance minister says the period is still automatic and banks would¬† have to require their’s customer consent before going ahead.

He further urges the central bank and the financial institution to consider not charging accrued interests during the moratorium period.

The ministry is also in discussion with relevant agencies in preparation for the Economic Recovery Plan with plans to announce the recovery plan by the end of May.

 

 

 

 

 

 

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