'Economy poised to recover with gradual reopening of sectors under conditional MCO'

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The gradual reopening of various sectors of the economy, with companies and organisations strictly adhering to the standard operating procedures (SOP) under the conditional movement control order (MCO), is important in enabling Malaysia to recover positively, said economists. They believed the government’s decision to allow the resumption of certain sectors, with the conditional MCO enforced in a controlled and orderly manner, was the right move to restore the economy without neglecting the health and well-being of the people. Socio-Economic Research Centre executive director Lee Heng Guie said without the gradual reopening of the economic sectors, the economic damage could be even more severe and by disallowing all sectors to reopen simultaneously would avoid recurrence of a second wave of the pandemic. He said although Malaysia has met six criteria set by the World Health Organ…