Covid-19 financing bill not all-encompassing, says FMM

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The Temporary Measures for Government Financing Coronavirus Disease 2019 Bill 2020 has proposed to provide temporary reprieve for businesses against legal disputes and protect them from resulting legal suits. However, Federation of Malaysian Manufacturers (FMM) president Soh Thian Lai opined that the bill, as it currently stands, is not all-encompassing as the temporary relief measures only applied to seven categories of contract carried out for the period from March 18 until the end of the year. The bill was passed at the policy level after being debated in Parliament yesterday. “With the exception of supply of construction material and equipment, the Bill does not cover other manufacturing-related sectors and its supply chain,” Soh (above) said. FMM maintains that business recovery may take between four months and two years depending on the sectors and impact that Covid-19 has h…