Business leaders laud Apec economic recovery plan

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Finance Minister Tengku Zafrul Aziz (centre) and ministry officials at the Apec Virtual Finance Ministers’ Meeting on Friday.PETALING JAYA: Malaysian business and trade leaders approve of the commitment from Asia-Pacific Economic Cooperation (Apec) finance ministers to support multilateral coordination in response to the Covid-19 pandemic.Munir Majid, chairman of the Asean Business Advisory Council Malaysia, told FMT he welcomed statements made at last week’s virtual Apec conference but said the relevant ministries would now have to make good on their promises.At the conference, representatives of member nations stated their commitment to working towards establishing tax, trade and business policies that would allow the region to rebuild its economy.Munir said any improvement in supply chain efficiency would greatly benefit the health, food and medical sectors since many suppl…