DAP: MCO necessitates another stimulus plan, RM45b minimum

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The latest round of movement control order (MCO) has made another stimulus package necessary, said DAP secretary-general Lim Guan Eng.Lim said while Finance Minister Tengku Zafrul Abdul Aziz does not expect the current round of MCO would hurt the country’s growth, reality speaks otherwise.“Try telling that to those businesses in the tourism sector closing down or those suffering huge losses in the retail sector from the MCOs.“Is Perikatan Nasional hinting that there will not be forthcoming government assistance under MCO 3.0?” asked Lim in a statement today.Lim, a former finance minister, said the public and the economy now desperately need “life support” and mooted a RM45 billion direct fiscal injection to slow down retrenchments, job losses, business closures, and protect livelihoods.Among others, Lim said the sum can be used as follows:- RM12 billion for monthly welfare pay…