KUALA LUMPUR, 4 June 2020 – The government is drafting a Temporary Measures Bill to mitigate the social and economic impacts of COVID-19, said the Ministry of International Trade and Industry (MITI), as reported on Bernama.
The ministry said the survey and valuable suggestions for the bill, which had been made public on Malaysia Productivity Corporation’s online consultation platform called Unified Public Consultation (UPC), will be on June 5.
“Be part of this effort and provide your suggestions for the bill,” MITI said in a recent post on Twitter.
One of the respondents suggested for the government to create an e-commerce platform under the responsible ministry for all small and medium enterprises (SMEs) as the existing platform might have a mixed level of businesses, hence the focus on growing SMEs is not so impactful.
Another respondent said the federal and state governments, as well as private organisations, should consider enacting a law or rules for all bonuses/initiatives/financial aid (additional to the usual salary) to be credited via this e-commerce platform.
“Subsidies also can be channelled through this platform. This will ensure that all chances of getting extra funds/income are focused on the development of SMEs,” said the respondent.
Another respondent suggested that there should be a central coordinating body for all agencies, where every ministry and state government must have a central coordinating committee to respond to queries and agency statements.
Read more: How SMEs Can Survive the COVID-19 Pandemic