Good to know, All recovering as US Dow Futures are recovering.

Malaysians now very free. Can follow Dow Futures so closely.

Happy trading Arbb 7181 fighters!

Good morning to all arbb 7181 fighters

Technical analysis are just to detect a trend. During market correction, all trends will be broken.I think everyone is afraid of the coming recession.

But the recession will be OK before the US presidential election in November.


But before that I still think the coming recession will look like 2008+2000+1997+1987+1929.

Companies that can survive this will do very well in October.

I can be very wrong. But if i am right, 恭喜发财to all ARBB 7181 fighters yo!

New controlled clinical study conducted by doctors ​in France shows that a combo of Hydroxychloroquine & Azithromycin (Z-Pak) cures 100% of coronavirus patients within 6 days of treatment (covidtrial.io)


March 20, 2020 Update: Coronavirus treatment breakthrough: French study confirms that a combination of Hydroxychloroquine (HCQ) and Azithromycin are effective in treating COVID-19 patients.

Earlier today, we published a story about a new study published by NIH which shows that Hydroxychloroquine has been found to be more effective and potent than chloroquine in vitro treatment of coronavirus. While the media is focused on the vaccine race and leaving the discussion of THERAPEUTICS almost completely neglected, a recent well controlled clinical study conducted by Didier Raoult​ M.D/Ph.D, et. al in France showed that 100% of patients that received a combination of HCQ and Azithromycin tested negative and were virologically cured within 6 days of treatment. According to a new unearthed paper, new evidence shows CDC knew since at least 2005 that chloroquine is effective against coronaviruses.

In the meantime, the Food and Drug Administration (FDA) has approved the ‘compassionate use’ of chloroquine to treat coronavirus patients in the United States. In addition, recent guidelines from South Korea and China report that hydroxychloroquine and chloroquine are effective antiviral therapeutic treatments for novel coronavirus.

A therapeutic agent that prevents infection with novel coronavirus is highly desirable–especially for persons with high-risk exposure (e.g healthcare professionals) as well as persons with comorbidities (heart disease, diabetes, etc) and compromised immune systems. Ground-breaking in vitro studies demonstrate potential efficacy of hydroxychloroquine as a prophylactic for novel coronavirus infection in primate cells.

Note: Hydroxychloroquine (brand name Plaquenil) is an inexpensive, globally available drug (tablet) that was approved for widespread medical use since 1955. It is commonly used today to treat malaria, systemic lupus erythematosus and rheumatoid arthritis.

The study is part of the initiative from an independent group of scientists and physicians working on an open-data clinical trial for prevention of COVID-19, through the use of hydroxychloroquine in combination with other therapeutic agents. The group is now calling on President Trump to allow Americans to use the drug.

Unlike a typical commercial drug trial, the objective of the group is to share trial data with the public* and health-care professionals as close to real-time as possible (with a reasonable level of data quality assurance). Given the rapidly spreading coronavirus pandemic, the group is looking for every possible means to fast-track the effort. You can read their draft paper at https://www.covidtrial.io/

Good morning to all arbb 7181 fighters

“The only true wisdom is in knowing you know nothing.” Cheers guys

GOOD MORNING TO ALL ARBB 7181 FIGHTERS. RELOAD YOUR BULLETS AND BE PREPARE!

Afternoon guys, china nearly 90% SME contribution country economy,Malaysia also nearly 90% SME contribution economy now PH reform development economy model same as china .SADLY PH backside got kick and form PN. lmao

ANKARA

Malaysia on Thursday said it could deploy its armed forces to fully implement movement controls placed to stem the spread of the novel coronavirus.

Malaysian Defense Minister Datuk Seri Ismail Sabri Yaakob said using the armed forces to prevent the spread of the virus "was among the suggestions raised at the special meeting on COVID-19 on non-health related matters," local daily The Star reported.

"I hope that this will not be necessary but if the compliance rate remains low, there is a big possibility that the military will be used [to get people to stay at home]," Yakoob told reporters.

Malaysia recently imposed the measures, known as the Movement Control Order (MCO), on Wednesday to run until the end of the month. It includes a ban on non-essential workplaces and urges people to stay at home.

Yaakob cited police figures showing a roughly 60% public compliance rate with the MCO precautions.

Malaysia has reported 790 cases of COVID-19. Two people have died of the disease, with nearly 60 others recovering.

Malaysian officials announced they had traced over 10,000 attendees of a mass religious gathering held last month amid the global COVID-19 pandemic, according to the daily Malay Mail.

10,000-person prayer gathering

Urging participants of the gathering to apply for medical tests, Health Director-General Datuk Dr. Noor Hisham Abdullah said one of the participants died on Wednesday.

Noor Hisham added that 10,650 such people were traced.

"Up until midnight March 19, 2020 [March 18, 2020, 1600GMT], 10,553 of the tabligh [Islam preaching] congregants that attended the gathering at Masjid Jamek Seri Petaling have been checked, 4,986 samples taken and 513 positives," he said on Twitter.

Since first being detected in Wuhan, China in December, the novel coronavirus has claimed 8,810 lives globally, most in China, according to global data maintained by Johns Hopkins University (JHU).

At least 218,823 cases of the virus have been confirmed in at least 158 countries and territories, with Europe as the new epicenter of the pandemic, according to the World Health Organization.

Despite the rising number of cases, most people who get infected suffer mild symptoms and recover.

Good morning to all arbb 7181 fighters

Good morning to all arbb 7181 fighters

Can Malaysia manufacturers afford to pay 14 days demurrage charge for chartered ships, air cargo, Iso-tanks and containers waiting for cargo loading?The worst is just begin for Malaysia capital market when the PN government forced all non-essential manufacturers to shutdown disregard even those export-oriented E&E sector operate in clean room environment and Palm oil industries where the FFB will rotten on the tree or field and those manufacturers for export market will face huge demurrage charges

Good morning to all arbb fighters

GOOD AFTERNOON TO ALL ARBB7181 FIGHTERS

Equity market indicators, regulatory ratios and banking supervision

BANKING is one of the most heavily supervised and regulated industries. Yet, banking failures always seem to catch regulators and depositors by surprise. Why is this the case?

A recent International Monetary Fund’s (IMF) study argues that the disconnect may be due to regulators looking at the wrong ratios. The regulatory ratios, the study argues, are by definition stale, backward looking and ones that are complex and have been computed based on a large number of estimated parameters.

For example, the Tier 1 capital ratio — a commonly used regulatory indicator that uses risk-weighted assets — requires not only a huge number of computations, but also parameter inputs that are estimates.

Critics like Andrew Haldane of the Bank of England argue that the complexity not only increases opacity, but the subjectivity involved renders it no better than a coin toss in predicting bank failures.

Banking regulation revolves largely around the three pillars of the Basel framework. Bank supervisors are supposed to evaluate banks based on the CAMELS framework — an acronym for capital adequacy, asset quality, management, earnings, liquidity and sensitivity to market risk.

Since many parts of this assessment are subjective, there is a tendency to focus on the numerically derived ratios, in particular the Tier 1 capital ratio.

Such a focus may be inherently flawed since the ratio is computed infrequently, quarterly at best, is backward looking and often plagued by issues of accounting treatment.

Rendering suspects its use as an early warning signal. No surprise, therefore, that the Royal Bank of Scotland supposedly had the second-highest Tier 1 ratio of the UK’s top banks until just before needing a bailout.

The IMF study cites several other cases where the regulatory ratios were simply too late to be of any use. In overcoming the inadequacy, this and several previous studies suggest the use of equity market indicators of solvency together with the regulatory ratios in assessing bank stability.

Several market-derived indicators like the yield of a bank’s outstanding bonds or the spread of its credit default swaps (CDS) could be of use.

Some argue equity market indicators are superior to debt market ones, largely because equity markets are more liquid and more efficient at processing new information than other markets.

The presence of equity analysts and other researchers, who closely monitor listed firms, ensure equity prices quickly adjust to new information.

Equity prices are forward looking with expectations built-in, thereby enhancing their currency and relevance as indicators of solvency.

Using a sample of 220 listed banks across the world, one research paper examined the relative efficacy of the regulatory Tier 1 ratio against several market- derived ratios like the market capitalisation ratio, leverage ratio, implied volatility and CDS spreads in predicting bank distress.

When tested for the period just prior to the global financial crisis of 2008-09, the Tier 1 ratio performed poorly, confirming Haldane’s argument that they may be no better than a coin toss.

By contrast, the best predictability came from the market-based ratios. The best and cleanest was the market capitalisation ratio. The results were consistent even in the post-crisis period.

These findings have huge implications for banking regulators and policymakers of the Muslim world. Given the generally underdeveloped capital markets and infantile equity markets, the central banks of these countries may be missing a key lever of banking supervision and regulation.

If market-based ratios are wonderful predictors of banking fragility, the underlying assumption is well functioning markets. Unless equity markets are efficient and functioning smoothly, market-based ratios cannot be meaningful.

For this to happen, several requisites have to be met. First, banks must all be publicly listed and equity markets have to be highly liquid, offering the depth and breadth needed by the diverse range of participants.

Good governance of the listed entities needs to be ensured through regulation that compels adequate timely disclosure. Rule of law and its fair enforcement needs to be paramount.

Holding management accountable to the various stakeholders is a necessity. Since equity markets are an intermediary just like banks, faith and confidence in them are important.

While the regulatory framework and ratios are intended to instil this confidence, the experience with past bank failures has shown there can never be enough regulation to make a very brittle system supple enough to withstand shocks.

The Basel banking framework has evolved with each systemic banking crisis and the current version, Basel III, was born out of the inadequacies exposed by the last subprime induced global financial crisis.

Tech sector recovery anticipated in the 2H20

THE technology sector is expected to see a mixed outlook for the year — as related companies and firms strive to balance their demand and supply — amid global tech giants’ warning of demand softness along with a challenging and uncertain operating environment following the Covid-19 outbreak.

“The final quarter results were a mixed bag with under-performance or matching our expectations, at best. We started 2020 in a rather bearish stance, but since the share prices of sector companies have retraced a lot, it’s not as bearish,” Hong Leong Investment Bank Bhd (HLIB) senior analyst Tan J Young told The Malaysian Reserve in a brief reply yesterday.

The investment bank is taking a conservative stand on the sector in the absence of near-term catalysts and taking into consideration the seasonal weakness in the first quarter of the year (1Q20).

Tan maintained his ‘Neutral’ call on the technology sector but has rolled forward all stock valuations to the next calendar year (CY21), as global sales and spending forecasts are pointing north for 2020 with moderate expansions.

“The boost local companies may get from a stronger US dollar may be neutralised by higher commodity prices. Growth is expected to be driven by smartphones, communication, high-performance computing (HPC) and Internet of Things (IoT), while automotive takes a back seat,” he stated.

BIMB Securities Research in a note on Tuesday said while the firm has maintained its ’Neutral’ outlook on the overall sector, it has an ‘Overweight’ call on the IT services subsector and an ’Underweight’ call on the outsourced semiconductor assembly and test (OSAT) subsector.

“We are positive on the IT services subsector as we believe the companies under coverage will continue to benefit from ongoing government efforts to adopt digitalisation in all business levels.

“Our negative outlook for the OSAT subsector is due to uncertainty on global semiconductor sales, which would exert downside risk to earnings for companies under our coverage,” it said.

How Prepared is Malaysia in the IR 4.0 and Big Data Race?
Dato’ Vignaesvaran mentioned that it is inevitable that IR 4.0 will reach Malaysia, saying that “it is not a matter of ‘if’ but ‘when’ – and that ‘when’ is already upon us”. He stresses that whether Malaysian business owners are prepared or not, they must take it upon themselves to adopt the technology or lose out in the long run.

He repeatedly stated that Industry players must not assume that IR 4.0 will not affect them, as even lorry drivers in the transport business will be affected. In developed countries, new technologies are being developed and tested whereby old machines and operation systems in transport companies are retrofitted with more intelligent technology which can record orders and direct autonomous vehicles to deliver stocks at the most opportune times, all without the need of human drivers, supervisors or stockists.

As IR4.0 becomes less of science fiction and more of a reality, Indian business owners need to learn more about how to safeguard their trade from losing the competitive edge. The way to do this is to be educated via engaging with the HRDF training programs and other available programs to help SMEs face the coming challenge of IR 4.0

ARBB7181 YOUR THE BEST!

What is the Need to Re-Skill, Up-Skill and Multi-Skill Employees?

Recently, Datuk Seri Abdul Rahman Dahlan, the minister in the Prime Minister’s Department mentioned that up to 65% of Malaysian could lose their current jobs by 2027 as technological advancements render people’s tasks redundant. Retrenchment could become the norm in the not too distant future as companies restructure skill allotments due to the adoption of IR 4.0 technology.

While Dato’ Vignaesvaran does not deny this possibility, he also states that the HRDF is committed to helping businesses and especially SMEs re-train their staff and upgrade them. One example of this is how the HRDF is working with a factory in Ipoh to train their operators to reach assistant engineer levels.

HRDF is also channelling funds to other training programs to encourage ICT adoption and the utilizing of Big Data by employees so that they not only know repetitive jobs, but are able to handle more complex systems when the IR4.0 technology finally hits the Malaysian industrial scene.

Fears and Misconceptions about IR 4.0 Debunked
According to Dato’ Vignaesvaran, many people misunderstand IR 4.0 and think that it involves purely the automation of production processes. He stresses that this is not the case, as IR 4.0 technology involves the key aspect of ‘The Internet of Things’, whereby automated machines are now able to communicate with one another and transmit data from one machine to another.

IR 4.0 also goes one step further and has technology that will be able to make decisions on its own in an autonomous manner and therefore optimize production without the help of humans. Additionally, these machines will be able to perform tasks impossible or unsafe for human workers, meaning that they can reach formerly unreachable places and work harder and longer than humans ever can.

In addition to just having misconceptions, Dato’ Vignaesvaran also highlighted the two main fears regarding the advent of IR 4.0, the first of which is when workers fear losing their jobs to machines and the second by business owners who are afraid that keeping up with the times will mean spending more resources than they can afford in order to replace machinery, thereby endangering their finances and losing competitiveness.

For business owners, Dato’ Vignaesvaran stated that they don’t have to replace machineries completely, as HRDF is working with PSDC to come up with ideas on how to retrofit their old machines in an affordable manner. This is to adopt the new virtual IR 4.0 communication technology which is the hallmark of the ‘Internet of Things’ concept.

He also advises SMEs to adopt this technology as soon as possible; the earlier they’re prepared, the less they stand to lose when IR 4.0 actually reaches Malaysia.

As for employees that are afraid to lose their jobs, Dato’ Vignaesvaran urges industries to start re-training their employees, stressing that employees themselves must be on a skill level that is compatible with the IR 4.0 technology if they wish to stay employable and competitive.

GOOD MORNING TO ALL ARBB 7181 FIGHTERS

IR4.0: How It’s Going to Change Malaysian Manufacturing ?

What Exactly is Industry 4.0 or IR4.0?
“With this heightened utilization of automation and digitalization, workers will have to equip themselves to stay relevant.”

In the past, the first industrial revolution started with the use of steam and water powered machines that took over manual labour. The second industrial revolution happened with the discovery of electricity, which allowed the mass production of items and greatly contributed to expanding economies around the world. Soon, computers were used to control electrically powered machines, and this led to the third industrial revolution.

Suggested Read : 7 Things You Should Know About ‘Industry 4.0’
We are all currently living in the age of the fourth industrial revolution where big data and cyber-physical systems take centre stage. “The fourth industrial revolution is about bringing a heightened sense of automation and digitalization that would eliminate the need for manpower in routine and repetitive tasks” says Dato’ Vignaesvaran. He goes on to explain that “With this heightened utilization of automation and digitalization, workers will have to equip themselves to stay relevant.”

The fourth industrial revolution is yet to hit Malaysian shores but more and more industry players expressed interest in using cyber-physical systems. Hence, the Malaysian workforce needs to be trained to handle these new systems.

According to Dato’ Vignaesvaran, only 31% of the 15 million strong Malaysian workforce is considered skilled enough and this number has to be pushed up to 35% – 40% in order to keep up with industrial demands come 2020.

only 31% of the 15 million strong Malaysian workforce is considered skilled enough

With the IR 4.0 coming into industries, the increased automation would lead to lower demand on human workers to do repetitive tasks, as these will be taken over by machines. However, Dato’ Vignaesvaran stressed that instead of firing these factory workers, the HRDF is encouraging industries to upgrade their workers from doing routine tasks like soldering, into workers who are able to operate and supervise machines that will perform the soldering on their behalf.

Industry 4.0 involves several aspects, and one key factor is known as the ‘Internet of Things’ whereby machines are not just computerized to perform tasks but can communicate with one another through the internet and through cloud computing.

Dato’ Vignaesvaran very aptly gave the example of the manufacturing of cars, where IR4.0 machines will be able to customize your car orders to more specific requirements and can request custom-made parts in the production line from other machines within its vicinity with a minimal need for human presence.

Raising Awareness about IR4.0 among SMEs
Among the important tasks for HRDF, according to Dato’ Vignaesvaran, is reaching out to SME business owners and letting them know the importance of embracing IR4.0 and understanding how this fourth industrial revolution is going to affect them and their businesses. “SMEs need to stay relevant and need to keep up with the times,” said Dato’ Vignaesvaran. He adds that aiming for zero defects in production is one of the goals that SMEs can achieve with IR4.0 technology, which will make them much more attractive to clients and customers alike.

SMEs will also stand to be more competitive as manufacturing operations can be done with a much smaller workforce than previously required. SME business owners need to realize that the fourth industrial revolution will eventually reach the country and they need to have the relevant training and information, as well as skilled employees to be able to adopt new technologies and keep up with the rest of the world.

65% of Malaysian could lose their current jobs by 2027

GOOD MORNING TO ALL ARBB 7181 FIGHTERS!

Economic stimulus package to be reviewed

PUTRAJAYA: The government has agreed to review the economic stimulus package launched by the previous Pakatan Harapan government.

Prime Minister Tan Sri Muhyiddin Yassin said the reviewed stimulus package would ensure target segments are given priority, and restore investor confidence.

“The Cabinet has agreed for the stimulus package to be re-presented and reviewed to see if the previous amount announced can be increased.

“I will leave this to the Finance Minister,” he said in a press conference after chairing his first Cabinet meeting at Perdana Putra here today.

The reviewed stimulus package, he added, would be launched in one to two weeks’ time.

The 2020 Economic Stimulus Package was announced on Feb 27 by former prime minister Tun Dr Mahathir Mohamad to safeguard the economy from impacts associated with the Covid-19 outbreak.

HAPPY READING GUYS

U.S.-China: implications of a “strategic decoupling”
From a long-term perspective, we believe that the United States and China are engaged in a prolonged strategic decoupling. Consequently, although the current détente appears to be supporting risk appetite, we don’t expect this to be sustainable. In other words, a breakdown in the phased U.S.-China trade talks continues to be a key risk in the year ahead, particularly as the focus of negotiations broadens to include more complex topics.



Issues where both sides aren’t likely to come to an agreement easily come to mind:

Intellectual property rights protection (specifically in the technology space)
China’s response to the U.S.-led Blue Dot Network, which is widely seen as a project devised to rival China’s Belt and Road Initiative
The recent inclusion of nearly 30 Chinese companies on the U.S. Commerce Department’s “entity list”
These issues are likely to make already difficult negotiations even more delicate. Where markets are concerned, this could mean further weakness in the Chinese yuan and a risk-off environment—particularly in light of slowing Chinese growth. In our view, investors will need to be more discriminating and selective in 2020.



That said, we continue to view Asia as a relatively attractive region from an asset allocation perspective—especially within the EM complex given the region’s narrower output gap, low and steady inflation, and low market volatility. Nonetheless, given the unpredictable nature of U.S.-China trade discussions, quick reversals in risk appetite are unlikely to disappear.



Within Asia, we prefer markets that are less exposed to trade tensions. As U.S. firms scramble to identify alternative products to replace Chinese imports, Malaysia’s likely to feature—in our view—near the top of their list in the short run, with Thailand and the Philippines not far behind. However, if the global manufacturing and supply chain were to shift away from China in a more permanent fashion, then Vietnam is likely to be the main beneficiary over the longer term, followed by Malaysia, Singapore, and India.

Key risks to our view
Economic forecasting, although quantitative in nature, isn’t an exact science. As the late professor Rudi Dornbusch once said, “In economics, things take longer to happen than you think they will, then they happen faster than you thought they could.”5 In this instance, our analysis could be undermined by a much sharper than expected depreciation in the U.S. dollar (USD), which could loosen global financial conditions and reboot the global business cycle, and a stimulus package from Beijing that’s large enough to rekindle growth. In our view, these two factors will play an outsized role in determining the shape of the coming Asian recovery.

Weakness in manufacturing sectors as a result of trade uncertainty is weighing on domestic demand: On a year-on-year basis, growth in private consumption demand growth has slowed significantly in the last 18 months—from 5.8% in January 2018 to 4.1% in June 2019.2 On balance, we’re inclined to believe that the risk is for more pronounced weakness in the months ahead.
Inventories are at risk of deeper correction cycle: Manufacturing inventory ratios in Thailand, Taiwan, and South Korea remain at multi-year highs⁴—where we’re concerned this is a sign that the inventory correction cycle could have further to run.



Idiosyncratic risk factors are surfacing: Geography-specific factors are weighing on domestic demand. The ongoing social unrest in Hong Kong, which contributed to tipping the territory into a technical recession in the third quarter, is one such example. Similarly, financial stability concerns in India stemming from the prolonged financial stress among rural households are also on the rise—a credit crunch among nonbank financial institutions have also increased the probability of a more entrenched slowdown in India. These are all issues that investors should monitor in the year ahead.

Policy space is relatively constrained
In our view, the policy space within which global central banks can maneuver to support growth is constrained by the already low level of interest rates. As monetary policy reaches its natural limits, the focus is shifting increasingly toward fiscal policy. Asian central banks are in a similar position given that policy rates in many countries are already at, or near, record lows. This perhaps explains why we’ve seen a flurry of announcements on the fiscal front in recent months—corporate tax cuts in India and Thailand, labor law reforms in Indonesia that are aimed at boosting investment, and China’s decision to bring forward special purpose bonds for infrastructure spending. Crucially, while the room to ease fiscal policy varies widely across Asia, it’s important to note that much of the region still has fiscal space to implement such measures. However, as budget deficits widen, deficit financing, liquidity, and the government budget constraint become important considerations.

China isn’t coming to the rescue: Over the past decade, the global economy has grown accustomed to relying on Chinese stimulus to rekindle growth. Previous slowdowns, most notably in 2008/09 and 2016, saw China unleash huge lending programs to spur construction, reviving the domestic economy and giving the global economy a nice lift along the way. Interestingly, although growth in China has slowed to its lowest level in nearly three decades, policy response to the current downtown has been limited to measures such as tax reforms, cuts to bank reserve requirements, and tweaks to local government bond issuance.



We believe Beijing will have to accept that it might miss its 6% GDP growth target for 2020—a development that would mark a critical turning point in the global growth cycle. Of note, we believe the Chinese government’s restraint can be traced back to how previous rounds of credit-fueled stimulus aggravated problems in the financials sector. Given the authorities’ stated preference to avoid fueling financial instability, the scale of any forthcoming stimulus will likely be limited in scope and insufficient to reflate the global economy.

GOOD MORNING TO ALL ARBB FIGHTERS!

Forecasting Asia's economic growth path

All things considered, we believe Asia remains an attractive region—particularly within emerging markets—but investors will do well to be more selective when investing in the continent in the year ahead.
We expect the economic slowdown in Asia—as a result of the U.S.-China trade war—to hit a trough later this year and believe the ensuing recovery will be more gradual in nature.
In our view, whether we’ll see an “L-shaped” recovery in Asia will depend on whether U.S. dollar strength persists, and if Beijing holds back from unleashing a massive stimulus to revive China’s economy.
From an investment perspective, it’s easy to adopt a sanguine view of Asia. The region’s growth rate—expected to hit 5.1% this year¹—continues to incite envy from its peers in the developed world. Equally significant is the fact that the continent occupies the quality end of the emerging-market (EM) universe, making it more appealing to investors. However, that’s not to say that the region is immune from the global economic slowdown.



In our view, the economic downturn in Asia has yet to hit a bottom. Although global risk sentiment has improved in recent weeks, stubbornly low economic growth and low inflation leave markets vulnerable to a reversal in sentiment. We expect a prolonged bottoming-out process and believe subsequent growth will be “L-shaped.”



As the world’s growth engine, the shape of Asia’s recovery has enormous relevance to investors. There are two key reasons why we believe that an L-shaped growth path looks most likely: first, there are numerous headwinds to growth; and second, the region’s governments’ ability to revive growth—from a policy perspective—is somewhat constrained.



Headwinds to growth
Asia’s economic growth is typically tied to the global industrial cycle, which has been dampened as a result of deteriorating business investment, itself a consequence of the uncertainty brought about by the U.S.-China trade war. Fixed asset investment growth in the region has already slowed significantly on a year-on-year basis from 5.1% at the start of 2018 to just half a percent in mid-2019.² Notably, given that the cumulative impact of the trade dispute has yet to be fully reflected in the economic data so far,³ it’s fair to surmise that Asian exports are likely to remain sluggish through 2020.

Muhyiddin’s government will survive, says Dr M

PETALING JAYA: Dr Mahathir Mohamad says the Muhyiddin Yassin administration will be able to last till the next general election, and that it has the power of incumbency to attract more support.

“Now, when he is in the government, he can give sweeteners to many people. I have found out that many of my supporters, now that they have been appointed as ministers, have switched sides,” he told Malay daily Sinar Harian in an interview.

As such, Mahathir said, the Pakatan Harapan (PH) coalition would not be able to mount a challenge in the Dewan Rakyat to oust Muhyiddin.

He blamed former prime minister Najib Razak for orchestrating a conspiracy to bring down the PH government.

“The person who was really conspiring was Najib. After his defeat, he had the idea to establish a Malay-Muslim government so that he could get support from the Malays and win,” said Mahathir.

He also denied that he was behind moves to oust DAP from the PH government.

“There was no reason for me to be involved in a conspiracy. I was already the prime minister.”

Mahathir said he hoped Muhyiddin could carry on with the policies of the 22-month-old PH administration, which collapsed late last month after Muhyiddin and several MPs broke ranks to form a new bloc with Barisan Nasional, PAS and GPS.

Mahathir also cited the Shared Prosperity Vision 2030 launched in October last year.

“That is a good policy and the man who came up with the policy is also in the (current) Cabinet. Let’s not ditch it,” he added.

Malaysia economy will be surge after covid 19

Great day, good morning to all arbb fighters

Thumbs up

This is the outcome of more on politicking than helping solve nation problem, result to this. What can the rakyat expect?

Good morning to all arbb fighters

Correct Elaine Tan, its time to accumulating now, i just buy in somemore.

“While the government has taken the effort to promote technical and vocational education and training, response remains slow, owing to a traditional mindset. Graduate unemployment and under-employment because of unsatisfactory wages, and racial and political issues have also resulted in a brain drain to other countries, reducing Malaysia’s competitiveness in high-tech, high-value industrial production,” Ng says.

“The lack of innovation may also be attributable to the higher interest costs compared with those in developed nations, which reduce business risk appetite, shortage of STEM talent, investment infrastructure and business ecosystem, limited local economies of scale and continued reliance on unskilled and semi-skilled foreign workers despite tightened work visa policies.”

Solutions

Chen says the challenges are the political uncertainty; the rising cost of doing business compared with other rapidly growing economies in the region such as Vietnam, Cambodia and Myanmar; Malaysian seaports’ inefficiency compared with some other ports in the region; and labour and talent shortage.

“To overcome the challenges, the government needs to focus on building the economy and continue to project Malaysia as a progressive yet friendly nation. It should ride the growth momentum resulting from the various initiatives introduced by MDEC to assist companies in their digital transformation journey,” he says

He suggests that Malaysia look into developing human resource programmes through collaboration with the local universities and government agencies to provide a semi-skilled and skilled workforce that is able to meet the requirements of the industry.

“Malaysia must put all the pieces together: overcoming the political and economic uncertainties, containing the rising cost, improving the efficiency at our seaports and airports, and building a vast pool of reliable workforce and talent that meets the requirements of industry players.”

Ng concurs, emphasising the importance of the development of human capital with an increased focus on STEM and digital literacy to boost the domestic talent pool and make it ready for IR4.0, alongside strict regulation and enforcement, innovation and technology as well as promoting further integration with Asean to benefit from the economies of scale and to access regional markets.

He notes that the government can seize the opportunity for Malaysia to become a major spot for the industrial sector by providing incentives for developers and REITs in developing land banks for the purpose of industrial developments as well as providing tax incentives for the relevant sectors.

“Malaysia occupies a unique position as a developing economy, where basic and digital infrastructure are already in place and human capital is more developed than that of its Southeast Asian peers,” he says.

“There is now high potential for the regeneration of old industrial sites. They can be redeveloped into modern, gated and guarded industrial parks, similar to the evolution of residential and commercial areas. These parks can be configured in standard formats or built-to-suit units to attract large local and multinational manufacturers to set up operations. In the long term, this will have the trickle-down effect of attracting the sub-contractors of these large manufacturers, who will prefer to be closely located to the supply chain.”

Cover Story: IR4.0 in Malaysia: The challenges

Malaysia’s strategic location made it one of the most important logistics destinations in the region in the past. Today, with the advent of IR4.0, it continues to leverage the same advantage to establish itself as a preferred logistics and e-commerce hub destination.

Besides its location, there are other factors in its favour, such as the availability of properties and incentives, a modern infrastructure, lower cost of doing business, huge market size in the region and digital readiness.

With large international retail brands setting up their national and regional distribution centres in Malaysia, its potential in IR4.0, especially in the logistics and e-commerce sectors, can be seen.

Nestlé’s national distribution centre at Axis Mega DC in Teluk Panglima Garang occupies the entire Phase 1, which has a built-up of 515,000 sq ft. Further to the west are the Ikea Regional DC in Pulau Indah Industrial Park, Klang, the Lazada Regional DC in Sepang and the Continental Tyres Regional DC in Kuala Selangor.

Advantages

Landserve Sdn Bhd managing director Chen King Hoaw tells City & Country that Malaysia’s 30 highways, five international airports and seven international seaports are linked to all major cities and growth centres in the country. Malaysia is also served by a telecommunications network of digital, fibre-optic and satellite technology, which is crucial to the industrial, logistics and e-commerce sectors.

“According to the Malaysian Communications and Multimedia Commission’s 2018 statistics, there were 39.4 million broadband subscriptions in the country, and 3G and 4G/LTE network had expanded to reach 94.7% and 79.7% population coverage respectively, signifying that the nation is ready to take digital growth to a whole new level,” he says.

“Besides, Malaysia has one of the lowest rents for Grade A offices in Asia and is also rated as the least expensive Asean country to live in. Above all, it has political stability, established legal and ­financial systems with comparatively low tax rates.”

Datuk Jeffrey Ng, chairman of the Malaysian REIT Managers Association (MRMA) notes that the country’s developers and construction companies are experienced in developing industrial properties, and that capital is also available from investment funds and real estate investment trusts (REITs).

The country’s designated industrial zones also attract foreign industrial players to invest in duty-free import and export businesses as they can enjoy certain tax benefits. The industrial zones include Port of Tanjung Pelepas, Bayan Lepas Free Industrial Zone, Port Klang Free Zone and KLIA Aeropolis Digital Free Trade Zone in Sepang.

Ng adds that Malaysia allows up to 100% foreign ownership of businesses, and offers incentives for foreign direct investment.

“However, these advantages may not be unique to Malaysia, and it faces strong competition from regional players such as China, India and Vietnam. Thus, while Malaysia’s industry may be robust in certain areas such as petrochemicals, electrical and electronic manufacturing and agricultural-based products, the country has not achieved developed industrial status, owing to insufficient focus on innovation, automation, digitisation and technology,” he explains.

Challenges

Malaysia is facing challenges both internally and externally. Chen notes that Malaysian companies need to adapt to the rapid technological changes that affect the way businesses operate in order for Malaysia’s digital economy to prosper. Companies must embrace the changes to stay competitive.

“The Ministry of Communications and Multimedia, more particularly its Malaysia Digital Economy Corporation (MDEC) that was established in 1996, has been doing a great job by organising seminars in the country and abroad, and coming up with incentives and funding to promote the adoption of IR4.0,” he says.

Ng says talent, regulation, economies of scale and the lack of technology innovation are some of the challenges. He explains that there is a shortage of people skilled in science, technology, engineering and mathematics (STEM) and insufficient focus on digital literacy and innovation, which result in a workforce that is less adaptable to fast-evolving technology.

Furthermore, he adds, red tape and, to some extent, perceived endemic corruption and abuse of power continue to weigh on multinational corporations and small and medium enterprises alike, dampening investments, innovation and industrial competitiveness. Certain industries, pending liberalisation and deregulation, continue to be tightly controlled by state-owned monopolies and government-linked companies, he says.

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Benefits of Adopting an Industry 4.0 Model
Industry 4.0 spans the entire product life cycle and supply chain— design, sales, inventory, scheduling, quality, engineering, and customer and field service. Everyone shares informed, up-to-date, relevant views of production and business processes—and much richer and more timely analytics.

Here is a quick, non-exhaustive list of some of the benefits of adopting an Industry 4.0 model for your business:

It makes you more competitive, especially against disruptors like Amazon. As companies like Amazon continue to optimize logistics and supply chain management, you need to be investing in technology and solutions that help you improve and optimize your own operation. To stay competitive, you have to have the systems and processes in place to allow you to provide the same level of service (or better) to your customers and clients that they could be getting from a company like Amazon.
It makes you more attractive to the younger workforce. Companies that invest in modern, innovative Industry 4.0 technologies are better positioned to attract and retain new workers.
It makes your team stronger and more collaborative. Companies that invest in Industry 4.0 solutions can increase efficiency, boost collaboration between departments, enable predictive and prescriptive analytics, and allow people including operators, managers, and executives to more fully leverage real-time data and intelligence to make better decisions while managing their day-to-day responsibilities.
It allows you to address potential issues before they become big problems. Predictive analytics, real-time data, internet-connected machinery, and automation can all help you be more proactive when it comes to addressing and solving potential maintenance and supply chain management issues.
It allows you to trim costs, boost profits, and fuel growth. Industry 4.0 technology helps you manage and optimize all aspects of your manufacturing processes and supply chain. It gives you access to the real-time data and insights you need to make smarter, faster decisions about your business, which can ultimately boost the efficiency and profitability of your entire operation.

3. Asset tracking and optimization—Industry 4.0 solutions help manufacturers become more efficient with assets at each stage of the supply chain, allowing them to keep a better pulse on inventory, quality, and optimization opportunities relating to logistics. With IoT in place at a factory, employees can get better visibility into their assets worldwide. Standard asset management tasks such as asset transfers, disposals, reclassifications, and adjustments can be streamlined and managed centrally and in real time.
The point of reviewing these use cases is to help you imagine and start thinking about how smart manufacturing could be integrated into your own organization. How do you actually decide if Industry 4.0 is right for you?

Who Is Industry 4.0 Right For?
How do you know when or if your business should invest in Industry 4.0?

If you’re able to check off most of the items on this list, it’s probably safe to start evaluating Industry 4.0 technology and solution providers and allocating the resources needed for deployment:

You’re in a particularly competitive industry with a lot of tech-savvy players
You’re having a hard time recruiting to fill vacant jobs at your organization
You want better visibility across your supply chain
You want to identify and address issues before they become bigger problems
You want to boost efficiency and profitability across your entire organization
You want everyone on your team to have informed, up-to-date, relevant views of production and business processes
You want richer and more timely analytics
You need help digitizing and making sense of information
You want to improve customer satisfaction and customer experience
You want to improve product quality or keep product quality intact
You want a more integrated enterprise resource planning system that spans not only inventory and planning, but also financials, customer relationships, supply chain management, and manufacturing execution
You want a consistent and flexible view of production and business operations tailored to specific areas or users in your organization
You want real-time insights that help you make better, faster decisions about your business each day

Basic IIoT Concepts and Glossary of Terms
There are hundreds of concepts and terms that relate to IIoT and Industry 4.0, but here are 12 foundational words and phrases to know before you decide whether you want to invest in Industry 4.0 solutions for your business:

Enterprise Resource Planning (ERP): Business process management tools that can be used to manage information across an organization.
IoT: IoT stands for Internet of Things, a concept that refers to connections between physical objects like sensors or machines and the Internet.
IIoT: IIoT stands for the Industrial Internet of Things, a concept that refers to the connections between people, data, and machines as they relate to manufacturing.
Big data: Big data refers to large sets of structured or unstructured data that can be compiled, stored, organized, and analyzed to reveal patterns, trends, associations, and opportunities.
Artificial intelligence (AI): Artificial intelligence is a concept that refers to a computer’s ability to perform tasks and make decisions that would historically require some level of human intelligence.
M2M: This stands for machine-to-machine, and refers to the communication that happens between two separate machines through wireless or wired networks.
Digitization: Digitization refers to the process of collecting and converting different types of information into a digital format.
Smart factory: A smart factory is one that invests in and leverages Industry 4.0 technology, solutions, and approaches.
Machine learning: Machine learning refers to the ability that computers have to learn and improve on their own through artificial intelligence—without being explicitly told or programmed to do so.
Cloud computing: Cloud computing refers to the practice of using interconnected remote servers hosted on the Internet to store, manage, and process information.
Real-time data processing: Real-time data processing refers to the abilities of computer systems and machines to continuously and automatically process data and provide real-time or near-time outputs and insights.
Ecosystem: An ecosystem, in terms of manufacturing, refers to the potential connectedness of your entire operation—inventory and planning, financials, customer relationships, supply chain management, and manufacturing execution.
Cyber-physical systems (CPS): Cyber-physical systems, also sometimes known as cyber manufacturing, refers to an Industry 4.0-enabled manufacturing environment that offers real-time data collection, analysis, and transparency across every aspect of a manufacturing operation.
Now that you have a better understanding of some of the core concepts related to Industry 4.0, you’re ready to dig deeper into how smart manufacturing can revolutionize the way you run and grow your business.

Smart Manufacturing Use Cases
One of the best ways to understand the concept of smart manufacturing better is to think about how it could be applied to your business, or a business similar to your business. Here are three use cases that can help you understand the value of Industry 4.0 in a manufacturing operation:

1. Supply chain management and optimization—Industry 4.0 solutions give businesses greater insight, control, and data visibility across their entire supply chain. By leveraging supply chain management capabilities, companies can deliver products and services to market faster, cheaper, and with better quality to gain an advantage over less-efficient competitors.
2. Predictive maintenance/analytics—Industry 4.0 solutions give manufacturers the ability to predict when potential problems are going to arise before they actually happen. Without IoT systems in place at your factory, preventive maintenance happens based on routine or time. In other words, it’s a manual task. With IoT systems in place, preventive maintenance is much more automated and streamlined. Systems can sense when problems are arising or machinery needs to be fixed, and can empower you to solve potential issues before they become bigger problems. Predictive analytics allow companies to not just ask reactive questions like, “what has happened?,” or “why did it happen?,” but also proactive questions like, “what is going to happen,” and, “what can we do to prevent it from happening?” These type of analytics can enable manufacturers to pivot from preventive maintenance to predictive maintenance.

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What is Industry 4.0—the Industrial Internet of Things (IIoT)?

Industry 4.0 refers to a new phase in the Industrial Revolution that focuses heavily on interconnectivity, automation, machine learning, and real-time data. Industry 4.0, also sometimes referred to as IIoT or smart manufacturing, marries physical production and operations with smart digital technology, machine learning, and big data to create a more holistic and better connected ecosystem for companies that focus on manufacturing and supply chain management. While every company and organization operating today is different, they all face a common challenge—the need for connectedness and access to real-time insights across processes, partners, products, and people.


The world of manufacturing is changing. To survive and thrive now, you have to be willing to invest in Industry 4.0. This resource will help you get started.

Evolution of Industry from 1.0 to 4.0
Before digging too much deeper into the what, why, and how of Industry 4.0, it’s beneficial to first understand how exactly manufacturing has evolved since the 1800s. There are four distinct industrial revolutions that the world either has experienced or continues to experience today.

The First Industrial Revolution
The first industrial revolution happened between the late 1700s and early 1800s. During this period of time, manufacturing evolved from focusing on manual labor performed by people and aided by work animals to a more optimized form of labor performed by people through the use of water and steam-powered engines and other types of machine tools.

The Second Industrial Revolution
In the early part of the 20th century, the world entered a second industrial revolution with the introduction of steel and use of electricity in factories. The introduction of electricity enabled manufacturers to increase efficiency and helped make factory machinery more mobile. It was during this phase that mass production concepts like the assembly line were introduced as a way to boost productivity.

The Third Industrial Revolution
Starting in the late 1950s, a third industrial revolution slowly began to emerge, as manufacturers began incorporating more electronic—and eventually computer—technology into their factories. During this period, manufacturers began experiencing a shift that put less emphasis on analog and mechanical technology and more on digital technology and automation software.

The Fourth Industrial Revolution, or Industry 4.0
In the past few decades, a fourth industrial revolution has emerged, known as Industry 4.0. Industry 4.0 takes the emphasis on digital technology from recent decades to a whole new level with the help of interconnectivity through the Internet of Things (IoT), access to real-time data, and the introduction of cyber-physical systems. Industry 4.0 offers a more comprehensive, interlinked, and holistic approach to manufacturing. It connects physical with digital, and allows for better collaboration and access across departments, partners, vendors, product, and people. Industry 4.0 empowers business owners to better control and understand every aspect of their operation, and allows them to leverage instant data to boost productivity, improve processes, and drive growth.

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“While the government has taken the effort to promote technical and vocational education and training, response remains slow, owing to a traditional mindset. Graduate unemployment and under-employment because of unsatisfactory wages, and racial and political issues have also resulted in a brain drain to other countries, reducing Malaysia’s competitiveness in high-tech, high-value industrial production,” Ng says.

“The lack of innovation may also be attributable to the higher interest costs compared with those in developed nations, which reduce business risk appetite, shortage of STEM talent, investment infrastructure and business ecosystem, limited local economies of scale and continued reliance on unskilled and semi-skilled foreign workers despite tightened work visa policies.”

Solutions

Chen says the challenges are the political uncertainty; the rising cost of doing business compared with other rapidly growing economies in the region such as Vietnam, Cambodia and Myanmar; Malaysian seaports’ inefficiency compared with some other ports in the region; and labour and talent shortage.

“To overcome the challenges, the government needs to focus on building the economy and continue to project Malaysia as a progressive yet friendly nation. It should ride the growth momentum resulting from the various initiatives introduced by MDEC to assist companies in their digital transformation journey,” he says

He suggests that Malaysia look into developing human resource programmes through collaboration with the local universities and government agencies to provide a semi-skilled and skilled workforce that is able to meet the requirements of the industry.

“Malaysia must put all the pieces together: overcoming the political and economic uncertainties, containing the rising cost, improving the efficiency at our seaports and airports, and building a vast pool of reliable workforce and talent that meets the requirements of industry players.”

Ng concurs, emphasising the importance of the development of human capital with an increased focus on STEM and digital literacy to boost the domestic talent pool and make it ready for IR4.0, alongside strict regulation and enforcement, innovation and technology as well as promoting further integration with Asean to benefit from the economies of scale and to access regional markets.

He notes that the government can seize the opportunity for Malaysia to become a major spot for the industrial sector by providing incentives for developers and REITs in developing land banks for the purpose of industrial developments as well as providing tax incentives for the relevant sectors.

“Malaysia occupies a unique position as a developing economy, where basic and digital infrastructure are already in place and human capital is more developed than that of its Southeast Asian peers,” he says.

“There is now high potential for the regeneration of old industrial sites. They can be redeveloped into modern, gated and guarded industrial parks, similar to the evolution of residential and commercial areas. These parks can be configured in standard formats or built-to-suit units to attract large local and multinational manufacturers to set up operations. In the long term, this will have the trickle-down effect of attracting the sub-contractors of these large manufacturers, who will prefer to be closely located to the supply chain.”

Cover Story: IR4.0 in Malaysia: The challenges


Malaysia’s strategic location made it one of the most important logistics destinations in the region in the past. Today, with the advent of IR4.0, it continues to leverage the same advantage to establish itself as a preferred logistics and e-commerce hub destination.

Besides its location, there are other factors in its favour, such as the availability of properties and incentives, a modern infrastructure, lower cost of doing business, huge market size in the region and digital readiness.

With large international retail brands setting up their national and regional distribution centres in Malaysia, its potential in IR4.0, especially in the logistics and e-commerce sectors, can be seen.

Nestlé’s national distribution centre at Axis Mega DC in Teluk Panglima Garang occupies the entire Phase 1, which has a built-up of 515,000 sq ft. Further to the west are the Ikea Regional DC in Pulau Indah Industrial Park, Klang, the Lazada Regional DC in Sepang and the Continental Tyres Regional DC in Kuala Selangor.

Advantages

Landserve Sdn Bhd managing director Chen King Hoaw tells City & Country that Malaysia’s 30 highways, five international airports and seven international seaports are linked to all major cities and growth centres in the country. Malaysia is also served by a telecommunications network of digital, fibre-optic and satellite technology, which is crucial to the industrial, logistics and e-commerce sectors.

“According to the Malaysian Communications and Multimedia Commission’s 2018 statistics, there were 39.4 million broadband subscriptions in the country, and 3G and 4G/LTE network had expanded to reach 94.7% and 79.7% population coverage respectively, signifying that the nation is ready to take digital growth to a whole new level,” he says.

“Besides, Malaysia has one of the lowest rents for Grade A offices in Asia and is also rated as the least expensive Asean country to live in. Above all, it has political stability, established legal and ­financial systems with comparatively low tax rates.”

Datuk Jeffrey Ng, chairman of the Malaysian REIT Managers Association (MRMA) notes that the country’s developers and construction companies are experienced in developing industrial properties, and that capital is also available from investment funds and real estate investment trusts (REITs).

The country’s designated industrial zones also attract foreign industrial players to invest in duty-free import and export businesses as they can enjoy certain tax benefits. The industrial zones include Port of Tanjung Pelepas, Bayan Lepas Free Industrial Zone, Port Klang Free Zone and KLIA Aeropolis Digital Free Trade Zone in Sepang.

Ng adds that Malaysia allows up to 100% foreign ownership of businesses, and offers incentives for foreign direct investment.

“However, these advantages may not be unique to Malaysia, and it faces strong competition from regional players such as China, India and Vietnam. Thus, while Malaysia’s industry may be robust in certain areas such as petrochemicals, electrical and electronic manufacturing and agricultural-based products, the country has not achieved developed industrial status, owing to insufficient focus on innovation, automation, digitisation and technology,” he explains.

Challenges

Malaysia is facing challenges both internally and externally. Chen notes that Malaysian companies need to adapt to the rapid technological changes that affect the way businesses operate in order for Malaysia’s digital economy to prosper. Companies must embrace the changes to stay competitive.

“The Ministry of Communications and Multimedia, more particularly its Malaysia Digital Economy Corporation (MDEC) that was established in 1996, has been doing a great job by organising seminars in the country and abroad, and coming up with incentives and funding to promote the adoption of IR4.0,” he says.

Ng says talent, regulation, economies of scale and the lack of technology innovation are some of the challenges. He explains that there is a shortage of people skilled in science, technology, engineering and mathematics (STEM) and insufficient focus on digital literacy and innovation, which result in a workforce that is less adaptable to fast-evolving technology.

Furthermore, he adds, red tape and, to some extent, perceived endemic corruption and abuse of power continue to weigh on multinational corporations and small and medium enterprises alike, dampening investments, innovation and industrial competitiveness. Certain industries, pending liberalisation and deregulation, continue to be tightly controlled by state-owned monopolies and government-linked companies, he says.

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ARBB7181 technology, human capital, global trade and networks, and institutional frameworks as key drivers of production for Industry 4.0.
Malaysia’s ranking in each of these drivers emphasises priorities in technology, human capital and institutional frameworks (21st to 30th position out of 100
countries), consistent with some of the challenges highlighted previously

Technology adoption and diffusion are particularly important for SMEs and underscore
the importance of creating production networks and collaborations with MNCs and large
companies.

Human capital focus is key to creating an accelerated shift in productivity, especially as
Malaysia has been relying on low labour cost in the past, with a declining share of
skilled labour.

Strengthening institutional frameworks underpins the role of Government in creating the
right ecosystem and facilitating collaborative platforms.

On global trade and investment, Malaysia is already well-integrated into regional value
chains and exhibits a very good trade infrastructure, which is reflected in its strong
global ranking (7th).

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Attorney-General Tommy Thomas resigns

KUALA LUMPUR (Feb 28): Attorney-General Tan Sri Tommy Thomas has resigned as Malaysia gets set for a new Prime Minister.

Thomas submitted his resignation letter to Tun Dr Mahathir Mohamad who appointed him to the post for a two-year term which was due to end only in June.

A source said Thomas wanted to resign while Mahathir was still the Prime Minister, albeit interim, as he was the person who appointed him.

Thomas had relentlessly pursued prosecutions related to the 1Malaysia Development Bhd scandal.

It is not clear what will happen with these cases, which are still ongoing, with his departure and that of Mahathir, which is expected soon.

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Economic stimulus package to proceed on date to be announced by Interim PM - Guan Eng

KUALA LUMPUR: Tun Dr Mahathir Mohamad has indicated that the economic stimulus package will go ahead on a date to be announced by him in his capacity as the interim Prime Minister, said former finance minister Lim Guan Eng.

The plan, initially scheduled to be announced on Thursday, Feb 27, was among the issues that Lim discussed with Dr Mahathir this morning.

“I had met up with Dr Mahathir in the morning in his office to discuss political developments. Among the issues that happened to be discussed was the economic stimulus package that was planned to be announced by Dr Mahathir to react to the adverse global economic impact to Malaysia caused by the COVID-19 outbreak,” he said in a statement today.

Lim, who is the DAP Secretary-General and Member of Parliament for Bagan, said the Finance Ministry had finalised the economic stimulus package on Sunday, Feb 23 – his last full day as finance minister – to be presented to Dr Mahathir for his approval on the following day.

However, Dr Mahathir submitted his resignation as the seventh premier yesterday. The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, who accepted the resignation, reappointed Dr Mahathir as the country’s interim Prime Minister later in the day.

On the advice of Dr Mahathir, His Majesty also revoked the appointments of all ministers.

In a three-paragraph statement, the chief secretary to the government, Datuk Seri Mohd Zuki Ali, said during the interim period, Dr Mahathir would manage the country’s administration until the appointment of the new prime minister and the formation of a new cabinet.

Malaysia is not the only ASEAN nation planning a stimulus package to address concerns over COVID-19. Thailand’s Finance Ministry will be proposing a new economic stimulus package to the cabinet in mid-March.

Malaysia’s economic stimulus package, focusing on tourism, consumption and investment, is aimed at stimulating domestic travel, which has been affected by the COVID-19 outbreak.--Bernama

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