Virtual Booth

COVID-19, or Coronavirus Disease, is caused by the coronavirus known as SARS-CoV-2. This virus was detected on December 31, 2019, following reports of a cluster of human cases suffering from pneumonia in Wuhan, People's Republic of China. According to the latest report from the COVIDNOW dashboard, updated by the Ministry of Health Malaysia on July 14, 2024, there have been 5,265,647 local cases, 39,203 imported cases, resulting in 37,351 deaths, and 5,256,882 recoveries. The Movement Control Order (MCO), commonly referred to as Perintah Kawalan Pergerakan (PKP) in Malaysia, is a series of national sanitation and quarantine measures implemented by the Malaysian federal government in response to the COVID-19 pandemic. This order was enforced from March 18, 2020, to November 1, 2021. During this period, various types of MCO were enacted according to the crisis management needs of specific situations, such as the Enhanced Movement Control Order (EMCO), Conditional Movement Control Order (CMCO), and Recovery Movement Control Order (RMCO). Pakej Rangsangan Ekonomi, such as PRIHATIN, PRIHATIN PKS+, PENJANA, KAMI PRIHATIN, PERMAI, PEMERKASAAN, PEMERKASA PLUS, and PEMULIH have played a crucial role in mitigating the impacts of the COVID-19 pandemic and paving the way for economic recovery. From February 2020 to June 2021, Malaysia launched nine different stimulus packages totaling RM530 billion (USD 126.2 billion), nearly double the original 2020 budget of RM297 billion (USD 70.7 billion). Of the RM530 billion, RM82.9 billion (USD 19.74 billion) consisted of direct fiscal injections. The packages focused on three main areas: assisting the people, reviving businesses, and stimulating the economy. The stimulus packages and fiscal injections have played a crucial role in mitigating the impacts of the COVID-19 pandemic and paving the way for economic recovery. The Malaysian government's response to the COVID-19 crisis through stimulus packages and fiscal injections demonstrates a commitment to protecting its citizens and supporting business continuity during these challenging times.