SUPPORT your local businesses. That’s the least we can do to be part of the Malaysian economic recovery journey.
Local businesses, especially the small and medium-scale operators, have been hit hard since the start of the pandemic when movement control was implemented to keep Covid-19 at bay.
By supporting local businesses, you are in turn supporting your local economy, which means a lot in helping them thrive.
Connecting local businesses with consumers
In doing its part to support local business owners and spur the economy, PETRONAS Dagangan Bhd (PDB) rolled out its Love Local Campaign to stimulate domestic consumption by offering exciting deals at www.lovelocal.com.my, an interactive platform that allows you to conveniently view deals near you and join in the effort of supporting local brands.
In the spirit of togetherness, Malaysians are urged to support homegrown products and services.
SINCE the Covid-19 crisis hit and the ensuing pandemic-related restrictions, over 30,000 small and medium enterprises (SMEs) have closed shop, according to the Entrepreneur Development and Cooperatives Ministry.
Tourism, which is the third biggest contributor to Malaysia’s gross domestic product (GDP), suffered RM45bil losses within the first half of 2020.
When businesses are hit, employees are likely to bear the brunt of collateral damage. As of October 2020, the Social Security Organisation (Socso) reported 90,000 job losses – representing a 278% increase from 2019.
So how have we been coping?
The Government has put in place economic stimulus packages to help businesses and individuals cushion the impact.