11 May 2021 / 12:17 H. Pix for representational purpose only/BERNAMA KUALA LUMPUR: The extension of the Movement Control Order (MCO 3.0) currently enforced in several areas to cover the whole country from May 12 to June 7 is expected to cost the country’s economy RM300 million daily. Public Investment Bank Bhd (PIVB) said MCO 1.0 (March 18-May 3, 2020) was estimated to have cost the economy RM2 billion per day, while MCO 2.0 (Jan 13-26, 2021) RM300 million per day. “Given the similarities, MCO 3.0 could also see a daily hit of about RM300 million to the economy, particularly from restrictions on contact-sensitive businesses which will be a drag on the services sector,” it said in a note today.