COVER STORY
Strategic
Production Zones
–
Rapid Response to
COVID19
By Nordin Abdullah
The recent announcement that a
committee jointly chaired by senior
ministers in charge of security and
economy clusters respectively
demonstrates that the Malaysian
government is serious about creating
a balance between continued safety of
the general population and the survival
of the economy.
The Malaysian property sector has
not gone unscathed by the crisis that
is COVID19. The construction sector,
the conveyor belt that delivers dream
homes and the industrial properties
alike have been under the microscope
as many clusters broke out in the
working population on various sites.
One could be easily drawn into
doomsday scenarios, but that couldn’t
be further from the truth for property
investors. This coupled with the fact
that the government, industry and
various regulators come together to
solve problems in a targeted and timely
fashion.
Under the microscope, many clusters
broke out in the working population on
various sites.
In the global context, as many countries
struggle to deal with the medical
response to COVID19 this step represents
a broader and indeed a rapid response
to the COVID19 crisis. The clearly stated
objective of this new committee is to
balance the medical risks and rewards
of increased production during the
current situation. This rapid response is
testimony to Malaysia’s currently rank
of 12th in World Bank Doing Business
2020 report.
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