Malaysian timber companies facing the pandemic
A recently released report details the upheavals experienced by the timber industry during the Movement Control Order (MCO) first implemented on March 18. Many companies faced challenges as raw material supplies were disrupted. To support industries the government introduced the so-called “Prihatin Stimulus Package” worth over RM260 billion. Consultations among the various ministries, government agencies and the private sectors resulted in the release of regulations and Standard Operating Procedures (SOPs) for businesses that were given approval to operate during the MCO. As many industries were contemplating a shutdown, the timber sector received special approval from ...
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