KUALA LUMPUR: The government and opposition parties in the country should set aside their political differences and work together to restore investor confidence in the economy, according to several economists.
Associate Prof Abu Sofian Yaacob from Putra Business School said both sides of the country's political divide should stop bickering and instead join hands in a concerted effort to nurse the country's economy back to health.
"The economy and politics are two interrelated fields and as the political (situation) calms down when the Prime Minister (Tan Sri Muhyiddin Yassin) announced that he still has legitimate support, the economic situation will also recover," he told Bernama.
Earlier today, the Prime Minister in a televised address nationwide announced that he still commanded the majority support of members of parliament.
He also said a motion of confidence for him as the Prime Minister will be tabled in the Dewan Rakyat when it sits in September.
Abu Sofian said the government should now put more focus on easing restrictions on economic sectors, especially tourism by giving permission to individuals who have received two doses of the vaccine to move about, albeit in strict compliance with standard operating procedures (SOPs).
"When the tourism sector, especially domestically, is opened, it will indirectly boost other economic sectors in the supply chain such as the transportation sector and that will give confidence to investors," he said.
Prof Emeritus Barjoyai Bardai of Universiti Tun Abdul Razak (UniRazak) said investors are hoping that things will change for the better and the country's economy will start to reopen.
The economy is being affected by restrictions placed on various sectors due to the COVID-19 pandemic as well as the prolonged political instability in the country, he said.
He called on the government to put more focus on revitalising the business sector, especially the micro, small and medium enterprises.
"The local institutional investors are committed to investing in the market but they are waiting for the right time for the market to become more attractive for them to make the investment. Until then, they will remain on the sidelines. Overall, we are hoping that there will be a new direction and positive note to the economy, but this will have to wait until September at least when things get clearer then," he added.
-- BERNAMA
Bernama
Wed Aug 04 2021
The government and opposition parties in the country should set aside their political differences and work together to restore investor confidence in the economy, according to several economists. - Astro AWANI/Shahir Omar pic
Kes cubaan bunuh digugur, keluarga mohon penjelasan AGC
Ahli keluarga kepada bekas anggota polis, Koperal Muhamad Khairul Syafiq Ahmad yang lumpuh selepas dilanggar sewaktu bertugas mengejar penjenayah meminta penjelasan Jabatan Peguam Negara (AGC) susulan kes cubaan membunuh dibawah Seksyen 307 kanun keseksaan digugurkan.
Mengambil manfaat daripada kisah lampau menerusi ziarah luar
Beberapa kepentingan Ziarah Luar termasuk mengambil pengajaran tentang sirah atau sejarah Rasulallah untuk dimanfaat secara bersama dalam konteks hari ini diterapkan semasa program Ziarah Luar yang dirangka Tabung Haji kepada petugas yang menjalankan operasi sempena musim haji tahun ini, 1445H/2024M.
Polis buru dua suspek kes tembak di Pasir Mas
Polis sedang memburu dua suspek disyaki terlibat dalam kes tembakan di Kampung Alor Pinggan, Gelang Mas, Kelantan pada awal pagi Sabtu.
Kedudukan Malaysia perlu dilihat secara menyeluruh
Laporan Indeks Kebebasan Media Dunia 2024 yang disiarkan Wartawan Tanpa Sempadan (RSF) mengenai kedudukan terkini Malaysia perlu dilihat dalam konteks yang menyeluruh.
MB zahir terima kasih atas komitmen PM bangunkan Kedah
Menteri Besar Kedah, Datuk Seri Muhammad Sanusi Md Nor menzahirkan ucapan terima kasih dan penghargaan di atas kesediaan Perdana Menteri Datuk Seri Anwar Ibrahim mendengar dan meluluskan permintaan Kedah berkaitan projek-projek pembangunan di negeri ini.
PM arah TPM cari solusi tingkat pelajar TVET
Perdana Menteri, Datuk Seri Anwar Ibrahim turut meminta TPM, Datuk Seri Ahmad Zahid Hamidi untuk mencari jalan penyelesaian dalam menangani kekurangan pelajar TVET bagi memeuhi permintaan industri berteknologi tinggi.
Masalah di Kedah selesai dalam tempoh dua bulan- PM
Kerajaan Persekutuan memberikan komitmen untuk menoktahkan masalah miskin tegar membabitlan 2,500 keluarga di negeri Kedah dalam tempoh dua bulan.
China padam impian Malaysia beraksi di pentas final
Hasrat Malaysia untuk menamatkan kemarau 32 tahun menjulang Piala Thomas tidak kesampaian apabila tewas kepada tuan rumah China, 1-3 dalam aksi suku akhir edisi 2024.
Berita tempatan pilihan sepanjang hari ini
Berikut adalah berita yang paling menjadi tumpuan sepanjang Sabtu, 4 Mei 2024.
14 terkorban, banjir dan tanah runtuh di Sulawesi Selatan
Pasukan mencari dan menyelamat kebangsaan Indonesia (Basarnas) mengesahkan 14 terkorban susulan banjir dan tanah runtuh yang melanda Kabupaten Luwu di wilayah Sulawesi Selatan pada Jumaat.
Malaysia, Singapore to resume discussions on high-speed rail project soon - Azmin
Azmin said, the discussions would encompass some of the proposed changes in the commercial and technical aspects of the project.
Extend the MCO until after Aidilfitri - AMM
The AMM understood the people's desire to spend time with relatives during the Raya holidays but in the face of this outbreak, social distancing had to continue until a new vaccine was discovered.
Industri pertahanan bakal pacu ekonomi negara - Mohamad Sabu
Kertas Putih Pertahanan dijangka dibentangkan di Dewan Rakyat pada November atau awal Disember ini selepas mendapat persetujuan Kabinet.
Do postponements cause delays in the Courts?
Cases may often be postponed or otherwise delayed for various reasons. The truth of the matter is that these delays may be necessary due to the Rule of law and due process.
Tiada perubahan drastik dijangka dari PRU Thailand - Penganalisis
Perjalanan proses itu hanyalah bagi memberi lebih legitimasi kepada kerajaan sedia ada yang dikuasai junta tentera ketika ini.
[OPINION] Opportunity from chaos
The biggest clandestine threat is the evaporation of the middle class across the developed world.
Here are the three considerations we had when we did the Budget - Tony Pua
Damansara MP Tony Pua explained the three major considerations on what went into the development and execution of Budget 2019.
'Kalau nak berkumpul, jangan la dalam bangunan' - Dr Maszlee
Bantahan mereka ini adalah susulan daripada pelantikan Dr Maszlee sebagai Presiden Universiti Islam Antarabangsa Malaysia (UIAM).
Climate change in Malaysia and what it means for us
The worlds climate is changing for the worse, and humans are responsible for that. Lets dive into a touch of science to make sense of this.
Major quake cuts communications, halts oil and gas operations in Papua New Guinea
At least one company began evacuating non-essential personnel after a powerful 7.5 magnitude earthquake hit Papua New Guinea's energy-rich interior on Monday.