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Prof Yeah said it was too early to withdraw expansionary fiscal support as the country was facing the third wave of the pandemic.

Prof Yeah said windfall tax would limit any expansion plan the private sector may have with the profits they make.

Prof Yeah said government support in the form of wage subsidies extension, access to funds and guarantees, and various reliefs to low business costs would be welcomed, especially by large and mid-sized firms that are considering downsizing, relocating or exiting.

Prof Yeah provides commentary on the role of GLC in supporting Malaysia's economy during the COVID-19 pandemic

Prof Yeah said the country’s recovery momentum remains intact with a better than expected GDP growth in 3Q20, although Malaysia is now officially in recession given the two consecutive quarters of contraction.

Prof Yeah pointed out that the tax incentives will make it more attractive for issuers compared conventional financing.

Prof Yeah expects GDP to contract in 3Q, by a low single digit.

Prof Yeah said agreement is an affirmation of the importance of lowering trade barriers. This means prospering each other through a mutually beneficial exchange of goods and services

Prof Dr Yeah Kim Leng said unemployment will only inch down unless there is economic recovery, and the pandemic is contained.

Prof Dr Yeah Kim Leng called for a review of the various regulatory agencies especially if they caused the country’s investment climate to be less attractive.

Prof Dr Yeah Kim Leng said Malaysia is caught in a dilemma between insufficient high skilled workers and low cost labour that is not cheap enough.

Prof Dr Yeah Kim Leng said all eyes are on the number of new cases, which has remained high despite almost a month of new movement restrictions.