The Electrical and Electronics Association of Malaysia (TEEAM) lauds the Government Initiative to assist the Rakyat via the recently announced RM 250 billion stimulus package.
The Movement Control Order (MCO) initiated by the Government has an adverse impact on the Electrical and Electronics (E&E) industry. Coupled by the bearish economy, our members are experiencing an unprecedented challenge to continue to provide mission critical services and to support the country’s E&E supply chain.
It is expected that most of the E&E companies will be experiencing cash flow problems, lost productivity and extreme economic duress. We fear that if the situation persists, millions of E&E jobs could be at stake.
Having sought opinions and feedbacks from our members, we believe that the Government has to urgently attend to the huge losses of income experienced by the E&E industry which is the backbone of the country’s economy and a major source of employment for the Rakyat. We appeal to the Government to urgently assist the E&E Industry to stay afloat.
TEEAM Media Statement on Economic Stimulus Package
