Page 16 - ECO116 Presentation

 Employment opportunities will also be affected and it will be difficult for people to get jobs, so financial

support from the government to the sector is very important to help them. With the implementation of

the MCO for measures to curb the spread of this epidemic has restricted traders from continuing their

business operations and this could lead to an economic recession

 To help the people, the government has restructured and rescheduled EPF payments to employees or

exemption of employers' contributions to the human resource development fund (HRDF) or deferment of

income tax payments. Many workers have lost their jobs and they have lost their livelihoods.

 The largest sectors and sub-sectors in the informal economy are often affected by covid-19 and related

measures to ensure physical distance. The informal economy is dominated by microeconomic units,

including self -account workers who are more vulnerable to shocks and to better assess employee

vulnerability or their job uncertainty, it is important to note that new business models with non -

standard employment relationships, platforms and show economics, have exacerbated this problem, with

an increasing lack of social protection.