Malaysia Set for U-Shaped Economic Recovery: Trade Minister

The transcript discusses Malaysia's economic performance, highlighting the government's efforts to support the budget and stimulate economic activities. It mentions the positive results seen in the third quarter and the need for MPs to support the budget. The discussion also covers the anticipated U-shaped recovery, the impact of MCO, and strategies to attract high-tech investments. Additionally, it addresses the challenges faced by Malaysia Airlines due to COVID-19 and the government's considerations for financial support.

What was the contraction rate of the Malaysian economy in the third quarter?

• Minus 3.5%

• Minus 5.0%

• Minus 2.7%

• Minus 1.2%

What is the anticipated shape of the economic recovery in Malaysia?

• V-shaped

• U-shaped

• L-shaped

• W-shaped

What is the focus of Malaysia's investment policy?

• Labor-intensive industries

• High-tech and high-value investments

• Tourism sector

• Agricultural investments

What major challenge is Malaysia Airlines facing post-pandemic?

• Overcapacity

• Financial difficulties

• Lack of pilots

• Increased competition

What is the government's stance on injecting more funds into Malaysia Airlines?

• No further support

• Privatization of the airline

• Immediate financial support

• Considering the issue but facing financial constraints