Sim: Resignation of premier affects investors’ confidence and recovery of country’s economy

Dato Sim Kiang Chiok

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By Adrian Lim

KUCHING, Aug 16: Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching branch chairman Dato Sim Kiang Chiok believed the resignation of Prime Minister Tan Sri Muhyiddin Yassin will affect investors’ confidence in business and economic recovery of Malaysia from the Covid-19 pandemic.

Sim, in a statement today, said businesses are worried by the uncertainties caused by the resignation of the prime minister and his Cabinet.


He added investors and the corporate sectors are concerned whether Muhyiddin’s present policies and economic assistance will be continued or otherwise.

“It has saddened me and has created uncertainty in Malaysian politics of who and when a new prime minister and Cabinet can be appointed and formed.

“It is most important now that the top priority in today’s situation is to manage the (Covid-19) pandemic to save our lives and livelihood,” he said.

Sim, who is a director of Sim Swee Yong Development and Construction Sdn Bhd, added that business sectors in Sarawak were badly affected by the spike in Covid-19 infections since it was first reported in March 2020.

He noted recently that there were signs of economic recovery in Sarawak due to the high vaccination rate.

As of August 14, Sim said 80.9 per cent of the adult population in Sarawak was fully vaccinated and 88.8 per cent had been given at least one dose of the Covid-19 vaccine.

Sim thus hoped that the new government will continue with the vaccination programme implemented by the Perikatan Nasional (PN) government for all states to achieve herd immunity by the end of October this year.

He also hoped that the new prime minister will have strong support to help Malaysia battle Covid-19 pandemic and restore the livelihood of the people. — DayakDaily