Concerned investors offer to help speed up vaccination rate for late arrivals

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MGCC says it allows the private sector to support immunization efforts at its own expense, which will save public funds needed for recovery

by NUR HANANI AZMAN

The MALAISIO-GERMAN Chamber of Commerce and Industry (MGCC) said it was vital to increase the vaccination rate, as some investors expressed concern that herd immunity would only be achieved in mid- 2022.

CRJM CEO Daniel Bernbeck said Malaysian reserve its members recorded an average turnover of between 30% and 50% of the norm before the pandemic.

“Our members fear that collective immunity in Malaysia will not be reached until mid-2022, which would delay any immediate economic stimulus package. Increase the number of vaccinations from less than 80,000 to 400,000 per day in order to obtain collective immunity in 2021 instead of 2022, ”he said.

“Accelerate the authorization to purchase vaccines by hospitals and private industries to allow the private sector to support the efforts.” They can do this at their own expense (based on international and unmarked prices), which will save the public funds needed for the recovery, ”Bernbeck added.

“It is also unfortunate that we are seeing a dramatic lack of adherence to standard operating procedures (SOPs) in many parts of the country. “

Malaysia, he said, should speed up Covid-19 testing to the 150,000 promised tests per day or in more areas nationwide to identify clusters, isolate those infected and stop the invisible spread virus.

The country is grappling with an insufficient number of tests nationwide, while Prime Minister Tan Sri Muhyiddin Yassin has said up to 150,000 doses of the vaccine will be administered by the end of this month.

Bernbeck noted that some industries are better than others, such as semiconductors and logistics, but the majority are struggling or have given up entirely.

“What we have seen is a significant increase in processing time with the Immigration and Expatriate Services Division due to working from home.

“There have been many times our members have had to wait up to three months to get an approval and then another two to three months to get a date stamped on their passport (so-called endorsement),” a- he declared. .

Apart from that, he said that the MGCC sometimes feels that the rejections of its applications are made to “clear the backlog” as there are usually no reasons given for the rejection, but a new one. application (or the third application) with the documents would sort of be approved.

“It is a frustrating experience for our investors and employers in Malaysia, and does not help Malaysia maintain its competitive advantage over other neighboring companies. “

He said more than 90% have experienced negative effects on their business model due to substantial cost increases (e.g. for shipping charges), issues with maintaining a good supply chain and unstable commodity prices (such as steel and iron).

“There are also companies that are suffering from the lack of migrant workers in Malaysia, while others are severely affected due to the lack of international travel (airlines, hotels and travel agencies) which affects foreign investment.

“Supply chains have shifted dramatically to China and the United States. Europe is only slowly emerging from the pandemic. South Asia and Southeast Asia are still in the middle of the third or fourth wave, ”he said.

The EU-Malaysia Chamber of Commerce and Industry (Eurocham Malaysia) said it strongly believes in the acceleration of the immunization program and the rapid implementation of the public-private partnership model for procurement and distribution. vaccine delivery currently under discussion.

“The entire business community is ready to contribute and help speed up the immunization program as much as possible.

“Eurocham Malaysia and the business community in Malaysia are committed to flattening the curve and fighting the pandemic with the people and government of Malaysia,” he said in a statement.

Eurocham Malaysia is constantly improving its communication efforts with European Union (EU) industry players to ensure that all SOPs have been understood by its members and thus enable them to fully comply with them.

“Additionally, companies continue to update and improve their internal SOPs and communication with respective healthcare departments to ensure industry plays a positive and constructive role in breaking the chain for safety. and the well-being of all involved.

“Many companies are encouraging their employees to consider signing up for immunization and are part of promoting the government’s immunization program,” he said.



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