By Aliff Fikri
SHAH ALAM, April 15 — The Selangor government will review its investment strategy after the movement control order (MCO) ends, says the State Investment, Industry and Trade, Small and Medium Industries Committee chairman.
Datuk Teng Chang Khim said the approach was taken following the Covid-19 outbreak that has affected the state’s investment efforts.
"We will review the investment strategy once the MCO comes to an end and it will be based on the global development of the Covid-19 outbreak," he told SelangorKini when contacted yesterday.
Teng also pointed out that the Covid-19 pandemic had impacted the global economy at large and not only in Selangor.
On March 4, Teng had said that the state government would take a “wait and see” approach before deciding on whether there is a need to restructure the investment strategy for 2020.
He said the state would have to evaluate the economic impact from Covid-19 as Selangor had raised the investment target to RM12 billion for the year.
