50% Lost Their Jobs-Self Employed Malaysians Choked By MCO

50% Malaysians Lost Their Jobs MCO Covid-19 Virus

Almost 50% of self-employed Malaysians LOST their jobs no thanks to the Movement Control Order to stop the spread of Covid-19 Virus. According to a survey conducted by the Department of Statistics, almost half of the business owners have lost their livelihood. As many as 168, 182 Malaysians have responded to the online survey. Self-employed workers made up 11.7% or around 19,675 of the total number of respondents.


50% Malaysians Lost Their Jobs MCO Covid-19 Virus

The survey entitled, "Effect of Covid-19 on the Economy and Individual," showed a staggering 46.6% of self-salaried Malaysians no longer have the means to put food on the table. Let's find out more about what the survey has discovered shall we?

Effect of Covid 19 on Economy & Individual

Respondents: 168, 182 people

[Self-employed]
46.67% of self-employed are jobless (19,675 people)
53.33% of self employed were still working experienced 95% drop in income
71.3% cannot sustain themselves anymore if MCO were to be extended

[Employers (Business Owners)]
2.9% out of the 23.38% of employers have lost their business (4,877 people)
28.3% of employers experience a 90% drop in income

6.2% or 10,427 respondents were not affected by the MCO at all.

52.6% or 88,464 respondents were very affected by the MCO!

The survey showed that those who are working under GLC (Government Linked Companies) and MNC (Multinational Companies) were the ones who suffered the least impact that is brought by MCO; 78.9% and 75.2% of them respectively claimed that they have savings that could help them to tide through for up to 4 months. This goes to show that job security and savings is very important especially during emergencies such as this. Do we have a backup plan?

50% Malaysians Lost Their Jobs MCO Covid-19 Virus
 Is your financial safety net "strong" enough?

50% Malaysians Lost Their Jobs MCO Covid-19 Virus
Do you have enough savings?

So if the government were to extend the Movement Control Order tomorrow till the end of the month (30th of April), more will be stretched financially especially those who are self-employed and bosses who have to pay the salaries of their workers. In the end a lot of businesses will go bankrupt and employees will be jobless and lives will be affected. It is a cycle. With government's promised aid coming in late or not sufficient at all, this will be a very testing time for all of us. The least that each and everyone of us can do right now is to stay at home! You are a KILLER if you do not stay at home! So let's pray for the best, stay at home and hope that the spread of the Covid-19 virus can be contained.

50% Malaysians Lost Their Jobs MCO Covid-19 Virus
Stay at home to SAVE JOBS & LIVES!

Images credit: Shutterstock

COMMENTS

Name

About Me,7,Adgitize,1,Adidas,2,Adsense,5,Advice,2,AdWords,1,Aeon,1,AirAsia,2,All England Badminton,2,Android,2,Angry Birds,1,Animal,13,Announcement,27,Antivirus,3,App Review,3,Apple,17,Arts,4,Astro,2,Asus,3,Attention Please,39,Automobile,38,Avatar,4,Awards,3,Baking,2,Barbies,1,Basketball,4,Beautiful Stories,2,Big Bad Wolf,1,Birthday,33,Bizarre,22,Black Pearl 2,1,Black Shark,1,BlackBerry,1,Blog Traffic,1,Blog Tutorial,1,Blogging,66,Book,5,Broadband,15,Buffet,4,Business,18,Camera,7,Career,1,Cases,2,Casio,1,Cat,2,Celebrity,75,Certification,3,Chinese New Year,43,Christmas,18,Christy Yow,4,ChurpChurp,5,Clothing,2,cny,2,Coffee,15,Community Service,1,Computer,2,Contest,9,Converse,2,Cookies,2,Cooking,10,Covid19,30,Credit Card,3,Cristiano Ronaldo,7,Debit Card,1,Dental Care,1,DiGi,6,Dinosaur,3,Dior,1,DJI,1,Dog,1,Double Dose,28,Double Tree,2,Dream,1,Drone,1,Dyson,5,E-books,1,Earbuds,5,Earth Hour,1,Education,4,Electric Scooter,1,Energizer,1,Entrecard,6,Events,9,Exams,4,Exercise Equipment,2,F1,2,Facebook,10,Fashion,8,Father's Day,1,Featured,2,Feng,1,Feng Shui,7,Festival,17,Finding Twitter Followers,2,Fitbit,2,Fitbit Ace,1,Fitness,6,Fitness Tracker,4,Food,2,Food In Aeon Bandaraya Melaka,1,Food In Melaka,14,Food Review,68,Football,24,Footwear,18,Fortnite,1,Fuel,2,Fun,80,Funny,21,G-Shock,1,Gadget,173,Games,5,Gaming,3,Gardening,1,Ghost,10,Gifts,11,Glasses,1,Golf,1,Google,6,Grab,1,GSC,3,Hard Drive,3,Hari Raya,2,Hatten Place,3,Health,31,Heart,18,Hermès,1,Heroes,7,Hi Tea,2,Home,5,Honor,4,Hotel,7,Hotel Review,2,Housekeeping,1,Huami,2,Huawei,10,HyperGear,2,IKEA,1,Infernal Affair,42,Infographic,3,Insurance,1,Internet,32,Internet Marketing,2,Investment,1,IOI City Mall,1,iPad,4,iPhone,10,iPod,2,Iron Man,2,Jay Chou,4,Jobs,1,Joke,2,Juke-Blog,27,Jusco,2,Kanghyuk,1,Kitchen,5,Kitchen Gadget,6,Knowledge,39,Kuala Lumpur,1,Lalamove,1,Lamborghini,2,Laptop,1,Lazada,4,Leaks,1,Lee Chong Wei,3,Lego,1,Lenovo,1,LG,2,Life-Style,46,Logitech,1,MacBook,1,MacDonald,2,Mahkota Parade,2,Make Money Blogging,3,Make Money Online,12,Make Money Tweeting,2,Malacca,16,Malaysia,38,Manchester United,14,Marketing,1,Maxis,1,McDonald's,1,MCO,31,Melaka,19,Mi Band,1,Microsoft,1,Midvalley,3,Mijia,1,Milky Our Pet Dog,1,Monday Blues,13,Money Talk,10,Mother's Day,3,Motorola,3,Movie Review,23,Music Monday,102,My Babies,200,My Chronicles,269,My Family,80,My Video,5,My Wife,25,Myvi,1,Nature,11,NBA,2,Nerf,1,New Mobile Phone,2,New Year,2,New Year's Resolutions,5,News,12,Nike,1,Nokia,3,Nokia E72,9,NSK,1,Nuffnang,17,Olympic,1,OnePlus,1,Oppo,6,Oreo,1,Outdoor,1,PageRank,2,Panasonic,1,Parenting,28,Pay Fong Middle School,2,PC Fair,1,Penang,1,Performance,1,Perodua,5,Pet,6,Petronas,5,PG Mall,1,Photography,21,Pikachu,1,Pokemon,1,Power Bank,1,Pregnancy,1,Premium Review,7,Pride Month,2,Problogging,14,Product Review,27,Productivity,1,Promotion,4,Proton,15,Proton Inspira,8,Qing Ming,5,Ramadan,4,Ramadan Buffet,5,Ranting,2,Razer,2,Realme,2,Redmi,2,Reebok,1,Reloaded,1,Reward,2,Rolls-Royce,1,Russell Taylors,4,Samsung,32,Samsung Galaxy S6,3,Seagate,1,Self-Improvement,1,Sex Chat,23,Sheraton PJ,1,Shocking,71,Shopping,22,Smartphone,58,Smartwatch,7,Snapchat,1,Software,4,Sony,2,Sony Ericsson,1,Soul,81,Speaker,4,Spectacles,1,Spongebob Squarepants,1,Sport,16,Star Wars,1,Starbucks,1,Streamyx,3,Subway,1,Sudio,1,Sunglasses,1,Supernatural,9,Suunto,1,Swimming,1,Tablet,4,Taiping,24,Taiwan Excellence,2,Taste Buds,110,Tech-Life,57,Tekkaus Poll,7,Telco,10,The Hobbit,1,Time,1,Tips,2,TM,2,Toy,22,Transformers,3,Travel,25,Twitter,13,Twitter Tools,1,U Mobile,1,Under Armour,1,Unifi,5,Vacation,13,Valentine's Day,4,Vivo,3,Watch,1,Wearable,14,Wesak Day,1,Widget,4,Women,9,Wordlesser Wednesday,28,Working Life,22,World Cup,12,Xiaomi,19,Youtube,9,YTL YES 4G,4,
ltr
item
Tekkaus | Lifestyle . Gadget . Food . Travel : 50% Lost Their Jobs-Self Employed Malaysians Choked By MCO
50% Lost Their Jobs-Self Employed Malaysians Choked By MCO
Almost 50% of self-employed Malaysians have lost their jobs and this number will continue to increase if the MCO were to be extended, according to a survey. Read on to find out more about the survey.
https://1.bp.blogspot.com/-imkOhKy55rI/Xo8mPUBHqzI/AAAAAAAAOcY/2cAtQ2lA5LUMocVi9TBqF6nMyDUBqpoLACLcBGAsYHQ/s1600/01%2B50%2525%2BLost%2BTheir%2BJobs-Self%2BEmployed%2BMalaysians%2BChoked%2BBy%2BMCO.jpg
https://1.bp.blogspot.com/-imkOhKy55rI/Xo8mPUBHqzI/AAAAAAAAOcY/2cAtQ2lA5LUMocVi9TBqF6nMyDUBqpoLACLcBGAsYHQ/s72-c/01%2B50%2525%2BLost%2BTheir%2BJobs-Self%2BEmployed%2BMalaysians%2BChoked%2BBy%2BMCO.jpg
Tekkaus | Lifestyle . Gadget . Food . Travel
https://www.tekkaus.com/2020/04/Malaysians-lost-their-jobs-self-employed-MCO.html
https://www.tekkaus.com/
https://www.tekkaus.com/
https://www.tekkaus.com/2020/04/Malaysians-lost-their-jobs-self-employed-MCO.html
true
4207407882210812347
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content