THE MALAYSIAN ECONOMIC SUMMIT 2020
“COVID-19: Assessing Financial and Economic Impacts & Its Aftermath”
12th October 2020 @ The Ritz-Carlton Kuala Lumpur
Seatech Ventures Corp’s CEO Chin Chee Seong as panel speaker in the above event held in Kuala Lumpur.
The coronavirus (COVID-19) pandemic has rapidly spread around the globe. To date, the total number of cases numbered at more than 19 million cases with more than 730,000 cases of death and the recovered cases numbered at almost 13 million cases worldwide. In Malaysia alone, to date, there are a cumulative cases of more than 9,000 and 125 cases of death.
As the pandemic continues to spread, healthcare systems and economies are coming under tremendous and severe pressure. The business community is deeply concerned about the impact of the Coronavirus crisis on the global economy – evidenced by this week’s stock market volatility.
Every company with a supply chain in China has been hit hard by the crisis, some to the point of paralysis. Still, the end of the crisis is not yet in sight. Companies will need to prepare for a protracted crisis that might last for months with broad ripple effects. Some sectors could suffer, but others could see a pickup in orders and sales.
Given the fastmoving nature of developments at this juncture, forming a full and conclusive narrative is not yet possible, and indeed could lead to miscalculation. All in all, 2020 and beyond will be challenging for the economy, where uncertainty and volatility will reach a new momentum and norm for at least a few years to come.
With this in mind, this conference aims to gather a set of premises and observations to inform on the financial and economic impact of COVID-19 and its aftermath on the economy and what other steps are needed to weather this global storm? What other solutions are available? How would you view the world in the near future?
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