The COVID 19 pandemic in Malaysia saw most government agencies operating at minimum staffing with most working from home throughout 2020 and 2021. This has severely impacted the number of GE events approved by the National Biosafety Board (NBB).
The COVID-19 pandemic and ensuing movement control orders have severely impacted the Malaysian hotel, restaurant, and institutional (HRI) industry, with a significant decline of 71.2 percent to $12.5 billion in tourism receipts in 2020.
Post adjusted the Marketing Year (MY) 2020/21 crude palm oil (CPO) production forecast down by 8,000 tons to 18.7 million tons. COVID-19 has caused acute labor shortages as the Government of Malaysia (GOM) halted the intake of new foreign workers indefinitely, while allowing foreign workers with expired work permits to return home, thus exaggerating the labor issues.