Question: ASSIGNMENT QUESTION It is without a doubt that the COVID-19 situation has impacted global markets. It is an unprecedented event and many - including businesses

ASSIGNMENT QUESTION It is without a doubt that

ASSIGNMENT QUESTION It is without a doubt that the COVID-19 situation has impacted global markets. It is an unprecedented event and many - including businesses - have been taken by complete surprise with the way things have been unfolding. For example, the global aviation sector is forced to scale back their operations as people are no longer travelling. Non-essential businesses including real estate, construction, automotive, travel agencies and retail outlets have been forced to close. Many businesses are now finding it hard to keep up with their monthly expenses. To help ease the burden, Bank Negara Malaysia (BNM) announced a six-month moratorium period for loans and mortgages. However, even with the relief from lenders, it is envisaged that many individuals and businesses will still struggle to make ends meet. It is no longer business as usual, and the seriousness of the domino effect towards the end of the value chain i.e. households, must be recognized. When households are no longer spending, that's when more businesses start to fail. (Sources: https://www2.deloitte.com/my/en/pages/financial-advisory/articles/financial-impact-of-covid-19.html) As a business student, you are required to discuss and analyse the above mentioned issue. In your report, the following should be answered. 1. Explain how the issues affect businesses in Malaysia. 2. Provide a few examples about the above mentioned issues. 3. Analyse how those issues affected the wellbeing of employees and employers in Malaysia. 4. Provide solutions to tackle this problem in Malaysia

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