DAP: Declaration of public holiday an irresponsible move

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Bank Negara Malaysia (BNM) says it will, however, remain open as usual, as will all other banks.

DAP lawmakers today said declaring a public holiday for all three federal territories tomorrow was an irresponsible move

Bangi MP Ong Kian Ming said the sudden announcement made by the federal territories minister Datuk Seri Shahidan Kassim yesterday is economically and socially disruptive for many.

“This unexpected holiday will cost many companies millions in unplanned lost output,” he added.

Ong said businesses that conduct transactions with government offices would have to delay their transactions to next week and this will result in lost time and productivity.

He added that the unplanned public holiday was socially disruptive for parents who live in KL but work in Selangor.

“They would have to make sudden childcare arrangements for their children who do not have to go to school,” he said.

Shahidan announced the special holiday for the federal territories of Kuala Lumpur, Putrajaya and Labuan after Kuala Lumpur City FC took the coveted Malaysia Cup 2021 crown on Tuesday night, ending a 32-year drought in the competition.

DAP Seputeh MP, Teresa Kok said that there was no reason to make such a “sudden” public holiday announcement.

“If you want to give RM1mil each to all the football players, please do so. But please don’t make such a sudden announcement of a public holiday on Friday,” she said while debating the Supply Bill 2022 (Budget 2022) at the committee level for the Federal Territories Ministry in the Dewan Rakyat.

Bernama

“Not everyone is a football fan and not everyone wants a holiday.

“With the announcement, schools cannot open with some sitting for examinations.

“There are companies, businesses and industries, factories that are forced to cancel prior plans.

“Luckily, we do not have any Parliament sittings on Fridays, or else we will also be forced to postpone it,” she said.

Earlier today, Bursa Malaysia announced that the stock exchange and its subsidiaries will be closed on Friday in conjunction with the public holiday and will resume operation on Monday, Dec 6.

However, Bank Negara Malaysia (BNM) also issued a statement stating it will remain open as usual, as will all banks, on Friday.

“BNM and all banks, including branch operations, in the federal territory of Kuala Lumpur will be open and operating as usual on Friday, Dec 3. Financial market transactions in the foreign exchange, money and over-the-counter (OTC) bond markets will also continue to function as usual,” it said.