Flood losses estimated at up to RM6.5 billion

The floods which struck 50 districts in the country last month have caused an estimated loss of between RM5.3 billion and RM6.5 billion, according to the Statistics Department (DOSM).

Minister in the Prime Minister’s Department (Economic Affairs) Mustapa Mohamed said of the total, losses involving public assets and infrastructure such as roads and bridges were the highest at RM2 billion.

Others include damage caused to houses, with estimated losses of between RM1.2 billion and RM1.4 billion; vehicles (RM1 billion to RM1.3 billion); manufacturing sector (RM800 million to RM1 billion); business premises (RM500 million to RM600 million); and agriculture sector (RM40.9 million to RM49.9 million).

Mustapa said this to reporters after launching the Household Income Expenditure and Basic Amenities Survey (HIES/BA) 2022 in Sepang today.

On the HIES/BA 2022, Mustapa said the survey would be conducted through face-to-face interviews involving about 93,000 households or 500,000 residents nationwide, from January to December.

Mustapa said among the objectives of the survey were to study and analyse household income and expenditure patterns as well as provide poverty statistics, especially the poverty rate, up to the administrative district level.

“It helps the government plan and monitor the effectiveness of the implementation of the national development plans, especially to improve the well-being of the people,” he said.

Meanwhile, chief statistician Mohd Uzir Mahidin said the findings of the HIES/BA 2022 survey would provide comprehensive input towards the implementation of existing policies such as the Shared Prosperity Vision 2030, the 2030 Agenda for Sustainable Development Goals and the 12th Malaysia Plan.