NATURAL DISASTERS (FLOODS) CRISIS IN MALAYSIA AND ITS IMPACT ON THE NATIONAL ECONOMY: PERCEPTION ANALYSIS THROUGH THE 3PS MODEL

Abstract

Flood is one of natural disasters crises that occur not only in Malaysia, but also in foreign countries. The flood disaster has caused the country to suffer huge losses due to the property destruction, and cost people's lives. In Malaysia, almost all states have been hit by floods. To deal with it, various initiatives have been implemented by the Government, in collaboration with the private sector and Non-Governmental Organizations (NGOs). The people also show great cooperation by implementing early preparations to deal with floods. However, there are different perceptions on flood disaster effects in economic aspect. Thus, this article will identify the extent to which the flood crisis in Malaysia affects the country's economy. The study will be carried out by analyzing the Government, private sector, and people, as well as NGOs perceptions based on the perspective of 3Ps Model. The study uses qualitative and analytical methods by referring to primary and secondary documents such as official reports, academic journals, and online news as well as through interviews with Government officials and NGOs. The analysis results found that the natural disasters crisis that occurred had a profound impact on the national economy when the country suffered high losses, as well as the people who suffered losses due to the destruction of properties that were flooded, including the need to spend for flood mitigation. The government, private sector and NGOs have also incurred high costs to aid flood victims.