PETALING JAYA: While the additional stimulus for small and medium enterprises (SMEs) is a welcomed relief, response from the industry has been somewhat tepid as these additional measures will likely only be sufficient to help soothe the pain until the end of the movement control order (MCO) in mid-April.
If the MCO is extended, the supplemental stimulus will not be enough to keep businesses going and the likelihood of them shuttering their operations will still be on the cards as they brace for a recession.
In an announcement yesterday, the Prime Minister presented an additional stimulus of RM10bil to ease the financial burdens of the SMEs following calls from the industry to provide greater support for the business community.
SME Association of Malaysia president Datuk Michael Kang took the stimulus positively but noted that there were other issues not addressed in yesterday’s announcement.
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