GEORGE TOWN: About 70% of the small and medium enterprises (SMEs) in the country have cash reserves to last for another two months.
Small and Medium Association Malaysia (Samenta) national secretary Yeoh Seng Hooi said this is an alarming situation as the impact of Covid-19 could extend beyond six months.
“A small size company with revenue of between RM300,000 and less than RM15mil a year would need to spend RM50,000 to RM200,000 a month on salaries.
...