More SMEs to close with second MCO extension, says association head

Ragananthini Vethasalam

Prime Minister Muhyiddin Yassin today announced that the MCO will be extended till April 28. – The Malaysian Insight file pic, April 10, 2020.

MORE small and medium enterprises (SMEs) are expected to close shop and lay off worker under an extended movement control order (MCO), SME Association of Malaysia president Michael Kang said.

Speaking on a webinar hosted by Research For Social Advancement (Refsa) today, Kang said a prolonged period of shutdown beyond April 14 will see some SMEs cease operations and commence with retrenchment.

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