Another lockdown will kill 40% of SMEs, says association


SME Malaysia president Michael Kang says an initial report from the association’s dialogue with members indicated that 91% of SMEs expected their revenue to be affected by MCO 3.0. – The Malaysian Insight file pic, May 20, 2021.

SME ASSOCIATION of Malaysia (SME Malaysia) has warned that 40% of small and medium enterprises will shut down for good if the government imposes another full lockdown.

“It will spell the immediate end for all businesses across the nation,” its president, Michael Kang, said in a statement yesterday.


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Comments


  • These business fellers are not bothered if everyone else dies BUT their profits must continue to flow! These figures which they have plucked from thin air are exaggerations meant to stall any further action. Ignore.

    Posted 2 years ago by Simple Sulaiman