15% SMEs closed down during pandemic

Khoo Gek San

Micro-enterprises make up the bulk of the SME sector at 78.4%. – The Malaysian Insight file pic, January 4, 2022.

ABOUT 15% of micro-, small- and medium-sized enterprises (MSME) are temporarily closed due to a lack of funds stemming from the Covid-19 epidemic, said Ding Hong Sing, president of the SME Association of Malaysia.

Ding said there are 1.15 million SMEs, which account for 97.2% of businesses in Malaysia.

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