Helping SMEs is one way of rebuilding the economy, says Michael Kang of the Small and Medium Enterprises Association of Malaysia.
Weak market sentiments following opposition leader Anwar Ibrahim’s announcement of having enough numbers to form a new government saw the ringgit at a near two-week low yesterday. He also welcomed the government’s new Kita Prihatin stimulus package announced by Prime Minister Muhyiddin Yassin yesterday, which included the Wage Subsidy Programme 2.0 targeted at helping the B40 and M40 groups, workers and micro businesses.
“So long as the government has a wafer-thin majority there will always be jitters in the financial markets whenever something comes up that threatens the government mandate.He said that under the present circumstances, other events could bring similar impact, such as bad news on Covid-19 numbers or the election results in Sabah on Saturday.
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