PRIORITY ON SHORING UP SMEs

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In Malaysia, SMEs make up the backbone of the economy. According to the Department of Statistics, SMES contributed 38.9% to the GDP and 48.4% to employment in Malaysia in 2019.

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A healthcare personnel taking a Covid-19 swab sample from a worker. Employers maintain that the source of workplace infection is usually external. – K.K. SHAM/The Star

Federation of Malaysian Manufacturers president Tan Sri Soh Thian Lai said that workplace clusters have caused factories to be erroneously blamed as the source of outbreaks. Once a worker is confirmed positive, more workers will be tested to arrest further infection. “This becomes classified as a workplace cluster by the authorities – giving rise to the misconception that the workplace is the primary source of infection,” said Soh.Still, workplace outbreaks have led to halts in production and that is why the Government’s financial packages collectively worth RM530bil are mostly focused on businesses – namely essential sectors, and small and medium size enterprises .

The Government ensures that ample support is given to SMEs which are usually the first to fold in an economic crisis.

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