SMEs expect more help from the gov't today, says news report

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| Small and medium enterprises are expecting the government to announce further additions to its stimulus package to help the sector survive challenges posed by the Covid-19 pandemic.

last night, which quoted SME Association of Malaysia president Michael Kang as saying he expects a paper on the matter to be discussed at the cabinet meeting today and for the decision to be announced immediately afterwards.last week, has been touted as all-encompassing under the theme “No One Left Behind”.

“We are looking at the government to assist with payroll and rents or provide a very specific short-term loan for six months’ expenditure. Just to roll over for the MCO period,” he was quoted as saying. He added that SMEs are also not in a position to roll over their loans because 80 percent don’t qualify for a loan, and the cash flow on hand would only last them a month or two.

 

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corporate greed as the rich keeps all their money and become richer & the poor people will be sacrificed & blame the government. Where is your responsibility? Its global pandemic. Cant you greedy people sacrifice a bit for a month? Only care for themselves only Malaysian

Govt servants getting all the benefits when they get their salaries paid without worry by the Govt . It simply doesn’t make sense when the private sector is the backbone of the Govt . The private sector is badly hit and the Govt should be doing everything for the private sector .

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