They said the additional RM10 billion would help SMEs, especially those categorised as micro-sized, with tight cash flow due to zero or minimal sales revenue due to the Covid-19 pandemic.
Hence, Razman said, additional support in the form of a special grant of RM3,000 for micro-sized enterprises was seen as a good relief as well. “This additional package will indeed help increase the gross domestic product by a couple of percentage points as most of the cash relief will definitely be spent by the workers and the businesses in the next few months.”
“For SMEs which have yet to register with the authorities, such as the Companies Commission of Malaysia and Inland Revenue Board, perhaps this is the best time to do so. “Today’s stimulus brings the fiscal injection to RM35 billion, which was our expectation prior to third stimulus package,” it said.
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