Coronavirus

Coronavirus: Malaysia’s lockdown dooms 150,000 SMEs, fuelling fears of exodus by multinationals

coronavirus:-malaysia’s-lockdown-dooms-150,000-smes,-fuelling-fears-of-exodus-by-multinationals

Half of Malaysia’s 900,000 small and medium-sized enterprises (SMEs), which employ about 50 per cent of the country’s 15.9 million workers, could fold if the current Covid-19 national lockdown is extended beyond September, an industry group has warned.

Since the pandemic broke out last year, at least 150,000 SMEs have shut, resulting in 1.2 million job losses, the Small and Medium Enterprises Association of Malaysia (Samenta) said.

More than 90 per cent of all companies in Malaysia are SMEs…

Leave a Reply

Your email address will not be published. Required fields are marked *