More than 90% of entrepreneurs at risk if MCO continues


A woman staring at the near empty shelf usually filled with buns and bread at a mini market within the area marked for enhanced MCO in Bayan Lepas, Penang.

KUALA LUMPUR: More than 90 per cent of micro, small, medium and informal enterprises would be risking business closure if the Movement Control Order (MCO) continues to be implemented, said the Ministry of Entrepreneur Development and Cooperative (MEDAC).

Its minister, Datuk Seri Dr Wan Junaidi Tuanku Jaafar said as such, the ministry will continue to undertake intervention measures under the Entrepreneur and Cooperative Recovery Plan, and offer financing assistance and targeted moratorium to help the entrepreneurs in facing the impact from the MCO.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Dollar down as 'Sell America' trade revives; yen slumps on Japan fiscal worries
Ringgit edges up against US$, major currencies in early trade
FBM KLCI loses more ground after 1,700 support breach
Trading ideas: IJM, Dayang, Mitrajaya, KKB, Greentronics, LFE, Swift, ICT Zone, PJBumi, Reservoir Link, MyTech, Reneuco. One Gasmaster, ISF, Ancom Nylex
IMF raises Malaysia's real GDP growth forecast to 4.3% for 2026, 2027
Oil rises on Kazakh supply disruptions, upbeat data
Wall St posts biggest daily drop in three months
Ancom Nylex reports better 2Q net profit
On track for further gains
Trade performance hits another high last year

Others Also Read