Government needs to do more to help ailing SMEs


  • Economy Premium
  • Wednesday, 25 Mar 2020

So far, Bank Negara has released RM30bil of liquidity into our banking system via the reduction of statutory reserve requirement (SRR).

IT has been a week of lockdown – staying at home – so I assumed that everyone gets to spend quality time with their family at home, all chilled and relax.

Instead I have been inundated with texts from small and medium enterprise (SME) owners who are worried sick at the total shutdown of economic activities in this country.

Do we have to pay the employees or can we ask them to utilise their annual leave or ask them to take unpaid leave?

The Human Resource Minister said we must pay, the Malaysian Employers Federation (MEF) differs and the National Union cries foul. It is only for 14 days for god’s sake, the employees pleaded. We can’t survive on half month’s salary!

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Government , help , ailing , SMEs , EPF , Bank Negara , banks , liquidity , stimulus , package ,

   

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