Cash burn: Service-oriented businesses are bleeding dry as revenue streams are cut off. — AP
IT wasn’t that long ago that we were hanging the hopes of our economy on the SMEs. In recent years, the sector’s growth has exceeded the growth of Malaysia’s gross domestic product (GDP) and the government was targeting to push SME contribution to GDP to 45% in 2025 from 38.3% in 2018.
Today, however, the sector has been brought to its knees by Covid-19 and the subsequent movement control order (MCO) imposed by the government to contain the outbreak.
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