SMEs vent out on stimulus


Businesses suffering: A shopper takes a picture at an empty shopping mall in Kuala Lumpur. The prolonged MCO has grounded many businesses while employers are burdened to meet wage bills on top of all other expenses. — AP

KUALA LUMPUR: The government’s RM250bil stimulus package has not gone down well with owners of small and large businesses.

They pointed out that there was no immediate relief for them except for the wage subsidy of RM600 per month for three months which they lament comes with conditions that many may not be able to fulfill.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Strong economic fundamentals, prudent management to contribute to stronger ringgit Premium
Matrix Concepts announces preview of latest Melbourne project Premium
Poor skinny kid from Malaysia makes it really big Premium
Brent could push past US$150/bbl if Russian oil exports shrink, BofA says Premium
Indonesia to allocate about 1 million tonnes of palm oil for export Premium
UK equities record best week since mid-March Premium
Oil settles up ahead of US driving season Premium
World stock markets rally, treasury yields fall on inflation data Premium
Wall St Week Ahead-Stock rally fanned by hopes of Fed 'past peak hawkishness' Premium
Embracing sustainability Premium

Others Also Read