Debt delay not long-term solution

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) SMEs committee chairman Koong Lin Loong told StarBiz that the exemptions made by the minister, while positive, was not significant enough to help most companies get through the current tough times.

PETALING JAYA: While the Companies (Exemption) Order 2020 provides comfort to the business community, it does not address the biggest problem currently face by companies – a shortage of cash flow.

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) SMEs committee chairman Koong Lin Loong told StarBiz that the exemptions made by the minister, while positive, was not significant enough to help most companies get through the current tough times.