Challenging new norms for the surviving SMEs

Challenging new norms cht

DURING a prolonged economic crisis, Malaysian small and medium enterprises (SMEs) are likely more vulnerable to an economic downturn due to their limited financial capabilities and high-dependence on banks’ credit compared to larger firms.

On top of the financial aspects, SMEs’ relative shortcomings in terms of technology and resources would also reduce their ability to weather any major economic turbulence.

In this article, we examine how SMEs can increase their chances of surviving the Covid-19 crisis by addressing key structural issues.