KUALA LUMPUR: The micro and small and medium enterprises (MSME), which account for 40% of the country’s GDP, is on the brink of collapse if the restrictions on business operations continue indefinitely.
The Ministry of Entrepreneur Development and Cooperatives (MEDAC) said on Wednesday its recent survey estimated 580,000 businesses, or 49% of the MSME sector, are at risk of failing by October, if they are not allowed to open up their operations by then.
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