PETALING JAYA: Malaysia’s micro small and medium enterprise (MSME) sector, which accounts for close to 40% of the country’s gross domestic product, is on the brink of collapsing should the current nationwide lockdown continue indefinitely.
Based on a survey conducted by the Entrepreneur Development and Cooperatives Ministry (Medac), it is estimated that some 580, 000 businesses, representing 49% of the MSME sector, are at risk of failing by October if they are not allowed to start operations by then.
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