M&As may help sustain small businesses

WITH the economic climate remaining a challenge for most businesses, industry observers think that mergers and acquisitions (M&A) could be a strategy to help sustain small businesses and give them a much needed boost in preparation for a recovery.

According to the Entrepreneurship Development and Cooperatives Ministry in a Parliamentary written reply dated Nov 5,2020, a total of 32,469 SMEs had folded since March 2020 when the movement control order (MCO) was first implemented to curb Covid-19.