Cash limits may stifle SMEs and startups

PETALING JAYA: Small and medium enterprises (SMEs) will be hit the hardest if the Bank Negara Malaysia proposal to cap the Cash Transaction Limit (CTL) at RM25,000 next year goes through, say business associations.

SME Association of Malaysia president Datuk Michael Kang said that many small businesses still deal in cash with their supply chain, and capping the amount would be troublesome.