Stumbling block for SMEs

  • Nation Premium
  • Wednesday, 15 Apr 2020

PETALING JAYA: A week after the government announced an additional RM10bil allocation for small and medium-scale enterprises (SMEs), bureaucracy in applying for government aid is proving to be a stumbling block in helping businesses survive. The execution of the aid packages was “still a big problem” as the government and the banking sector were laden with bureaucracy, said SME Association of Malaysia president Datuk Michael Kang (pic).

“I hope all government servants and bankers can change their mindset into firefighting mode instead of remaining in their bureaucracy mode. By the time we follow all the bureaucracy and procedures, our economy is gone, ” he said yesterday.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Nation

Special PSD team to study four-day working week Premium
Appointment of MKI deputy chairman among matters discussed at Conference of Rulers meeting Premium
Graft: Financial institutions urged to channel info on suspicious transactions to MACC Premium
CM ‘deeply concerned’ over alleged fake IC scam involving Sabah party leader Premium
Licences of palm oil millers will be revoked if they refuse to resume operations, says Wee Jeck Seng Premium
Tractor driver who rammed into JPJ vehicle in Keningau detained Premium
Ministry to look into issue of subsidised cooking oil abuse, says Rosol Premium
Amendment for heavier penalties on environment crime to be tabled in Oct Premium
Tasamuh can help unite Muslims and the world, in line with Malaysian Family concept - PM Premium
Najib to respond over bid to adduce more evidence in SRC case Premium

Others Also Read