Save SMEs and jobs to save the economy

THE government’s recently announced stimulus package has been greeted with joy, particularly by the B40 (lower income) group. However, the government must urgently also consider small and medium enterprises (SMEs).

Today, a large part of our GDP hinges on the productivity of half a million SMEs that are already struggling, saddled with debts and cash flow problems. These companies are not allowed to cut staff salary even though employees receive benefits from the stimulus package while staying at home. This obviously poses a great burden for many SMEs.