MaGIC: An estimated 40% of local tech startups will not survive if the Covid-19 crisis continues after May

Khairy plans to raise the issue of cash flow problems among tech startups with the government. — AZHAR MAHFOF/The Star

Despite the current difficult economic situation and the imposition of movement control order (MCO), investing in technology can protect companies and businesses, and cushion the economic impact, said Science, Technology and Innovation Minister Khairy Jamaluddin.

Although the government has introduced economic stimulus packages to wade through the difficult time, feedback given will help it understand the situation and ensure tech startups and the economy survives, he added.