SMEs vent out on stimulus

TheStar Mon, Mar 30, 2020 08:20am - 4 years View Original


Businesses suffering: A shopper takes a picture at an empty shopping mall in Kuala Lumpur. The prolonged MCO has grounded many businesses while employers are burdened to meet wage bills on top of all other expenses. — AP

KUALA LUMPUR: The government’s RM250bil stimulus package has not gone down well with owners of small and large businesses.

They pointed out that there was no immediate relief for them except for the wage subsidy of RM600 per month for three months which they lament comes with conditions that many may not be able to fulfill.

While they agree that the government’s move to put money in the hands of the people was good, they also pointed out that it should only be for those in the lower income bracket and not for all segments of the people.

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