Malaysian SMEs give thumbs up to new coronavirus economic stimulus package
KUALA LUMPUR - Malaysia’s Prime Minister Muhyiddin Yassin’s latest package of financial measures to support Malaysian businesses and workers during the coronavirus pandemic is a long-needed shot in the arm for employers but may still fall sort of his promise that “no one is left behind”.
That’s according to small business owners canvassed by Salaam Gateway following his announcement on Monday (Apr 6) of an updated stimulus package that this time focused its attention on SMEs.
The 10 billion Malaysian ringgit ($2.3 billion) offer now raises the government’s support pledge to 260 billion ringgit to staff and employers affected the most by controls on movement and trading designed to slow the spread of the coronavirus.
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