fbpx
Connect with us

Social Stories

Almost 100,000 SMEs in Klang Valley Will Be Forced To Close Down If The Pandemic Lasts For Another 3 Months

Published

Pjimage 2020 10 19T084222.923
Source: SME Magazine & SME Magazine

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

It’s no surprise that the recent upsurge of Covid-19 cases and the subsequent Conditional Movement Control Order (CMCO) caused many Malaysians distress, especially SME (Small and medium-sized enterprises) owners.

Who can blame them for being worried? In fact, the president of the Malaysian SME Association, Datuk Michael Kang, told that an estimated 50,000 to 100,000 retailers in the Klang Valley will be forced to close down if the Covid-19 pandemic continues for another three months.

Choy Gst Print 2501 1

This would cause a loss of up to RM400 million, not including all retailers nationwide. To solve this, the president urged politicians to set aside their respective agendas for their own benefit, which in the end was seen as only inconvenient for the people.

He told Astro Awani that the government should “lockdown” all political activities for now and focus on solving the Covid-19 crisis and developing the country’s economy.

“Our country’s economy is ‘sick’. What do we say we focus on a more important agenda?”

Michael Kang Apr162020 17042020 Tem

Sme malaysia president, datuk michael kang

He added that retailers especially those who are in business in malls have gone through too much owing to the recent rise in cases.

Will or more importantly CAN our politicians set aside their differences and help out struggling Malaysians during these crucial times? Well, guess what we can do is just wait and see.

 

Also read: If You’re A SME Owner, Here’s How You Can Get RM3,000 One-Off Aid From The Government

Pjimage 2020 09 25T130551.488

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Fake Kidnap To Skip Class Fake Kidnap To Skip Class
News1 hour ago

M’sian Teen in Sabah Caught Faking Her Own Kidnapping to Avoid Going to Class

We’ve all had that subject in school that we dreaded going to while still studying. However, this 13-year-old girl decided...

Collage Collage
News3 hours ago

PN Says They Will NOT Close Down Vernacular Schools, Dr Akmal Argues it’s PN’s Attempt to Get Votes

The debate about vernacular schools is still ongoing, but Perikatan Nasional recently clarified that, according to its member Wan Ahmad...

No Palm Oil Ice Cream Fine No Palm Oil Ice Cream Fine
News3 hours ago

Minister of Plantations: Fine of Up To RM250,000 For Traders Discriminating Palm Oil Products

Palm oil is one of our country’s products, and internationally, there have been many claims by different parties that it...

Collage 12 Collage 12
News21 hours ago

“It’s against principles of Islamic justice” – Perak Mufti Tells M’sians to Stop Boycotting KK Mart

KK Mart is still facing the wrath of boycott movements following the Allah socks issue. Is it time we put...

My Post 1 2024 05 03T164055.030 My Post 1 2024 05 03T164055.030
News22 hours ago

M’sians are Questioning How Microsoft’s RM10.5Bil Investment Will Bring 300k Job Opportunities

It was recently announced that Microsoft will invest RM10.5 billion to build cloud and AI infrastructures in Malaysia over the...

My Post 2 50 My Post 2 50
News23 hours ago

Perak Market Fish Vendor Admits to Peeing at His Stall in Front of Customers, Says He’s Short Staffed

While wet markets have always been, well, wet and a little dirty, no one would expect there to be human...

Feat Image Media Feat Image Media
News23 hours ago

M’sia Falls 34 Spots in World Press Freedom Index 2024 Due to Alleged Govt ‘Censorship’ of Criticism

Malaysia is no longer the highest-ranked Southeast Asian nation in the World Press Freedom Index 2024, the latest edition of...

Feat Image Hotline Jakim Feat Image Hotline Jakim
News1 day ago

JAKIM Sets Up 24-Hour Special Hotline for M’sians to Channel Complaints About Insults to Islam

The Department of Islamic Development Malaysia (JAKIM) has launched a special 24-hour hotline for the public to channel complaints regarding...

Announcement

Latest Videos



TRENDING TODAY