Pressures On MSMEs Not Alleviated

Chin Chee Seong, National President, SME Association of Malaysia

21-Oct-24 08:45

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Despite the SME sector receiving a financing boost of RM40 billion ringgit and a RM3.2 billion ringgit micro-loans support for small traders, the introduction of more sales / sugar taxes, a higher minimum wage and a 2% dividend tax raises concerns about increased financial pressure on consumers and businesses. Chin Chee Seong, National President of SME Association of Malaysia shares his perspectives on why Budget 2025 was off the mark for MSMEs.

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