Page 4 - அமைச்சகம் ஆஃப் தொழில்முனைவோர் வளர்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Malaysian SMEs on the brink of collapse says MEDAC Details 09 July 2021 Malaysia’s MSME (micro, small and medium enterprise) sector, accounting for close to 40% of the country’s GDP, is said to be on the “brink of collapsing” should the current nationwide lockdown continue indefinitely. According to a press release statement on the Ministry of Entrepreneur Development and Cooperatives (MEDAC)’s website, a survey showed that an estimated 580,000 businesses, representing approximately 49% of the sector, are at risk of failing by October if they are not allowed to open up their operations by then. The closure of these businesses, which are mostly in the first to close last to open (FCLO) category, will see an expected estimate of more than seven million Malaysians unemployed. Assuming that each worker has an average of two dependents, it will mean that another 14 million people will be affected by this situation.

Muhyiddin yassinJunaidi tuanku jaafarMinistry of entrepreneur developmentEntrepreneur developmentWan junaidi tuanku jaafarWan junaidiPrime minister muhyiddin yassinஅமைச்சகம் ஆஃப் தொழில்முனைவோர் வளர்ச்சிதொழில்முனைவோர் வளர்ச்சிவ்யாந் ஜுனைதி