MCA dialogue highlights SME challenges, calls for policy reforms and support

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KUALA LUMPUR: The MCA Economic and SME Committee's recent dialogue underscored the critical need for careful fiscal reforms, support for small and medium-sized enterprises (SMEs) innovation, and enhanced competitiveness to ensure economic stability in Malaysia.

The meeting, attended by representatives from 12 local business associations, addressed critical issues such as taxation, diesel and RON95 subsidies, minimum wage policies, and e-invoicing, offering valuable insights for government policy formulation.

He urged for increased focus on domestic investments and highlighted the pressures local SMEs face from cheaper Chinese goods and the Regional Comprehensive Economic Partnership (RCEP).

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Article Details

Category: EconomyBusiness

Markets: MalaysiaPhilippines

Topics: /Business/Business News SMEs MCA GST SME SST Budget 2025

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 15:45:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 666 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 21904565

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

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