SMEs face shrinking margins despite economic recovery, group warns

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KUALA LUMPUR, Sept 6 — Small and medium enterprises (SMEs) in Malaysia continue to struggle with shrinking profit mar...

Samenta has urged the government to halt any new cost increases and curb fee hikes by agencies and local authorities, warning that the situation could lead to mass closures and job losses if left unaddressed.“The rosy headline numbers are not reflecting the reality on the ground for our SMEs,” Ng added.

KUALA LUMPUR, Sept 6 — Small and medium enterprises (SMEs) in Malaysia continue to struggle with shrinking profit margins despite the nation’s overall economic recovery, according to the Small and Medium Enterprises Association of Malaysia (Samenta).

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: SME Association of Malaysia Economy Small and medium enterprises

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-06 @ 17:23:13 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 322 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 36 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22391666

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