AmCham Warns Malaysia of SME-Reliant MNCs Winding Up Operations

The American Malaysian Chamber of Commerce (AmCham) has warned that the impact of the movement control order (MCO) on small and medium enterprises (SMEs) could cause multinational companies (MNC) that work closely with them to either scale-down or uproot their operations.

AmCham added that MNCs and direct clients overseas were unable to access the required products made in Malaysia due to the on-going MCO.

Further, AmCham stated that closure of these MNCs would impact the local supply chain, potentially risking the going-concern of Malaysian SMEs. This, in turn, could result in a shortage of essential products demanded in the fields of medicine, healthcare, communications, and comput...