Extension of MCO Expected to Severely Impact Malaysia's SMEs

https://islamicmarkets.com/articles/extension-of-mco-expected-to-severely-impact-malaysia-s-smes
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Malaysia small and medium enterprises (SMEs) stated on the 30th of March 2020, that they do not expect any cash inflow to their businesses for at least three months due to Malaysia's movement control order (MCO) to curb the spread of the COVID-19. However, they are still expected to continue paying full salaries, rental and some statutory payments, said Datuk Michael Kang (Kang), the National President of SME Malaysia.

In an online survey conducted by the SME Association of Malaysia, it was found that 33% of SMEs have sufficient cash flow to sustain operations through March 2020, while 37.8% of SMEs can pull through until April 2020.

Kang added that only 26.3% of SMEs believed that...