KUALA LUMPUR: The Pemerkasa initiative, which provides microcredit financing to small and medium enterprises (SMEs), can help ease the cash flow problems of those affected by the implementation of the Movement Control Order (MCO) 2.0.
SME Association of Malaysia president Datuk Michael Kang (pic) said at least 30% of industries in Malaysia are still not allowed to operate during MCO 2.0, leaving them facing cash flow problems.
“The prime minister also said that the enforcement of a blanket MCO may not be needed in the future and that it will be enforced only according to localities, focusing on the clusters involved, and that is the right solution, ” he told Bernama.
Majlis Amanah Rakyat (Mara) deputy director-general (entrepreneurship) Datuk Zulfikri Osman said the majority of micro-entrepreneurs are still in the initial survival stage this year, following the continuous MCO to curb the spread of the Covid-19.
As such, he said, the microcredit financing facilities are very important to ensure the continuity of SMEs which would otherwise face the risk of being wound up.
Source: https://www.thestar.com.my/business/business-news/2021/03/19/pemerkasa-helps-smes-mitigate-cash-flow-problems