25 pct of SMEs will likely not survive another Covid-19 wave: Survey

Low Choon Chyuan

Modified 6 Aug 2020, 5:56 pm

A survey conducted by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) has revealed that 25 percent of small and medium enterprises (SMEs) will likely cease operations if the country is hit with another wave of Covid-19.

The poll on Malaysia’s business and economic conditions showed that business for 78.2 percent of local enterprises surveyed had suffered badly during the first half of this year due to the economical impacts of the Covid-19 pandemic...

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