SME association says Budget 2027 offers support, but warns of ‘cumulative’ cost pressures
KUALA LUMPUR, Oct 10 — The Small and Medium Enterprises (SME) Association of Malaysia has welcomed the government&...
The Small and Medium Enterprises (SME) Association of Malaysia commended the government's Budget 2027 initiatives to stimulate domestic consumption and encourage investment, yet expressed concern over the sector's overarching cost challenges. President Chin Chee Seong stressed the need for tangible, measurable outcomes from SMEs, rather than merely increased financial allocations.
He welcomed the exemption of micro, small and medium enterprises (MSMEs) with annual sales under RM50 million from the minimum wage increase to RM2,000, yet cautioned that these businesses would still bear indirect cost pressures through their supply chains.
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