PETALING JAYA: SMEs continue to face severe margin compression even as the economy continues its recovery path, said Small and Medium Enterprises Asso...
SMEs continue to face severe margin compression even as the economy continues its recovery path, said Small and Medium Enterprises Association of Malaysia national president Datuk William Ng.
In the latest survey conducted by Samenta, two out three SMEs indicated they have less than six months of cash reserves. This is despite some 44% of the SMEs reporting revenue growth. He added that they are concerned the government may be lulled into believing that SMEs are doing well because of the strong economic rebound and moderation of inflation.
“This has also translated into the mixed sentiment shown in our survey conducted in July; with SMEs reporting poor prospects for the rest of 2024 almost equalling those who indicated good or excellent prospects,” he said.
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