Initiatives to help micro businesses, SMEs recover lauded

PETALING JAYA: Some Budget 2022’s initiatives are seen as instrumental to the recovery of local small and medium enterprises (SMEs), namely microcredit loans at a 0% interest rate, deferment of income tax instalment payments, Reinvestment Allowance (RE), and the RM40 billion Semarak Niaga.

Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) treasurer-general and SMEs…

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