15% SMEs closed down during pandemic

PETALING JAYA: About 15 per cent of micro, small, and medium-sized enterprises (MSME) are temporarily closed due to a lack of funds stemming from the pandemic, The Malaysian Insight reports.

According to the SME Association president, Ding Hong Sing there are 1.15 million SMEs, which account for 97.2 per cent of businesses in Malaysia.

Since 2015, SMEs have increased by an average 4.9 per…