Give struggling companies a lifeline, say Malaysians

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PETALING JAYA: While most know it is necessary, there is still a sense of dread among many following the announcement that the movement control order (MCO) has been extended.

Although some measures were announced to help Malaysians cope with the adverse effect of the MCO, accountant KC Lee, 36, from Damansara, felt not much was done to help companies that must still pay salaries.

“As the salaried employees have more money to spend now following the deferment of loans and withdrawal from their pension funds, businesses that have no production and collection were not even given income tax deferment,” she said.Cryptocurrency trader Chong Ming Huei, 40, felt that businesses should have been more ready financially to face such challenges.“When making profits during good times, businesses are less likely to think about employees, who are actually assets.

Klang-based Razman Sutiman, who runs a stall selling food for breakfast and lunch, said he was still operating but on a smaller scale.“I used to cook over 10 dishes, but now I will keep it at around five dishes and in smaller quantities as some of my regulars still come for take-away. Vegetable trader Lye Kian Sin, 45, said business at his stall at a covered morning market in Melaka was badly affected by the MCO.“Customers have been avoiding buying vegetables because a lot of water is needed to wash them.

 

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In good time and high profits what were the management of companies doing. High living. Ignoring the plight of their employees. Now that the shoes is on their feet. They beg for assistance. Karma never sleeps. Rakyat first.

There’s no money, have you forgotten 1MDB?

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