KUALA LUMPUR : The Domestic Trade and Consumer Affairs Ministry has decided that the increase in companies' indebtedness threshold from RM10,000 to RM50,000 will be continued without a a time frame set, says Datuk Seri Alexander Nanta Linggi .
"The threshold value when we set it had a timeline but now we have decided this will continue and without a deadline for now. The Commission and the Ministry see this as a way to help those affected," he said during the question-and-answer session in the Dewan Rakyat on Thursday . Previously, the Commission had increased the indebtedness threshold from RM10,000 to RM50,000 as a temporary measure from April 23, 2020 to March 31, 2021 in order to reduce the risk of companies winding up.
"Of the total, 15,053 applications were from the B40 group while 6,344 applications were received from full-time students of higher learning institutions. A total of 21,107 sole proprietorship businesses and 290 partnership businesses were registered through SPPP during the period,"he said in reply to Cha Kee Chin's original question.