“The incentives should be extended to existing investors which had received approvals for expansion, diversification or new projects in 2019 as well as to domestic investments.
Soh also said FMM had called on the government to expedite implementation of the online collateral registry to include moveable assets such as machines, inventory, tangible assets and receivables. SME Association of Malaysia president Datuk Michael Kang also said the RCEP will benefit local SMEs as they will be able to access much larger markets and also source for raw materials and services at more competitive rates.
“Such training will help to close the skills gaps among locals, upgrade the earning capacity of the B40 group and reduce dependence on foreign workers.” Another RM150mil will go to a training and equipment aid programme under the E-Commerce SME Campaign, which can help them transition to a digital business.
since March this year when the movement control order was first implemented to stem the Covid-19 pandemic.