Ex-finance minister Zafrul says wage subsidies helped SMEs stay afloat during pandemic

He said cashflow was among the main problems faced by companies struggling to stay afloat during the height of the pandemic, The Star reported. “Many companies, especially SMEs , were unable to pay wages.“We disbursed RM21 billion for the wage subsidy programme and this saved 3,800 companies,” he was quoted as saying.

“We are expecting more, and we hope we can continue the momentum. We know that 2023 will be a challenging year, looking at the global economic outlook. “However, when you look at investments, they are long-term in nature, so we need to continue to focus on getting the right types for Malaysia. “I am optimistic that we have the right package and will be able to continue to attract investors to Malaysia,” he said.

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