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Covid-19 forces closure of 32,000 SMEs, Parliament told
PETALING JAYA: More than 30,000 small- and medium-sized enterprises (SMEs) have closed shop since the movement control order (MCO) was implemented in March.

Entrepreneur Development and Cooperatives Minister Wan Junaidi Tuanku Jaafar today said 9,675 SMEs ceased operations during the first phase of the MCO from March 18 to June 9, and 22,794 during the recovery MCO (RMCO) phase from June to September.

“The highest figure was recorded in August with 17,800 SMEs ending operations,” he said, citing statistics from the Companies Commission of Malaysia, in a parliamentary written reply to June Leow Hsiad Hui (PH-Hulu Selangor).

Leow wanted to know the number of SMEs that had closed shop since the MCO was enforced to stem the spread of Covid-19 and what the ministry was doing to counter this.

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