PETALING JAYA: Small and medium enterprises (SMEs) will be hit the hardest if the Bank Negara Malaysia proposal to cap the Cash Transaction Limit (CTL) at RM25,000 next year goes through, say business associations.
SME Association of Malaysia president Datuk Michael Kang said that many small businesses still deal in cash with their supply chain, and capping the amount would be troublesome.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!