Companies may have problems claiming wage subsidies under SME stimulus package, says FMM


PETALING JAYA: The additional allocation worth RM10bil for small and medium enterprises (SMEs) is timely and welcomed, says the Federation of Malaysian Manufacturers (FMM).

However, its president Tan Sri Soh Thian Lai said that as much as the government had responded to SME needs, some conditions for companies to qualify for the stimulus benefits may render it a bit difficult to claim the wage subsidies.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Coronavirus , FMM , SMEs , SME Stimulus , Soh Thian Lai

   

Next In Nation

MPV in crash where eight died was being pursued by cops
Melaka carrying out measures to protect residents from crocodile threat
Malaysia re-elected to Uncitral for 2025-2031 term
Malaysia, Vietnam elevate bilateral relations to comprehensive strategic partnership
Vehicles in viral video given summonses for parking too close to bus stop, Ipoh cops say
Eight people in MPV die in collision with 4WD in Sibu
Company director loses RM34,000 in scam to supply non-existent Agriculture Department order
Girl among three killed, baby hurt after family of four on motorcycle crash into lorry
Water levels at three major Kelantan rivers surpass alert levels
Scheduled water cuts to seven Penang Island areas Nov 28-29

Others Also Read