More aid needed: Kumararajah says many small companies are not able to access the government’s stimulus packages.
KUALA LUMPUR: A business group has called for the setting up of a Special Purpose Vehicle (SPV) for bonds to be issued to allow greater access to funds for struggling companies.
The Business Survival Group (BSG), representing 262 business associations and chambers of commerce, suggested that the SPV be a public-private partnership modelled along Danaharta, which was set up by the government to take over non-performing loans from the financial sector.
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