PETALING JAYA: The Small and Medium Enterprises Association of Malaysia (Samenta) has voiced concern that the government may be lulled into believing ...
Ng says many SMEs are badly impacted by the additional cost of doing business and are mulling steep increases in selling prices. – Bernama filepic
Contrary to the belief, national president Datuk William Ng said many SMEs are badly impacted by the additional cost of doing business and are mulling steep increases in selling prices. Ng said Samenta is hopeful that Prime Minister Datuk Seri Anwar Ibrahim is aware of the issues and will refrain from introducing any new and incremental taxes that may further diminish the competitiveness of their SMEs.
Adding to the statement made by Treasury secretary-general Datuk Johan Mahmood Merican with regard to the engagement with the industry on Budget 2025, Ng said that while it is true that their input, as the oldest and largest association for SMEs, is considered by various ministries as part of the Budget 2025 process, they were specifically denied participation by the Ministry of Finance at a crucial engagement by the prime minister with industry associations in July.
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