Legislation to bar Chinese citizens from buying property in the state ultimately failed, but many became politically engaged because of it.
PETALING JAYA: The increase in the minimum wage to RM1,700 from Feb 1 next year is expected to disrupt the operations of small and medium enterprises , according to the Small and Medium Enterprises Association of Malaysia .
He said SMEs in Sabah and Sarawak would be the most affected, and substantial job loss could be expected. He said it was not simple for SMEs to resort to automation as many multinational enterprises outsource their most labour-intensive work to SMEs, including tasks such as cleaning, maintenance, packing and logistics.
Ng also urged the government to abolish the proposed 2% tax on taxable dividend income above RM100,000, as it would also affect SME owners and amount to double taxation. He said Samenta was also thankful for TalentCorp's matching grant for industrial training, which would allow more youth to gain practical experience and ease the talent crunch among SMEs.
SME Minimum Wage Issues Taxable Dividend UNI-MLC
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