PETALING JAYA: More special allocations and incentives are needed under the 2023 Revised Budget to help small and medium enterprises (SMEs) spur the local economy, say groups.
SME Association national president Ding Hong Sing welcomed Prime Minister Datuk Seri Anwar Ibrahim’s initiative to put SMEs as one of the main focuses in the revised 2023 Budget.
Anwar had announced that digital advancement, small and medium enterprises, and the green economy would be the focus of the revised 2023 Budget. He said as the Chinese international border has reopened, Malaysia must immediately capitalise on it by offering tax breaks and other benefits. By capturing these foreign investors through the assistance provided, he said Malaysia would be able to be the regional hub that local SMEs could benefit from.
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