SME CORP TO EXECUTE CORONAVIRUS MITIGATION PLAN IF NECESSARY

SITI NOOR AFERA ABU

KUALA LUMPUR, Feb 6 (Bernama) -- SME Corp Malaysia will execute a mitigation plan to help small and medium-sized enterprises (SMEs) should the spread of the 2019 novel coronavirus (2019-nCoV) reach an alarming stage and adversely affect the industry’s economy.

Its chief executive officer Noor Azmi Mat Said said the agency, which is entrusted with the development of SMEs, will work with the government and relevant agencies to draw up the plan.

“The coronavirus has somewhat affected the SME industry particularly in the tourism and retail sectors.

"For example, during the recent Chinese New Year celebrations, the travel industry took a hit due to booking cancellations by customers who wished to avoid the coronavirus,” he told Bernama in an interview.

He said SME Corp would also organise a number of programmes and activities to ensure that the SME industry could assist the government in achieving the country’s gross domestic product (GDP) growth target.

"The programmes will be executed in collaboration with relevant agencies to develop the SME industry and ensure that we can achieve our target," he said.

In December last year, Finance Minister Lim Guan Eng said the government would maintain its projection of a 4.8 per cent GDP growth for this year despite the World Bank’s revision of its forecast to 4.5 per cent.

Meanwhile, Health Minister Datuk Seri Dr Dzulkefly Ahmad today said two new cases of coronavirus had been confirmed, bringing the number to 14 in Malaysia so far.

The infection originated in Wuhan City in Hubei province, China and spread to many countries including Malaysia and Singapore, with 563 deaths to date.

-- BERNAMA

 

TAGS:

SME Corp, Coronavirus, SME industry, Tourism, GDP