Wage subsidy programme extension helps sustain businesses - FMM

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The extension of the wage subsidy programme for another three months until December provides much-needed support for industries in sustaining their business and safeguarding employment.This is as businesses continue to face recovery challenges in the second half of 2020, especially in terms of lower projected domestic and export sales.Federation of Malaysian Manufacturers (FMM) president Soh Thian Lai (above) said as the impact of Covid-19 has weighed heavily on businesses, the federation recognised that the stimulus and economic recovery packages that had been swiftly introduced and implemented by the government have been very instrumental in the initial business recovery process.The stimulus has also assisted businesses, especially small and medium enterprises (SMEs), in particular micro-businesses, to overcome some of the challenges, especially cash flow constraints and in …