KUALA LUMPUR, March 10 — The government will help micro, small, and medium enterprises (MSMEs) address concerns due to disruptions to goods and services following the West Asia conflict, said Investment, Trade, and Industry Deputy Minister Sim Tze Tzin.
At present, it is still conducting analysis and observing the situation more closely.
He said that Prime Minister Datuk Seri Anwar Ibrahim had recently clarified that there will obviously be an impact on the Malaysian economy.
“We will potentially face several issues, for example, in terms of logistics and goods passing through war zones. This challenge is not only faced by Malaysia but also by countries worldwide.
“Hence, the government will try to help in case of logistics or goods stuck or halted there,” Sim said in the Dewan Negara today.
He was replying to Senator Datuk Seri Mujahid Yusof's supplementary query about the Investment, Trade, and Industry Ministry's (MITI) strategy to mitigate the problems faced by MSMEs following the West Asia conflict, and whether the conflict would last long enough to cause MSMEs to “go out of business”.
Meanwhile, Sim said the ministry, through its officials or embassies, will assist MSMEs in addressing their concerns.
“The government will not remain silent, and we will act proactively.
“However, we need reports from embassies as well as MITI, the Malaysia External Trade Development Corporation (MATRADE) and the Malaysian Investment Development Authority’s (MIDA) attaché in the region so that appropriate actions can be taken,” he said.
