Which month saw the highest number of SME shutdowns?

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August Recorded the Highest Number of SME Shutdowns

Between March and September of the year in question, a total of 32,469 small and medium enterprises (SMEs) were compelled to cease operations. The month of August specifically registered the highest number of these shutdowns, with 17,800 SMEs ceasing their business activities during that period. These closures occurred concurrently with the implementation of movement control orders (MCO) and their subsequent variations, measures introduced to mitigate the spread of Covid-19 across Malaysia.
Total SME Closures During MCO Phases

The period encompassing the initial phase of the MCO, from March 18 to June 9, saw 9,675 SMEs discontinue operations. This was followed by a significantly larger number during the recovery MCO phase, which extended from June to September 22. During this latter period, a total of 22,794 SMEs were recorded to have shut down.
Ministry Data on SME Shutdowns

These figures were reported by the Entrepreneurship Development and Cooperation Ministry (Medac), drawing on statistics from the Companies Commission of Malaysia (SSM). The ministry provided this data in response to a parliamentary inquiry regarding the number of SMEs that had ceased operations since the MCO's enforcement.
Impact on Micro Entrepreneurs

A survey conducted by Medac indicated that micro entrepreneurs were disproportionately affected by the economic repercussions of the pandemic. The findings suggested that a majority of these micro-level businesses had not yet received government assistance, highlighting a significant vulnerability within this segment of the SME landscape.

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Which month saw the highest number of SME shutdowns?

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