KUALA LUMPUR, Feb 26 (Bernama) — In line with its commitment to play an active role in empowering small and medium-sized enterprises (SMEs) throughout their journey, AXA Affin General Insurance Berhad (AXA) strives to assist viable businesses and support the continuity of their business operations during difficult times.
With SMEs making up 98.5% of total registered businesses in Malaysia¹, they play an integral role in the country’s economy and growth. According to a survey by SME Corp², nearly 60% of SMEs reported not having any sales during the Movement Control Order period, while 39% experienced lower sales. The pandemic has inevitably impacted the SMEs financially and it is critical for them to be provided with additional support to mitigate their business risks in a disruptive environment.