BFM 89.9
The Business Station
SME - Are Retailers Bracing For A Difficult Year In 2023?
11 mins
·
07:45, 31 Oct 2022
·
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Guest: Datuk William Ng, Chairman, Small and Medium Enterprises Association (SAMENTA)
While the retail sector saw a rapid recovery since the economic reopening, most retailers are bracing for a gloomy 2023. This is after two surveys were conducted by the Small and Medium Enterprises Association (SAMENTA) on the mid-term of SMEs and retailers’ outlook for next year. SAMENTA said most respondents were far less optimistic, with two out of three retailers expect a drop in both sales value and volume in 2023. Hence, it is crucial that the new government comes into power to implement measures that can protect businesses from these short term challenges as well as address long term issues to ensure growth. For insights, we speak to Datuk William Ng, Chairman of SAMENTA.
Image credit: Shutterstock
Presenter: Wong Shou Ning, Chong Tjen San, Philip See
Producer: Sim Wie Boon
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SME - Are Retailers Bracing For A Difficult Year In 2023?
11 mins
·
07:45, 31 Oct 2022
Guest: Datuk William Ng, Chairman, Small and Medium Enterprises Association (SAMENTA)
While the retail sector saw a rapid recovery since the economic reopening, most retailers are bracing for a gloomy 2023. This is after two surveys were conducted by the Small and Medium Enterprises Association (SAMENTA) on the mid-term of SMEs and retailers’ outlook for next year. SAMENTA said most respondents were far less optimistic, with two out of three retailers expect a drop in both sales value and volume in 2023. Hence, it is crucial that the new government comes into power to implement measures that can protect businesses from these short term challenges as well as address long term issues to ensure growth. For insights, we speak to Datuk William Ng, Chairman of SAMENTA.
Image credit: Shutterstock
Presenter: Wong Shou Ning, Chong Tjen San, Philip See
Producer: Sim Wie Boon
Share:
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Recent episodes
0
Latest Stories
Podcasts · Jan 16 · 36 mins
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Raising Funds To Take On ZUS? 81 Year Old SBK’s Next Phase