SSM raises indebtedness threshold for companies to RM50k on permanent basis

The Companies Commission of Malaysia (SSM) has permanently raised the indebtedness threshold for companies from RM10,000 to RM50,000 effective April 1.

Domestic Trade and Consumer Affairs Minister Alexander Nanta Linggi (above) in a statement today said the initiative was in the wake of the global and domestic economic situation, which may take longer to recover from the slowdown due to the Covid-19 pandemic...