Yahoo · 21 Oct, 01:52 · Finance briefing

Guan Eng warns of SME liquidity crisis over RM30b delayed tax refunds

Finance Minister Lim Guan Eng has issued a stark warning regarding a potential liquidity crisis facing small and medium-sized enterprises.

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The briefing

The story
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Finance Minister Lim Guan Eng has issued a stark warning regarding a potential liquidity crisis facing small and medium-sized enterprises. This concern stems from approximately RM30 billion in delayed tax refunds, which are critical for maintaining cash flow. The situation highlights systemic administrative bottlenecks within the revenue department that are impacting business operations. For professionals, this signals a broader economic strain where working capital management becomes paramount. The delay affects not only SMEs but also the wider supply chain, potentially leading to reduced hiring and operational constraints. Understanding these fiscal pressures is essential for navigating the current business landscape effectively.

Employer demand for Finance and Accounting skills — indexed growth since 2019
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Your move

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This development directly impacts your career trajectory, particularly if you work in finance, operations, or SME support. Liquidity management skills are now premium assets. You must prioritise understanding cash flow forecasting and working capital strategies. Professionals in accounting and tax advisory should deepen their expertise in navigating bureaucratic delays and optimising refund processes. If you lead teams, focus on crisis communication and resilience planning. Smart professionals will upskill in financial modelling to stress-test their organisations against cash flow shocks. Consider specialising in regulatory compliance or tax optimisation to help clients or employers mitigate these delays. Your ability to maintain operational stability during fiscal uncertainty will distinguish you in the job market. Stay agile and informed.

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