🎶 Government's Plans: A 2% tax on dividend income may discourage small and medium enterprises (SMEs) from growing.

👥 William Un, president of the Small and Medium Enterprises Association, stated that most dividends go to business owners who haven't drawn salaries due to cash flow issues.

📉 The government is misled into thinking SMEs are thriving due to strong economic headlines.

💰 In his budget speech, Prime Minister Anor Ibrahim announced a 2% tax on individuals earning over 100,000 ringgit in dividends.

⚠️ The increase in minimum wage will negatively impact SMEs, especially in Sabah and Sarawak, where many will struggle with higher costs.

🌟 The only positive for SMEs in the budget is 50 million ringgit in matching grants for industrial training, which will help address the talent shortage.