KUALA LUMPUR, Oct 9 (Bernama) -- Bank Negara Malaysia (BNM) will provide an additional RM5 billion on top of the RM5 billion already allocated to help small and medium enterprises (SMEs) affected by the West Asia conflict finance their businesses, said Prime Minister Datuk Seri Anwar Ibrahim.
Business : BNM To Provide RM5 Bln Financial Aid To SMEs Affected By West Asia Conflict - PM Anwar
SME, credit card, SJPP, CGC, Budget 2027, Anwar Ib
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Key points
- Anwar, who is also Finance Minister, said basic credit cards were also being offered by banking institutions, with interest rates capped at 14 per cent per annum.
- Anwar said Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) and Credit Guarantee Corporation Malaysia Bhd (CGC) would provide financing guarantees of up to RM32 billion next year.
- “Of the total, RM1 billion in SJPP guarantees will be set aside to support the expansion of local companies through mergers and acquisitions (M&A),” he added.
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- Bernama Business : BNM To Provide RM5 Bln Financial Aid To SMEs Affected By West Asia Conflict - PM Anwar (this story)
