KUALA LUMPUR, Oct 10 (Bernama) -- Financing facilities and guarantees for micro, small and medium enterprises (MSMEs) and mid-tier companies have increased to RM57 billion under Budget 2027, compared with RM50 billion last year, in line with the government’s efforts to make 2027 Malaysia’s Year of MSMEs.
General : MSME Financing Rises To Record RM57 Billion
reaction, Budget 2027, Steven Sim, KUSKOP, MSMEs
BE Bernama 
Key points
- Entrepreneur Development and Cooperatives Minister Steven Sim said the budget focused on three key areas, namely facilitating access to financing, reducing business costs and expanding market opportunities.
- Sim also welcomed the exemption for MSMEs with annual sales below RM50 million from the increase in the minimum wage from RM1,700 to RM2,000 a month, effective June 2027.
- Under the productivity enhancement agenda, the government has allocated RM30 million to help 4,000 MSMEs adopt artificial intelligence (AI) and automation, in addition to RM25 billion in domestic investments by government-linked investment companies (GLICs) to drive high-value industries.
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