KUALA LUMPUR, Oct 10 — The Small and Medium Enterprises Association of Malaysia (Samenta) has hailed Budget 2027 as an “SME Budget”, citing measures to ease cash flow pressures and lower operating costs for micro, small and medium enterprises (MSMEs).
Its national president Datuk William Ng also welcomed the declaration of 2027 as “Malaysia MSME Year” by Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong.
In a statement today, Ng said the budget’s focus on MSMEs was reflected in a RM57 billion financing and guarantee package, a one-percentage-point reduction in the corporate income tax rate for SMEs, and an exemption for SMEs from the revised RM2,000 minimum wage requirement.
