2027 Budget described as 'SME Budget'

<p>KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (Samenta) has described the 2027 Budget as an “SME Budget”.

New Straits Times Inas Farid · News & blogs · 1 hr ago

Key takeaways

The 2027 Budget is called 'SME Budget' and supports small businesses with tax cuts and financing.

Samenta called the 2027 Budget an 'SME Budget' and endorsed 'Malaysia MSME Year'.
The budget includes tax cuts and exemptions for SMEs with sales under RM50 million.
The ABCD Framework aims to help SMEs modernize and compete regionally.

Summarised automatically by AI from the original article by New Straits Times. AI can make mistakes, so check the original for details.

KUALA LUMPUR: The Small and Medium Enterprises Association of Malaysia (Samenta) has described the 2027 Budget as an "SME Budget".

It also endorsed the declaration of 2027 as "Malaysia MSME Year" by Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong.

Samenta president Datuk William Ng said the budget placed micro, small and medium enterprises at the forefront of the nation's economic momentum.

He said the financing package and tax cut would provide direct cash flow relief and help businesses address core operating overheads.

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