KUALA LUMPUR: SME Bank will channel about RM2.8 billion under the 2027 Budget to strengthen the competitiveness of Malaysian businesses across seven priority sectors.
The initiatives form part of more than RM7 billion in government-mandated programmes allocated through SME Bank's parent Bank Pembangunan Malaysia Bhd.
SME Bank chief executive officer Samad Majid Zain said the initiatives will help businesses adopt technology, improve productivity, operate sustainably and expand into new markets.
He said the bank will leverage Bank Pembangunan's capabilities to support enterprise development, aligning with the government's economic reform agenda and the 13th Malaysia Plan.
