KUALA LUMPUR, Oct 29 (Bernama) -- The government is taking a targeted approach to assist small and medium enterprises (SMEs) affected by economic pressures, including through loan rescheduling and restructuring, as well as payment deferments.
Govt Takes Targeted Approach To Assist Affected SMEs - Amir Hamzah
Dewan Rakyat, MoF, Amir Hamzah Azizan, SME, Budget
BE Bernama 
Key takeaways
Malaysia's Finance Minister II stated the government is assisting affected SMEs through loan restructuring and payment deferments. Additionally, new regulations will require foreign e-commerce platforms to register locally and comply with safety standards to ensure fair competition.
- SMEs can access loan rescheduling and SJPP financing via 23 financial institutions.
- An e-commerce Bill will require foreign platforms to register as local businesses.
- Imported low-value goods face a 10 per cent sales tax to level the playing field.
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