Various measures lined up to help micro, small and medium businesses address rising costs, financing constraints, talent shortages and increasing competition: Deputy minister
Key takeaways
MSMEs are urged to use government funding and financing programmes to boost productivity, automation and growth, with new initiatives announced under Budget 2027 to address cost, finance, talent and competition challenges.
- Deputy Minister Mohamad Alamin highlighted government funding programmes for MSMEs.
- Budget 2027 includes initiatives to tackle rising operating costs and financing constraints.
- Programs will be implemented at the business level in partnership with MDEC.
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KUALA LUMPUR: Micro, small and medium enterprises should make greater use of government funding and financing programmes to improve productivity, adopt automation and expand their businesses, said Deputy Entrepreneur and Cooperatives Development Minister Datuk Mohamad Alamin.
He said the government had lined up various initiatives under Budget 2027 to help businesses address rising operating costs, financing constraints, talent shortages and intensifying international competition.
“Under Kuskop, we have many programmes planned for next year. Some of these initiatives will involve implementation at the business level, and they will be carried out in collaboration with MDEC,” Mohamad told SunBiz on the sidelines of Taste & Trade 360 International Exhibition 2026 today.
