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It's unwise to pile pressure on the banking sector.

07 Apr 2021 / 17:02 H. KUALA LUMPUR: The government has approved a total of 7,266 applications for RM1.366 billion in loans under the Small and Medium Enterprises (SMEs) initiative of the National Economic Regeneration Plan (Penjana) as of March 19, 2021. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz ( pix) said the government had allocated RM2 billion under the programme, which gave priority to SMEs that had never received a loan from a bank before. As of March 26, the Bumiputera Relief Financing (BRF) fund introduced by Perbadanan Usahawan Nasional Bhd (PUNB) has been channelled to ...

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) said among the funds are the Special Relief Facility (SRF), Automation and Digitalisation Facility (ADF), All-Economic Sector Facility (AES) and others. PETALING JAYA: The government is offering assistance from the Small and Medium Enterprise (SME) Soft Loan Fund of the National Economic Regeneration Plan (Penjana) which involves financing amounting to RM11.75bil to 24,824 SMEs that have received approval as of March 19,2021. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz (pic) said among the funds are the Special Relief Facilit...

Thursday, 01 Apr 2021 08:46 PM MYT Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz speaks during a press conference in Putrajaya March 18, 2021. — Picture by Miera Zulyana Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 1 — The government is offering assistance from the Small and Medium Enterprise (SME) Soft Loan Fund of the National Economic Regeneration Plan (Penjana) which involves financing amounting to RM11.75 billion to 24,824 SMEs that have received approval as of March 19, 2021. Finance Minister Datuk Seri Tengku Zafrul A...

"With this addition the facility provided by Bank Negara for SMEs stands at RM6bil. "A fund totalling RM200mil under the Malaysian Industrial Development Finance (MIDF) is available for financing the development of automation, digitalisation and the usage of green technology. MIDF will also lower their interest rates from 5% to 3% for a period of 12 months effective April 1,2021," he said. Apart from that, Muhyiddin added that an additional allocation of RM50mil for the Smart Automation Grant under Malaysian Investment Development Authority (Mida) will be provided to enable more SMEs and mid-...