Govt focuses on policies to support businesses, banks will continue to help SMEs with repayment issues


KUALA LUMPUR: The decision on whether or not to grant moratoriums to small and medium enterprises (SMEs) is very much dependent on whether the banks think that the SMEs have repayment issues, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

However, the government can encourage policies that are helping and assisting the people, he said, expressing hope that banks and Bank Negara Malaysia would continue to support the SMEs and micro, small and medium enterprises (MSME) that are genuinely facing difficulties.

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

moratorium. SME , financing , lending

   

Next In Business News

MITI identifies 33 indicators, 32 actions through national competitiveness committee meeting
Uzma gets RM100mil contract extension from PETRONAS Carigali
Ame REIT Unit to launch RM1bil sukuk wakalah programme
Tex Cycle appoints Ho Wai Mun as COO and Lee Junyan as CTO
Ringgit rebounds to end higher against US dollar
Khazanah develops young Malaysians to drive IR4.0, digital economy
Vincent Tan seeks new partner in high-speed rail bid
FBM KLCI edges up, bucks regional trend
Tesla launches redesigned Model Y in Asia, seeking to fend off rivals
Oil set for third straight weekly gain on winter fuel demand

Others Also Read