Malaysia Rolls Out RM5 Billion Guarantee and Immediate Measures to Support SMEs Amid Global Pressures
PUTRAJAYA: The Malaysian government has unveiled a set of immediate measures aimed at supporting micro, small and medium enterprises (SMEs) facing rising operational costs due to the global energy crisis and supply chain disruptions.
Prime Minister Anwar Ibrahim announced that a RM5 billion financing guarantee will be made available through Syarikat Jaminan Pembiayaan Perniagaan as part of efforts to sustain business operations.
The initiative is targeted at sectors most affected by current conditions, including construction, agriculture and agri-food, logistics, transportation, and tourism.
Enhanced Financing Support for Affected Industries
Under the enhanced scheme, financing coverage has been increased to up to 80 per cent compared to the standard 70 per cent, while the guarantee period has been extended to as long as 10 years.
The government also plans to work closely with financial institutions to facilitate loan restructuring and repayment assistance for businesses facing financial strain.
E-Invoicing Flexibility and Trade Relief Measures
In addition to financing support, SMEs with annual sales between RM1 million and RM5 million will be granted additional flexibility in implementing e-invoicing requirements.
During the transition period, businesses will be allowed to issue consolidated e-invoices without facing penalties.
The government is also considering temporary exemptions on import duties and sales tax for Malaysian-made goods that are re-imported due to export disruptions, with the measure expected to run until December 31, 2026.
Policy Measures Shaped by Industry Feedback
Anwar said the initiatives were formulated following engagement sessions with various SME groups, including Bumiputera, Chinese and Indian business communities, to ensure that policies reflect real challenges faced on the ground.
He stressed that the government is committed to ensuring inclusive support across all sectors of the economy.
Sustained Response to Ongoing Global Challenges
The Prime Minister added that the government will continue to assess further support measures, including potential tax adjustments, to help businesses navigate prolonged global uncertainties.
He emphasised that the current economic challenges are not temporary and require sustained, adaptive responses.
“The government will continue working with financial institutions and industry players to ensure businesses remain operational and jobs are protected,” he said.
-wilayah.com.my
