Malaysia Rolls Out Immediate Measures to Support MSMEs Amid Rising Global Cost Pressures
PUTRAJAYA: The Malaysian government has introduced a series of immediate measures to support micro, small and medium enterprises (MSMEs) facing mounting cost pressures driven by the global energy crisis and supply chain disruptions.
Prime Minister and Finance Minister Anwar Ibrahim said the initiatives were formulated based on direct feedback from businesses through engagement sessions with various industry groups.
He noted that discussions previously held with Bumiputera MSMEs have now been expanded to include Chinese and Indian business communities, reflecting a commitment to inclusive economic support.
Global Pressures Driving Cost Increases
According to Anwar, ongoing tensions in West Asia have had far-reaching economic effects, including disruptions to energy supply, rising logistics and insurance costs, and sustained pressure on input prices.
These developments have impacted a wide range of sectors, from manufacturing and agriculture to trade and services.
RM5 Billion Financing Guarantee to Support Businesses
To address these challenges, the government has allocated RM5 billion in financing guarantees through Syarikat Jaminan Pembiayaan Perniagaan.
The enhanced scheme targets key affected sectors such as construction, agri-food, logistics, transportation and tourism.
Under the improved framework, financing coverage has been increased to up to 80 per cent, while the guarantee period has been extended to 10 years.
SJPP will also collaborate with financial institutions to facilitate loan restructuring and targeted repayment assistance.
E-Invoicing Flexibility and Trade Relief
The government has also granted a 12-month extension for Phase 4 e-invoicing implementation until December 31, 2027, for businesses with annual revenue between RM1 million and RM5 million.
During this transition period, companies will be allowed to issue consolidated e-invoices without penalties.
Additionally, interim consideration has been given to exempt import duties and sales tax on Malaysian-made goods that are re-imported due to export disruptions, until December 31, 2026.
Proactive Approach to Strengthen Economic Resilience
Anwar emphasised that the government will continue to assess further support measures, including tax-related adjustments, to help businesses navigate prolonged global uncertainty.
He stressed that the current challenges are not temporary and require sustained, adaptive strategies to maintain business continuity and protect jobs.
The government will also continue to work closely with financial institutions and industry players to ensure that assistance reaches those most in need.
-wilayah.com.my
