Malaysia's central bank reaffirms support for MSMEs

0 Comment(s)Print E-mail Xinhua, October 22, 2023
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KUALA LUMPUR, Oct. 21 (Xinhua) -- Malaysia's central bank said on Saturday that it will continue to support priority segments of micro, small and medium enterprises (MSMEs) to obtain financing at competitive rates.

This includes 600 million ringgit (125.85 million U.S. dollars) being earmarked for four target segments, Bank Negara Malaysia said in a statement.

"The four target segments are a 200 million ringgit increase in allocation for micro-enterprises facility, 200 ringgit million under all economic sectors facility, and 100 million ringgit each under agro-food facility and low carbon transition facility, respectively," the statement said.

It also said overall, about 8.4 billion ringgit is still available for MSMEs across all financing facilities to support their involvement in key national initiatives including New Industrial Master Plan 2030 and National Energy Transition Roadmap. (1 ringgit equals 0.21 U.S. dollars) Enditem

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