Business, markets and economy news from Malaysia.
Prime Minister Anwar Ibrahim has pledged to accelerate loan approvals for Malaysia's micro, small and medium enterprises, with some schemes now processing applications in as little as five days to support sustainable business growth.
Malaysia's Small and Medium Enterprises Association is demanding public reporting of loan approvals and a whistleblower mechanism to curtail political interference in MSME financing, warning that patronage-based lending undermines entrepreneurial merit.
TEKUN Nasional is piloting a 24-hour approval system for micro-financing below RM20,000, set to launch within two to three months. The initiative aims to provide rapid working capital access for Malaysia's struggling small enterprises.
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The Ministry of Entrepreneur Development and Cooperatives has disbursed nearly RM100 million in financing to over 4,300 entrepreneurs in Melaka, part of broader efforts to strengthen small and medium enterprises across the nation.