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.
The Empowering Malaysian Businesses Carnival in Melaka drew 70,000 visitors and unlocked RM8.45 million in business matching and financing potential for local entrepreneurs and MSMEs.
Malaysia's government has committed RM9.8 billion to expand microfinancing for hawkers and small traders through six major institutions, aiming to ensure equitable access to capital for business growth.
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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.