AGP Executive Report
Last update: 7 hours agoMalaysia’s SME Budget: Budget 2027 raises financing and guarantees for MSMEs and mid-tier firms to RM57 billion, from RM50 billion, and cuts MSME tax by up to two percentage points, saving eligible firms as much as RM6,000 a year. Export financing is also expanding, while businesses with annual sales below RM50 million are exempt from the planned minimum-wage rise. Contracting Opportunities: Government procurement for smaller Bumiputera contractors will increase to RM7.5 billion from RM4 billion, with a price-adjustment clause intended to help offset higher project costs. More Access to Finance: Mama Bank opened a branch in Mt Hagen, backed by a K1 million partnership that could unlock up to K3 million in SME loans. Local Support: Telangana plans an MSME centre of excellence and monthly grievance days to help firms with technology, market access and business issues. Cost Pressures: Rising fuel bills are squeezing small businesses; one Irish operator with 10 vans reported an extra €1,500–€2,000 in monthly costs.
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