Bank Negara approves RM2.8bil financing under SME relief facility
KUALA LUMPUR: Bank Negara Malaysia has approved about RM2.8 billion in financing under its SME Stabilisation Relief Facility (SME SRF), benefiting more than 4,900 small and medium-sized enterprise (SME) accounts affected by the Middle East conflict.
The Bank Negara Malaysia has approved RM2.8 billion in financing under its SME Stabilisation Relief Facility (SME SRF) to support over 4,900 small and medium-sized enterprises (SMEs) affected by the Middle East conflict. Governor Datuk Seri Abdul Rasheed Ghaffour emphasized the facility's role in providing immediate working capital support to viable businesses, including microentrepreneurs, to help them sustain operations amidst economic disruptions caused by the conflict.
Beyond short-term stabilisation, Rasheed highlighted the importance of longer-term resilience, suggesting that structural improvements to the financing ecosystem are crucial for SMEs to withstand future shocks, seize new opportunities, and grow into domestic champions.
Brief written by urgent.news from New Straits Times's own syndicated text. Machine-written — it may contain errors, so check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
![[REPORTER'S NOTEBOOK] Why Lee skipped summer vacation](/img/851886)
