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Malaysia's Economy Minister Akmal Nasrullah says more than RM4 billion remains available under Bank Negara's RM5 billion SME relief facility, with over RM700 million already approved for 1,000 businesses.
Entrepreneur and Cooperatives Development Minister Steven Sim has encouraged SME entrepreneurs nationwide to apply for the government's RM5 billion SME Stabilisation Relief Facility, now available through 20 participating financial institutions.
OCBC Malaysia is expediting loan approvals under Bank Negara's RM5 billion SME Stabilisation Relief Facility, offering qualifying small and medium enterprises financing up to RM750,000 at favourable rates to ease cash flow pressures.
Tan Sri Dr Zeti Akhtar Aziz believes Malaysia can avoid an economic crisis from global upheavals if policymakers and businesses prepare proactively for multiple scenarios and strengthen coordination mechanisms.