Govt focuses on policies to support businesses, banks will continue to help SMEs with repayment issues

Govt focuses on policies to support businesses, banks will continue to help SMEs with repayment issues

KUALA LUMPUR: Your decision on whether or not in order to grant moratoriums in order to small and medium enterprises (SMEs) is extremely much dependent on if the banks think that the particular SMEs have repayment issues, said Financing Minister Tengku Datuk Seri Zafrul Abdul Aziz.

However , the government can encourage policies that are helping and assisting the folks, he said, expressing hope that banking institutions and Bank Negara Malaysia would always support the SMEs and micro, little and medium corporations (MSME) that are truly facing difficulties.

He also remarked that Malaysia’s economy has been growing strongly up to now, thanks to rising household consumption, a more powerful export sector and better loan development, among others, thus the measures taken throughout the pandemic-triggered economic crisis may not be the best solution for the moment. РBernama