KAJANG, Nov 1 (Bernama) — The Entrepreneur Development and Cooperatives Ministry (KUSKOP) disbursed RM10.7 billion in financing to nearly 300,000 entrepreneurs, including hawkers and petty traders, from January to September this year. Its Minister Steven Sim said the disbursement was part of the ministry’s RM15 billion financing commitment channelled through seven financing agencies. “Of the RM15 billion commitment pledged by KUSKOP through its seven financing agencies, we have successfully disbursed RM10.7 billion to nearly 300,000 entrepreneurs nationwide. “Of the RM10.7 billion, RM3.14 billion was in the form of microfinancing. Of the nearly 300,000 entrepreneurs who received financing, 200,000, or about […]

KUALA LUMPUR: Tekun Nasional has shortened its microfinancing approval period from seven days to four, with funds targeted for disbursement within five working days to help entrepreneurs access capital faster.

ALOR SETAR, Oct 19 (Bernama) — The RM6.6 billion microfinancing allocation under Budget 2027 offers micro, small and medium enterprises (MSMEs) an opportunity to strengthen working capital and expand their businesses. The sector, which contributed 39.7 per cent to Malaysia’s gross domestic product (GDP) in 2025, remains a key driver of economic growth. Strategic management lecturer at Universiti Utara Malaysia (UUM) School of Business Management Assoc Prof Dr Darwina Ahmad Arshad said entrepreneurs must manage financing prudently to maximise productivity and market reach. She said financing facilities offered by agencies such as Amanah Ikhtiar Malaysia (AIM), TEKUN Nasional and Bank […]

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PUTRAJAYA, Aug 30 (Bernama) — Prime Minister Datuk Seri Anwar Ibrahim today announced six immediate measures for the people covering fuel subsidies, school maintenance, artificial intelligence (AI), healthcare digitalisation, e-Invoicing and microfinancing, which will take effect on Sept 1. He said all the measures were part of the government’s efforts to address the people’s concerns, particularly those related to the cost of living and pressures of daily life. “Although various measures have been implemented, I, the Deputy Prime Minister and the Cabinet have never assumed that we have solved all the problems, and this is not a curtain to conceal […]

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PUCHONG, June 21 (Bernama) — The government has allocated RM9.8 billion in financing funds through six major institutions to expand and simplify access to microcredit for hawkers and small entrepreneurs nationwide, said Deputy Finance Minister Liew Chin Tong. He said the substantial allocation is aimed at ensuring that small traders are not left out of receiving sustainable capital assistance to grow their business operations. “This visit can provide a morale boost to the institutions involved, and we can also explore ways to enable more small hawkers to gain access to microfinancing,” he told reporters after attending the “Mikro Kredit Turun […]