30th April 2026 - 2 min read
A RM5 billion SME Stabilisation Relief Facility has been announced by Bank Negara Malaysia to help micro, small, and medium enterprises (MSMEs) affected by the ongoing West Asia conflict and its impact on global supply chains.
The announcement was welcomed by Entrepreneurship and Cooperatives Development Minister Steven Sim Chee Keong from the Ministry of Entrepreneurship and Cooperatives Development (KUSKOP), who met with BNM Governor Dato’ Sri Abdul Rasheed Ghaffour in Putrajaya on 28 April 2026 to discuss strengthening the financial ecosystem for MSMEs.
The meeting covered efforts to expand financing support for MSMEs, with a focus on improving credit access for first-time borrowers and new entrepreneurs. Both parties also discussed the potential of blended financing, an approach that combines the strengths of the financial sector and capital markets to support MSME growth.
Steven Sim said the current environment calls for an all hands on deck approach involving the government, financial institutions, and the broader entrepreneurship ecosystem. “KUSKOP is committed not only to ensuring more local businesses remain resilient in the face of global economic challenges arising from the West Asia conflict, but also to seizing opportunities to grow, improve productivity, and scale to the next level,” he said.
As of March 2026, financing to MSMEs by banking institutions and development financial institutions has reached RM443.8 billion, representing nearly 51% of total business loans in Malaysia. Steven Sim described this as a strong foundation to build on with further support.
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Iman writes about personal finance with curiosity. She is interested in the stories behind money, the hesitation around big decisions, and the small habits that shape financial futures. Off the clock, she is either dissecting a film or climbing her way up the leaderboard in her favourite games.
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