Govt to prioritise SMEs’ recovery in Budget 2021, says finance minister | Malay Mail

Monday, 28 Sep 2020 02:06 PM MYT

He said this would be done via continued support for digitalisation and automation, building on the foundation laid by the Prihatin Rakyat Economic Stimulus Package , Prihatin SME Plus, National Economic Recovery Plan , and Prihatin Supplementary Initiative Package to encourage this transition. “We need to raise awareness that with digitalisation, SMEs can have a bigger market reach and go regional, and how our financial institutions can support them in this process,” he said.

“Businesses need to balance out their priorities to help themselves remain afloat regardless of the changing operating landscape, and the government is looking at how sustainability can be the foundational premise on which SME-centric measures are crafted,” he said. “Secondly, our strategic location and trained human capital supports Malaysia as a good destination for businesses to relocate from China, in view of the Sino-United States trade tensions.

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