RM1bil additional micro-financing should come with faster approvals, says FMM

FMM In The News: KLSESCREENER.COM, September 1, 2026

KUALA LUMPUR: The additional RM1 billion in micro-financing facilities, which brings the total allocation for 2026 to RM6 billion from RM5 billion, should be accompanied by simple application procedures, affordable financing terms, and faster approval and disbursement, said the Federation of Malaysian Manufacturing (FMM).

FMM president Jacob Lee Chor Kok said the move was important as small and medium enterprises (SMEs) continue to face pressure from rising operating costs and cash flow constraints.

"The government should also ensure adequate access to financing for eligible small manufacturers and manufacturing-related businesses.

"These measures can help free up resources for businesses to sustain operations, retain workers and undertake productivity-enhancing investments,” he said in a statement today.

Full article on https://www.thestar.com.my/business/