KUALA LUMPUR, – The Ministry of Entrepreneurship and Cooperative Development (KUSKOP) welcomes the 2027 Budget which strengthens support for micro, small and medium enterprises (PMKS) through increased financing, reduced operating costs and market expansion.
Its minister, Steven Sim Chee Keong in a statement said that the three priorities are the government’s focus to make 2027 the Year of PMKS Malaysia.
“Loan facilities and financing guarantees to businesses, including PMKS and mid-sized companies, will be increased to RM57 billion in 2027 compared to RM50 billion this year.
“The PMKS income tax rate reduction of up to two percentage points is expected to benefit approximately 300,000 PMKS, with tax savings of up to RM6,000 per year,” he said.
In the meantime, export financing amounting to RM1 billion through Bank Pembangunan Malaysia Berhad (BPMB) as well as RM60 million through the Malaysian Foreign Trade Development Corporation (MATRADE) will help local companies penetrate the international market.
