KUALA LUMPUR (May 7): UDA Holdings Bhd, an agency under the Entrepreneur Development and Cooperatives Ministry, will absorb RM12.5 million in costs to help ease the burden on micro, small and medium enterprises (MSMEs) amid rising cost pressures from Middle East tensions.
The measures comprise a rental discount, a moratorium to enable flexible monthly rental payments, and deferring increases on complex operational service charges at its commercial properties, Entrepreneur Development and Cooperatives Minister Steven Sim Chee Keong said in a statement on Thursday.