Malaysia launches $1.3 billion SME financing initiative. The government is rolling out up to 5 billion ringgit in low-cost financing through licensed banks and development finance institutions to help small and medium enterprises transition into higher-value sectors including technology, green projects, automation and tourism. Interest rates range from 3% to 5%, making capital more accessible for growth-stage businesses. This funding forms part of the broader PowerUp10K campaign, which targets total disbursements of 15 billion ringgit and aims to help 10,000 businesses scale up. As of February 2026, approximately 2 billion ringgit has already been approved. The government also plans to allocate at least 100 million ringgit for capability-building programs to train 100,000 entrepreneurs.
