Prime Minister Anwar Ibrahim announces a RM5 billion guarantee scheme and e-invoicing flexibility to help MSMEs weather the global energy crisis and supply chain disruptions.
PUTRAJAYA: The government has announced a suite of measures to bolster micro, small and medium enterprises against rising operational costs and supply chain disruptions stemming from the global energy crisis and the West Asia conflict.
Prime Minister Datuk Seri Anwar Ibrahim detailed a key RM5 billion guarantee facility through Syarikat Jaminan Pembiayaan Perniagaan, which will see financing coverage increased to 80% from 70% and the guarantee tenure extended to 10 years from seven.
This facility is targeted at supporting affected sectors including construction, agriculture and agri-food, logistics, transportation, and tourism.
SJPP will also collaborate with banks to facilitate loan restructuring, rescheduling, and targeted repayment assistance for businesses.
“In the face of intensifying global pressures, the MADANI government is acting swiftly, guided by direct feedback from industry players, to ensure that every measure reaches those who need it most,” Anwar said in a statement.
He added that the spillover from the West Asia conflict is broadly impacting the global economy through energy supply disruptions, rising logistics and insurance costs, and continued pressure on input prices.
The government is also granting businesses with annual sales between RM1 million and RM5 million an additional 12-month transition period for implementing e-invoicing Phase 4, now extended until December 31, 2027.
During this transition period, consolidated e-invoices may be issued without penalties to ease the compliance burden.
Authorities are additionally considering interim exemptions on import duty and sales tax for the re-importation of Malaysian-made goods that could not complete export due to conflict-related disruptions, valid until the end of this year.
Anwar stated that the government will continue monitoring the situation and assess the need for further facilitative tax treatments for conflict-affected businesses.
He emphasised the government’s proactive stance to ensure the business ecosystem remains resilient and adaptable amid prolonged global pressures.
“The government will continue to strengthen collaboration with financial institutions, industry players and entrepreneurs to ensure that the measures implemented help sustain business operations and protect jobs,” he said.
Anwar stressed that this is not a temporary situation, noting that the nation must be prepared for gradual and prolonged changes.
These latest announcements form part of the MADANI government’s ongoing outreach, which recently included engagements with Bumiputera, Chinese, and Indian business communities to ensure all economic segments are supported.
In line with the MADANI Economy framework, the government remains committed to strengthening national economic resilience while ensuring targeted assistance reaches those most in need.
