Govt to introduce RM2.1bil matching method to help companies face gearing problem


KUALA LUMPUR: The government will introduce a RM2.1 billion matching method through equity and quasy-equity investments to help companies facing gearing or leverage problems.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the method would be spearheaded by SME Bank in collaboration with the Bumiputera Agenda Steering Unit (TERAJU) and Bank Simpanan Nasional Bhd (BSN) with funds worth RM600 million and open to all, especially Bumiputera entrepreneurs.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Shifting to a lower gear
Bracing for a higher rate era
AI trade turns selective
AI investment play requires careful portfolio selection
Hormuz gloom for European stocks
Asia-Pacific debt markets gain traction
Prioritising compute power over health
Sobering times for alcohol industry
Mountains teeming with tea
Climate tech latest investment play

Others Also Read