SemarakNiaga will help Malaysia stay on strong economic recovery path

Prime Minister Datuk Seri Ismail Sabri Yaakob

KUALA LUMPUR: The government wants to ensure that the country is on a strong economic recovery path through the implementation of the SemarakNiaga Keluarga Malaysia Programme (SemarakNiaga), which receives an allocation of more than RM40 billion under Budget 2022.

Prime Minister Datuk Seri Ismail Sabri Yaakob said SemarakNiaga not only supports businesses by providing working capital injections or financing, but also through equity injections -- or taking up shares or an equity stake in a company -- for businesses affected by the COVID-19 pandemic.