KUALA LUMPUR: Bank Negara will set up two financing facilities of up to RM1.2bil to help small and medium enterprises (SMEs) cope with the impact of higher costs due to rising prices.
Prime Minister Datuk Seri Abdullah Ahmad Badawi announced yesterday that the RM700mil SME Assistance Facility and the SME Modernisation Facility with an allocation of RM500mil would commence on Aug 1.
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