Muhyiddin unveils RM10bil stimulus package for SMEs (updated)


PETALING JAYA: Prime Minister Tan Sri Muhyiddin Yassin has unveiled a special stimulus package worth RM10bil aimed at small and medium-sized enterprises (SMEs) in a bid to soften the impact of the movement control order (MCO).

According to Muhyiddin, SMEs and micro-businesses made up two-thirds of the workforce of the country and contributed 40% of the country’s economy.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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

Next In Nation

INTERACTIVE: Fraud finfluencers in SC net
Former FMT reporter Rex Tan arrested
Wira and Manja work their magic
Concern for less tech-savvy folk
Day to pay homage to the humble cattle
Forensic probe into blast
Negri Sembilan DOSH to probe cause of ammonia explosion
Improvements to Sara distribution ensure more orderly, targeted aid disbursement, says PM
Selangor MMEA foils attempt to smuggle 32 illegal migrants out of Malaysia
Local actress Nadia Kesuma reported missing after arriving in Jeddah

Others Also Read